EX-99 7 ex99a1e-sc13e4f_082409.htm EXHIBIT 99 (A) (1) (E)

Exhibit-99 (a)(1)(E)

 

Exhibit D to Exchange Offer

SPAR Group, Inc.

Offer to Exchange Certain Outstanding Stock Options for New Stock Options

Dated August 24, 2009 (the “Exchange Offer”).

 

Outside Directors Share Exchange Rate Schedule

 

Outside Director’sName

 

Exchange Rate

(New Stock Option shares as a percentage

of Surrendered Option shares)

 

Robert O. Aders

(retired)

 

81%

Jerry B Gilbert

 

 

81%

Lorrence T. Kellar

 

 

85%

Chester Manly Molpus

 

 

98%

Jack W. Partridge

 

83%

 

 

 

 

 

 

Exhibit D