SEC Form 4 · accession 0001567619-19-002830
GSE SYSTEMS INC · GVP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Abbott
Officer — President, NITC Division
Period of report
Feb 7, 2019
Accepted (ET)
Feb 8, 2019 · 4:53 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 | Feb 7, 2019 | A | 10,000 | $0.00 | A | 141,932 | 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. Abbott and the Issuer and are subject to forfeiture. The restricted share units awarded vest in eight installments of 1,250 shares on each of the following dates: March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020, June 30, 2020, September 30, 2020, and December 31, 2020.
- F2These restricted share units were granted to Mr. Abbott for his services as the President, NITC Division of the Issuer.