------------------------------
OMB APPROVAL
------------------------------
OMB Number 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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 of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
--------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Partridge Jack W.
--------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o SPAR Group, Inc.
580 White Plains Road
--------------------------------------------------------------------------------
(Street)
Tarrytown New York 10591
--------------------------------------------------------------------------------
(City) (State) (Zip)
--------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
SPAR Group, Inc. ("SGRP")
--------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
--------------------------------------------------------------------------------
4. Statement for Month/Year
January 29, 2003
--------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)
--------------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
--------------------------------------------------------------------------------
7. 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
================================================================================
6.
4. 5. Owner-
2A. Securities Acquired (A) or Amount of ship
Deemed 3. Disposed of (D) Securities Form: 7.
Execution Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Date, if Code -------------------------- Owned Follow- (D) or Indirect
1. Transaction any (Instr. 8) (A) ing Reported Indirect Beneficial
Title of Security Date (mm/dd/yy) ----------- Amount or Price Transactions (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) (Instr. 3 and 4) (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock,
par value $.01 10,968 D
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Page 1 of 2
(Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
10.
9. Owner-
Number ship
of Form
2. 6. Deriv- of
Conver- 5. Date 7. ative Deriv- 11.
sion Number of Exercisable Title and Amount Secur- ative Nature
or Derivative and of Underlying 8. ities Secur- of
Exer- 4. Securities Expiration Date Securities Price Bene- ity: In-
cise 3. 3A. Trans- Acquired (A) (Month/Day/Year) (Instr. 3 and 4) of ficially Direct direct
Price Trans- Deemed action or Disposed ---------------- ---------------- Deriv- Owned (D) or Bene-
1. of action Execution Code of(D) Amount ative Following In- ficial
Title of Deriv- Date Date, if (Instr. (Instr. 3, or Secur- Reported direct Owner-
Derivative ative (Month/ any 8) 4 and 5) Date Expira- Number ity Trans- (I) ship
Security Secur- Day/ (Month/Day ------ ----------- Exer- tion of (Instr. actions (Instr. (Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) (Instr. 4) 4) 4)
-----------------------------------------------------------------------------------------------------------------------------------
Options to
buy Common Common
Stock $0.6875 Immed. 01/29/2011 Stock 10,000 D
-----------------------------------------------------------------------------------------------------------------------------------
Options to
buy Common Common
Stock $1.75 Immed. 01/29/2012 Stock 2,500 D
------------------------------------------------------------------------------------------------------------------------------------
Options to
buy Common Common
Stock $.01 Immed. 12/31/2012 Stock 791 D
------------------------------------------------------------------------------------------------------------------------------------
Options to
buy Common Common
Stock $3.15 01/29/2003 A 2,500 1/29/04 01/29/2013 Stock 2,500 D
------------------------------------------------------------------------------------------------------------------------------------
Options to
buy Common
Stock 15,792 D
====================================================================================================================================
Explanation of Responses:
/s/ Lawrence David Swift 01/31/03
--------------------------------------------- -------------------
**Signature of Reporting Person Date
Lawrence David Swift, as attorney-in-fact under
Power of Attorney Grant and Confirming Statement
dated November 7, 2002.
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 provided is insufficient, see Instruction 6 for procedure.
Page 2 of 2