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OMB APPROVAL
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OMB Number 3235-0362
Expires: January 31, 2005
Estimated average burden
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[X] Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Gilbert Jerry B.
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(Last) (First) (Middle)
c/o SPAR Group, Inc.
580 White Plains Road
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(Street)
Tarrytown New York 10591
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SPAR Group, Inc. ("SGRP")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
December, 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing
(Check applicable line)
[X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. Amount of 6. Owner-
2A. 4. Securities Acquired (A) or Securities ship 7. Nature
2. Trans- Deemed 3. Trans- Disposed of (D) Beneficially Form: of
action Execution action (Instr. 3, 4 and 5) Owned at End Direct Indirect
Date Date, if Code -------------------------- of Issuer's (D) or Benefi-
1. Title (Month/ any Month/ (Instr.8) (A) Fiscal Indirect cial
of Security Day/ Day/ or Year (Instr. (I) Ownership
(Instr. 3) Year) Year) Amount (D) Price 3 and 4) (Instr.4) (Instr. 4)
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None
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*If the form is filed by more than one reporting person see instruction 4(b)(v).
(Over)
SEC 2270 (3-99)
FORM 5 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. 3A. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- Deemed 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Execution Trans- of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date Date, if action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ any Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Month/Day (Instr. ----------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Common
Option to Stock,
buy Common $.01 par
Stock $.01 Immed. 12/31/12 value 791 D
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Common
Option to Stock,
buy Common $.01 par
Stock $.01 09/30/02 A4 1,179 Immed. 09/30/12 value 1,179 D
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Common
Option to Stock,
buy Common $.01 par
Stock $.01 06/28/02 A 1,111 Immed. 06/28/12 value 1,111 D
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Common
Option to Stock,
buy Common $.01 par
Stock $2.26 06/04/02 A 2,500 06/04/03 06/04/12 value 2,500 D
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Common
Option to Stock,
buy Common $.01 par
Stock $.01 03/28/02 A 1,117 Immed. 03/28/12 value 1,117 D
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Common
Option to Stock,
buy Common $.01 par
Stock $.01 12/31/01 A 1,405 Immed. 12/31/11 value 1,405 D
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Common
Option to Stock,
buy Common $.01 par
Stock $.01 11/11/01 A 1,997 Immed. 11/11/11 value 1,997 D
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Common
Option to Stock,
buy Common $.01 par
Stock $1.20 05/31/01 A 10,000 Immed. 05/31/11 value 10,000 D
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Common
Option to Stock,
buy Common $.01 par
Stock value 20,100 D
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Explanation of Responses:
/s/ Jerry B. Gilbert 2/13/03
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**Signature of Reporting Person Date
* 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 provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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