SEC Form 4 · accession 0001140361-17-000460
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gill R Grady
Officer — Sr. Vice President
Period of report
Jan 1, 2017
Accepted (ET)
Jan 4, 2017 · 5:04 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 | 7,651 | $0.00 | A | 12,596 | 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. Grady and the Issuer and are subject to forfeiture. The restricted share units awarded vest in two installments of 2,550 shares on each of the following dates: January 1, 2018, and January 1, 2019; and one installment of 2,551 shares on January 1, 2020.
- F2These restricted share units were granted to Mr. Grady for his services as Executive Vice President of the Issuer.