SEC Filing | Consumer Portfolio Services, Inc.

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SEC FORM 4 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

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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^*

POWELL CURTIS K

(Last)

(First)

(Middle)

19500 JAMBOREE RD

(Street)

IRVINE

92612

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES INC [ CPSS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2009

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
stock options (right to buy)	$2.5	12/10/2009		D			10,000	⁽¹⁾	01/17/2011	common stock no par value	10,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		10,000		⁽³⁾	01/17/2011	common stock no par value	10,000	⁽⁴⁾	10,000	D
stock options (right to buy)	$2.64	12/10/2009		D			20,000	⁽¹⁾	07/17/2013	common stock no par value	20,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		20,000		⁽³⁾	07/17/2013	common stock no par value	20,000	⁽⁴⁾	20,000	D
stock options (right to buy)	$3.18	12/10/2009		D			20,000	⁽¹⁾	01/30/2018	common stock no par value	20,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		20,000		⁽³⁾	01/30/2018	common stock no par value	20,000	⁽⁴⁾	20,000	D
stock options (right to buy)	$4	12/10/2009		D			20,000	⁽¹⁾	04/26/2014	common stock no par value	20,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		20,000		⁽³⁾	04/26/2014	common stock no par value	20,000	⁽⁴⁾	20,000	D
stock options (right to buy)	$4.25	12/10/2009		D			10,000	⁽¹⁾	01/17/2011	common stock no par value	10,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		10,000		⁽³⁾	01/17/2011	common stock no par value	10,000	⁽⁴⁾	10,000	D
stock options (right to buy)	$5.04	12/10/2009		D			20,000	⁽¹⁾	04/29/2015	common stock no par value	20,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		20,000		⁽³⁾	04/29/2015	common stock no par value	20,000	⁽⁴⁾	20,000	D
stock options (right to buy)	$5.26	12/10/2009		D			20,000	⁽¹⁾	07/30/2017	common stock no par value	20,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		20,000		⁽³⁾	07/30/2017	common stock no par value	20,000	⁽⁴⁾	20,000	D
stock options (right to buy)	$6	12/10/2009		D			20,000	⁽¹⁾	12/30/2015	common stock no par value	20,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		20,000		⁽³⁾	12/30/2015	common stock no par value	20,000	⁽⁴⁾	20,000	D
stock options (right to buy)	$6.85	12/10/2009		D			40,000	⁽¹⁾	10/25/2016	common stock no par value	40,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		40,000		⁽³⁾	10/25/2016	common stock no par value	40,000	⁽⁴⁾	40,000	D
stock options (right to buy)	$6.91	12/10/2009		D			10,000	⁽¹⁾	02/27/2017	common stock no par value	10,000	⁽²⁾	0	D
stock options (right to buy)	$1.5	12/10/2009		A		10,000		⁽³⁾	02/27/2017	common stock no par value	10,000	⁽⁴⁾	10,000	D

Explanation of Responses:

1. such option becomes or became exercisable in cumulative installments, as to 20% of the total number of shares shown on each of the dates that are nine, eight, seven, six and five years prior, respectively, to the expiration date reported in column 6. To the extent such option was exercisable in part but not in full on December 30, 2005, it was amended on that date to become fully exercisable at that time.

2. issued in consideration of the named person's services to the issuer.

3. such option first becomes exercisable on June 10, 2010. At any time thereafter, such option will be exercisable with respect to that number of shares that would have been exercisable under the option described in the immediately preceding line of this Table II.

4. issued in consideration of (i) the named person's services to the issuer and (ii) surrender to the issuer of the options described in the immediately preceding line of this Table II.

Remarks:

	/s/ CURTIS K. POWELL	12/14/2009
	** 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.