SPAR Group, Inc. — Director's Dealing 2010

Dec 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPAR GROUP INC (SGRP)
CIK: 0001004989
Period of Report: 2010-11-03

Reporting Person: FRANCO PATRICIA (SENIOR VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-03	Common Stock, $.01 par value	M	2500	$0.40	Acquired	25131	Direct
2010-11-03	Common Stock, $.01 par value	M	2500	$0.40	Acquired	27631	Direct
2010-11-03	Common Stock, $.01 par value	M	10000	$0.40	Acquired	37631	Direct
2010-11-03	Common Stock, $.01 par value	M	10000	$0.625	Acquired	47631	Direct
2010-11-03	Common Stock, $.01 par value	S	5829	$1.05	Disposed	41802	Direct
2010-11-04	Common Stock, $.01 par value	S	14280	$1.05	Acquired	27522	Direct
2010-11-05	Common Stock, $.01 par value	S	4891	$1.05	Acquired	22631	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-03	Option to buy Common Stock	$0.40	M	2500	Disposed	2019-08-06	Common Stock, $.01 par value (2500)	Direct
2010-11-03	Option to buy Common Stock	$0.40	M	2500	Disposed	2019-08-06	Common Stock, $.01 par value (2500)	Direct
2010-11-03	Option to buy Common Stock	$0.40	M	10000	Disposed	2019-08-06	Common Stock, $.01 par value (10000)	Direct
2010-11-03	Option to buy Common Stock	$0.625	M	10000	Disposed	2010-12-04	Common Stock, $.01 par value (10000)	Direct

Footnotes

F1: Vests as to 2,500 shares each on 12/4/2001, 12/4/2002, 12/4/2003 and 12/4/2004.