Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Adams Chris
  2. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES INC [CPSS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1466 MONASTERY DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2014
(Street)

LATROBE, PA 15650
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
common stock, no par value 03/27/2014   M   12,000 A $ 1.81 56,000 D  
common stock, no par value 03/27/2014   F(1)   3,081 D $ 7.05 52,919 D  
common stock, no par value 03/27/2014   M   18,000 A $ 1.2 70,919 D  
common stock, no par value 03/27/2014   F(2)   3,064 D $ 7.05 67,855 D  
common stock, no par value 03/27/2014   M   25,000 A $ 1.03 92,855 D  
common stock, no par value 03/27/2014   F(3)   3,653 D $ 7.05 89,202 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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 $ 1.81 03/27/2014   M     12,000 10/27/2010 04/27/2020 Common, no par value 12,000 (4) 0 D  
Stock Options $ 1.2 03/27/2014   M     18,000 10/03/2012 04/03/2022 Common, no par value 18,000 (4) 0 D  
Stock Options $ 1.03 03/27/2014   M     25,000 12/03/2011 06/03/2021 Common, no par value 25,000 (4) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Adams Chris
1466 MONASTERY DRIVE
LATROBE, PA 15650
  X      

Signatures

 /s/ Chris Adams   03/28/2014
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents a net exercise of outstanding stock options. The reporting person received 8,919 shares of common stock on net exercise of option to purchase 12,000 shares of common stock. The reporting person forfeited 3,081 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on March 27, 2014 of $7.05 per share.
(2) Represents a net exercise of outstanding stock options. The reporting person received 14,936 shares of common stock on net exercise of option to purchase 18,000 shares of common stock. The reporting person forfeited 3,064 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on March 27, 2014 of $7.05 per share.
(3) Represents a net exercise of outstanding stock options. The reporting person received 21,347 shares of common stock on net exercise of option to purchase 25,000 shares of common stock. The reporting person forfeited 3,653 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on March 27, 2014 of $7.05 per share.
(4) Issued in consideration of the named person's service as a director of the issuer.

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