SEC Form 4 · accession 0001140361-16-080413
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bahram Meyssami
Officer — Chief Technology Officer
Period of report
Sep 19, 2016
Accepted (ET)
Sep 21, 2016 · 4:21 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 StockF1 | Sep 19, 2016 | M | 48,000 | — | A | 106,000 | D | |
| Common StockF1 | Sep 19, 2016 | F | 17,750 | — | D | 88,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1 | — | Sep 19, 2016 | M | 48,000 | A | — | Nov 30, 2021 | Common Stock | 48,000 | 152,000 | D |
Explanation of responses
- F1Each performance right represents a contingent right to receive one share of Issuer Common Stock 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.