SEC Form 4 · accession 0001140361-16-089388
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suresh Sundaram
Director
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 4:47 pm EST
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,F2 | Dec 8, 2016 | A | 4,459 | $0.00 | A | 4,459 | D | |
| Common Stock | Dec 8, 2016 | P | 1,058 | $3.25 | A | 5,517 | D | |
| Common Stock | Dec 9, 2016 | P | 3,942 | $3.25 | A | 9,459 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Sundaram and the Issuer and are subject to forfeiture. The restricted share units awarded will vest at the earlier of June 7, 2017 or the date of the Issuer's 2017 Annual Meeting of Stockholders.
- F2These restricted share units were granted to Mr. Sundaram for his service as a member of the Board of Directors of the Issuer.