SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Galante James L

(Last) (First) (Middle)
GP STRATEGIES CORPORATION
11000 BROKEN LAND PARKWAY SUITE 200

(Street)
COLUMBIA MD 21044

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/31/2020
3. Issuer Name and Ticker or Trading Symbol
GP STRATEGIES CORP [ GPX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & General Counsel
5. If Amendment, Date of Original Filed (Month/Day/Year)
09/03/2020
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 37,801(1) D
Common Stock 2,146 I GP 401(k) Plan(2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes 19,322 unvested restricted stock units and 3,479 shares of previously vested stock units awarded pursuant to the Registrant's 2011 Stock Incentive Plan.
2. Shares held in GP 401(k) Retirement Savings Plan.
Remarks:
This Form 3 amendment is being filed to correct the original Form 3 filed on September 3, 2020. The original Form 3 did not include the grant of restricted stock units under the Company's 2011 Stock Incentive Plan. The RSUs will vest on the third anniversary of the grant date if the volume weighted adjusted price per share of the Company's common stock exceeds certain levels for a period of 60 consecutive calendar days during the performance period. A tranche of RSUs will vest at VWAP representing each of a 25%, 50%, and 75% increase over VWAP of $8.37 on the grant date.
James L. Galante 12/30/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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