SEC Form 4 · accession 0001140361-18-000452
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
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 4:18 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 | Dec 31, 2017 | F | 285 | $3.25 | D | 33,363 | D | |
| Common StockF2,F3 | Jan 1, 2018 | A | 7,500 | $0.00 | A | 40,863 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld by the Issuer for payment of applicable taxes owed due to the vesting of 864 restricted share units pursuant to the restricted share unit agreement between the Reporting Person and the issuer.
- F2These 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 three installments of 2,500 shares on each of the following dates: January 1, 2019, January 1, 2020, and January 1, 2021.
- F3These restricted share units were granted to Mr. Fuller for his services as Sr. Vice President of the Issuer.