Sec Form 4 Filing - Holland Jayne Ellen @ CONSUMER PORTFOLIO SERVICES INC - 2009-12-10

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Holland Jayne Ellen 2. Issuer Name and Ticker or Trading Symbol CONSUMER PORTFOLIO SERVICES INC [ CPSS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Sr Vice President (Last) (First) (Middle) 19500 JAMBOREE RD 3. Date of Earliest Transaction (MM/DD/YY) 12/10/2009 (Street) IRVINE, CA92612 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares stock options (right to buy) $ 2.5 12/10/2009 D 5,000 ( 1 ) 01/17/2011 common stock no par value 5,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 5,000 ( 3 ) 01/17/2011 common stock no par value 5,000 ( 4 ) 5,000 D stock options (right to buy) $ 2.64 12/10/2009 D 10,000 ( 1 ) 07/17/2013 common stock no par value 10,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 10,000 ( 3 ) 07/17/2013 common stock no par value 10,000 ( 4 ) 10,000 D stock options (right to buy) $ 3.18 12/10/2009 D 20,000 ( 1 ) 01/30/2018 common stock no par value 20,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 20,000 ( 3 ) 01/30/2018 common stock no par value 20,000 ( 4 ) 20,000 D stock options (right to buy) $ 4 12/10/2009 D 10,000 ( 1 ) 04/26/2014 common stock no par value 10,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 10,000 ( 3 ) 04/26/2014 common stock no par value 10,000 ( 4 ) 10,000 D stock options (right to buy) $ 4.25 12/10/2009 D 5,000 ( 1 ) 01/17/2011 common stock no par value 5,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 5,000 ( 3 ) 01/17/2011 common stock no par value 5,000 ( 4 ) 5,000 D stock options (right to buy) $ 5.04 12/10/2009 D 10,000 ( 1 ) 04/29/2015 common stock no par value 10,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 10,000 ( 3 ) 04/29/2015 common stock no par value 10,000 ( 4 ) 10,000 D stock options (right to buy) $ 5.26 12/10/2009 D 20,000 ( 1 ) 07/30/2017 common stock no par value 20,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 20,000 ( 3 ) 07/30/2017 common stock no par value 20,000 ( 4 ) 20,000 D stock options (right to buy) $ 6 12/10/2009 D 10,000 ( 1 ) 12/30/2015 common stock no par value 10,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 10,000 ( 3 ) 12/30/2015 common stock no par value 10,000 ( 4 ) 10,000 D stock options (right to buy) $ 6.04 12/10/2009 D 30,000 ( 1 ) 05/22/2017 common stock no par value 30,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 30,000 ( 3 ) 05/22/2017 common stock no par value 30,000 ( 4 ) 30,000 D stock options (right to buy) $ 6.85 12/10/2009 D 20,000 ( 1 ) 10/25/2016 common stock no par value 20,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 20,000 ( 3 ) 10/25/2016 common stock no par value 20,000 ( 4 ) 20,000 D stock options (right to buy) $ 6.91 12/10/2009 D 5,000 ( 1 ) 02/27/2017 common stock no par value 5,000 ( 2 ) 0 D stock options (right to buy) $ 1.5 12/10/2009 A 5,000 ( 3 ) 02/27/2017 common stock no par value 5,000 ( 4 ) 5,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Holland Jayne Ellen 19500 JAMBOREE RD IRVINE, CA92612 Sr Vice President Signatures /s/ JAYNE E. HOLLAND 12/14/2009 Signature of Reporting Person Date

Explanation of Responses:

( 1 )such option becomes or became exercisable in cumulative installments, as to 20% of the total number of shares shown on each of the dates that are nine, eight, seven, six and five years prior, respectively, to the expiration date reported in column 6. To the extent such option was exercisable in part but not in full on December 30, 2005, it was amended on that date to become fully exercisable at that time. ( 2 )issued in consideration of the named person's services to the issuer. ( 3 )such option first becomes exercisable on June 10, 2010. At any time thereafter, such option will be exercisable with respect to that number of shares that would have been exercisable under the option described in the immediately preceding line of this Table II. ( 4 )issued in consideration of (i) the named person's services to the issuer and (ii) surrender to the issuer of the options described in the immediately preceding line of this Table II.

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).

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