SPAR Group, Inc. — Director's Dealing 2017

May 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPAR GROUP INC (SGRP)
CIK: 0001004989
Period of Report: 2017-05-18

Reporting Person: BELZER KORI (Chief Operations Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-18	Options to buy Common Stock	$0.90	A	25000	Acquired	2027-05-17	Common Stock, $.01 par value (25000)	Direct

Footnotes

F1: Vests as to 6,250 shares on each May 17, 2018, 2019, 2020 and 2021, respectively.