X0303 5 2010-12-31 0 0 1 0001004989 SPAR GROUP INC SGRP 0001282874 BELZER KORI C/O SPAR GROUP INC 560 WHITE PLAINS ROAD, SUITE 210 TARRYTOWN NY 10591 0 1 0 0 CHIEF OPERATIONS OFFICER Common Stock, $.01 par value 453 D Common Stock, $.01 par value 2009-03-31 4 P 0 L 429 0.47 A 4571 D Common Stock, $.01 par value 7503 I 401(k) Plan Option to buy Common Stock 0.85 2009-08-06 4 J 0 L 1 D 2009-11-06 2018-11-06 Common Stock, $.01 par value 25000 17 D Option to buy Common Stock 0.95 2009-08-06 4 J 0 L 1 D 2007-11-08 2016-11-08 Common Stock, $.01 par value 20000 17 D Option to buy Common Stock 1.10 2009-08-06 4 J 0 L 1 D 2006-11-09 2015-11-09 Common Stock, $.01 par value 15000 17 D Option to buy Common Stock 0.85 2009-08-06 4 J 0 L 1 D 2006-05-12 2015-05-12 Common Stock, $.01 par value 20000 17 D Option to buy Common Stock 1.26 2009-08-06 4 J 0 L 1 D 2006-04-14 2015-04-14 Common Stock, $.01 par value 76140 17 D Option to buy Common Stock 2.25 2009-08-06 4 J 0 L 1 D 2003-08-08 2012-08-08 Common Stock, $.01 par value 10000 17 D Option to buy Common Stock 1.30 2009-08-06 4 J 0 L 1 D 2002-08-02 2011-08-02 Common Stock, $.01 par value 10000 17 D Option to buy Common Stock 1.30 2009-08-06 4 J 0 L 1 D 2002-08-02 2011-08-02 Common Stock, $.01 par value 25000 17 D Option to buy Common Stock 1.30 2009-08-06 4 J 0 L 1 D 2002-08-02 2011-08-02 Common Stock, $.01 par value 25000 17 D Option to buy Common Stock 1.30 2009-08-06 4 J 0 L 1 D 2002-08-02 2011-08-02 Common Stock, $.01 par value 10000 17 D Option to buy Common Stock 1.10 2009-08-06 4 J 0 L 1 D 2002-05-09 2011-05-09 Common Stock, $.01 par value 2000 17 D Option to buy Common Stock 0.875 2009-08-06 4 J 0 L 1 D 2002-04-06 2011-04-06 Common Stock, $.01 par value 2000 17 D Option to buy Common Stock 0.625 2009-08-06 4 J 0 L 1 D 2001-12-04 2010-12-04 Common Stock, $.01 par value 10000 17 D Option to buy Common Stock 1.22 2009-08-06 4 J 0 L 1 D 2001-08-03 2010-08-03 Common Stock, $.01 par value 2000 17 D Option to buy Common Stock 0.40 2009-08-06 4 A 0 L 14 A 2019-08-06 Common Stock, $.01 par value 252140 17 D Option to buy Common Stock 0.40 2009-08-06 4 A 0 L 1 A 2019-08-06 Common Stock, $.01 par value 30000 17 D Option to buy Common Stock 1.78 2012-02-14 Common Stock, $.01 par value 10000 17 D Option to buy Common Stock 1.00 2020-08-05 Common Stock, $.01 par value 35000 17 D Beneficial ownership of such shares or options at December 31, 2010. Options were voluntarily surrendered to the issuer for cancellation and exchanged on a share-for-share basis for the new options described in footnote (3) below pursuant to the issuer's Offer to Exchange Certain Outstanding Stock Options for New Stock Options dated August 24, 2009, as filed with the SEC in our Schedule TO on August 25, 2009. Options received from the issuer for the options voluntarily surrendered to it for the cancellation and exchange described in footnote (2) above. Vests and becomes exercisable as to 63,035 shares each on 8/6/2010, 8/6/2011, 8/6/2012 and 8/6/2013. Vests and becomes exercisable as to 7,500 shares each on 8/6/2010, 8/6/2011, 8/6/2012 and 8/6/2013. Vested and became exercisable as to 2,500 shares each on 2/14/2003, 2/14/2004, 2/14/2005 and 2/14/2006. Vests and becomes exercisable as to 8,750 shares each on 8/5/2011, 8/5/2012, 8/5/2013 and 8/5/2014. Option to buy the issuer's Common Stock pursuant to its 2000 Stock Option Plan, as amended. Option to buy the issuer's Common Stock pursuant to its 2008 Stock Compensation Plan, as amended. Common Stock purchased by the Administrator of the Employee Stock Purchase Plan from time to time and beneficially owned at 12/31/2010. Not applicable. /s/ James Segreto, as attorney-in-fact under Power of Attorney Grant & Confirming Statement dated March 5, 2004 2011-02-14