SPAR Group, Inc. — Director's Dealing 2008

Jan 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPAR GROUP INC (SGRP)
CIK: 0001004989
Period of Report: 2007-12-17

Reporting Person: Raymond Gary S (CHIEF EXECUTIVE OFFICER)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-17	Option to buy Common Stock	$0.76	A	50000	Acquired	2017-11-08	Common Stock, $.01 par value (50000)	Direct

Footnotes

F1: Vests as to 12,500 shares each on 11/8/2008, 11/8/2009, 11/8/2010 and 11/8/2011.