SEC Form 4 · accession 0001140361-17-000456
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean Martin Fuller
Officer — Sr VP
Period of report
Jan 1, 2017
Accepted (ET)
Jan 4, 2017 · 5:02 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 | Jan 1, 2017 | A | 6,915 | $0.00 | A | 17,915 | 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. Fuller and the Issuer and are subject to forfeiture. The restricted share units awarded vest in seven installments of 864 shares on each of the following dates: March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018, and September 30, 2018; and one installment of 867 shares on December 31, 2018.
- F2These restricted share units were granted to Mr. Fuller for his services as Sr. Vice President of the Issuer.