SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* GILBERT JERRY B (Last) (First) (Middle) C/O SPAR GROUP, INC 580 WHITE PLAINS ROAD, SUITE 600 (Street) TARRYTOWN NY 10591 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SPAR GROUP INC [ SGRP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 05/03/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01	05/03/2006		M		1,576	A	$0.01	1,576	D
Common Stock, par value $.01	05/03/2006		M		1,176	A	$0.01	2,752	D
Common Stock, par value $.01	05/03/2006		M		912	A	$0.01	3,664	D
Common Stock, par value $.01	05/03/2006		M		750	A	$0.01	4,414	D
Common Stock, par value $.01	05/03/2006		M		1,071	A	$0.01	5,485	D
Common Stock, par value $.01	05/03/2006		M		791	A	$0.01	6,276	D
Common Stock, par value $.01	05/03/2006		M		1,179	A	$0.01	7,455	D
Common Stock, par value $.01	05/03/2006		M		1,111	A	$0.01	8,566	D
Common Stock, par value $.01	05/03/2006		M		1,117	A	$0.01	9,683	D
Common Stock, par value $.01	05/03/2006		M		1,405	A	$0.01	11,088	D
Common Stock, par value $.01	05/03/2006		M		1,997	A	$0.01	13,085	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to buy Common Stock	$0.01	05/03/2006		M			1,576	03/31/2005	03/31/2014	Common Stock, $.01 par value	1,576	$0.01	110,784	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,176	12/31/2004	12/31/2013	Common Stock, $.01 par value	1,176	$0.01	109,608	D
Options to buy Common Stock	$0.01	05/03/2006		M			912	09/30/2004	09/30/2013	Common Stock, $.01 par value	912	$0.01	108,696	D
Options to buy Common Stock	$0.01	05/03/2006		M			750	06/30/2004	06/30/2013	Common Stock, $.01 par value	750	$0.01	107,946	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,071	03/31/2004	03/31/2013	Common Stock, $.01 par value	1,071	$0.01	106,875	D
Options to buy Common Stock	$0.01	05/03/2006		M			791	12/31/2003	12/31/2012	Common Stock, $.01 par value	791	$0.01	106,084	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,179	09/30/2003	09/30/2012	Common Stock, $.01 par value	1,179	$0.01	104,905	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,111	06/28/2003	06/28/2012	Common Stock, $.01 par value	1,111	$0.01	103,794	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,117	03/28/2003	03/28/2012	Common Stock, $.01 par value	1,117	$0.01	102,677	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,405	12/31/2002	12/31/2011	Common Stock, $.01 par value	1,405	$0.01	101,272	D
Options to buy Common Stock	$0.01	05/03/2006		M			1,997	11/11/2002	11/11/2011	Common Stock, $.01 par value	1,997	$0.01	99,275	D

Explanation of Responses:

	James Segreto, as attorney-in-fact under Power of Attorney Grant and Confirming Statement dated November 7, 2002	06/16/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.