SEC Form 4 · accession 0001405086-15-000003
GP STRATEGIES CORP · GPX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1,F2 | Dec 31, 2014 | A | 500 | $0.00 | A | 3,514,274 | I | SEE FOOTNOTE |
Table II — derivative securities
Explanation of responses
- F1Represents a portion of the quarterly director fees for Dan Friedberg, President of GP and Sagard Management, for the quarter ended December 31, 2014, which were paid in shares of the Issuer's Common Stock directly to Sagard.
- F2Sagard is the direct beneficial owner of 3,514,274 Shares. GP and Sagard Management are indirect beneficial owners of 3,514,274 Shares. Each of the Reporting Persons disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of the securities reported herein except to the extent of its pecuniary interest therein.
Remarks
This Form 4 is being filed by Sagard Capital Partners, L.P., a Delaware limited partnership ("Sagard"), Sagard Capital Partners GP, Inc., a Delaware corporation ("GP"), and Sagard Capital Partners Management Corp., a Delaware corporation ("Sagard Management," and together with Sagard and GP, the "Reporting Persons"). As a result of direct and indirect securities holdings, Power Corporation of Canada and The Desmarais Family Residuary Trust (the "Trust"), which was formed under the Last Will and Testament of Paul G. Desmarais, may be deemed (i) to control the Reporting Persons, although the filing of this Form 4 shall not be construed as an admission that any such control relationship actually exists, and (ii) to beneficially own the securities reported herein. Each of Power Corporation of Canada, the Trust and the trustees of the Trust disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.