SEC Form 4 · accession 0001140361-17-002867
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
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 4:35 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 | Jan 23, 2017 | M | 48,000 | — | A | 153,499 | D | |
| Common Stock | Jan 23, 2017 | F | 19,191 | $3.10 | D | 134,308 | 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 | — | Jan 23, 2017 | M | 48,000 | A | — | Nov 30, 2021 | Common Stock | 48,000 | 104,000 | 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 $3.25 for a 30 consecutive trading day period.