SEC Form 4 · accession 0001140361-15-029890
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher D. Sorrells
Director
Period of report
Aug 3, 2015
Accepted (ET)
Aug 5, 2015 · 12:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944480
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per shareF1 | Aug 3, 2015 | A | 10,000 | $0.00 | A | 10,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock OptionF2 | $1.55 | Aug 3, 2015 | A | 10,000 | A | — | Aug 3, 2022 | Common Stock | 10,000 | 50,000 | D |
Explanation of responses
- F1Awarded pursuant to the Company's 1995 Long-term Incentive Plan
- F2Exercisable as follows: 4,000 8/3/2016; 3,000 8/3/2017; 3,000 8/3/2018