SEC Form 4 · accession 0001140361-16-080334
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Paul Abbott
Officer — Sr. Vice President
Period of report
Sep 2, 2016
Accepted (ET)
Sep 20, 2016 · 5:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000944480
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1,F2 | — | Sep 2, 2016 | A | 10,000 | A | — | Dec 31, 2022 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Each performance right represents a contingent right to receive one share of Issuer Common Stock.
- F2The performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer's Common Stock as quoted on the NYSE MKT exceeds $2.50 for a 30 consecutive trading day period.