0001140361-15-030098.txt : 20150806 0001140361-15-030098.hdr.sgml : 20150806 20150806102539 ACCESSION NUMBER: 0001140361-15-030098 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150803 FILED AS OF DATE: 20150806 DATE AS OF CHANGE: 20150806 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GSE SYSTEMS INC CENTRAL INDEX KEY: 0000944480 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 521868008 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1332 LONDONTOWN BLVD CITY: SYKESVILLE STATE: MD ZIP: 21784 BUSINESS PHONE: 4109707874 MAIL ADDRESS: STREET 1: 1332 LONDONTOWN BLVD CITY: SYKESVILLE STATE: MD ZIP: 21784 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Loudermilk Kyle Justin CENTRAL INDEX KEY: 0001649892 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14785 FILM NUMBER: 151031601 MAIL ADDRESS: STREET 1: 3525 WOODBINE STREET CITY: CHEVY CHASE STATE: MD ZIP: 20815 3 1 doc1.xml FORM 3 X0206 3 2015-08-03 0 0000944480 GSE SYSTEMS INC GVP 0001649892 Loudermilk Kyle Justin GSE SYSTEMS, INC 1332 LONDONTOWN BLVD SYKESVILLE MD 21784 1 1 0 0 Chief Executive Officer & Pres Restricted Stock Units 2021-06-30 Common Stock 200000 D Restricted Stock Units 2021-06-30 Common Stock 200000 D Restricted Stock Units 2021-06-30 Common Stock 200000 D Restricted Stock Units 2021-06-30 Common Stock 250000 D Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit. The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $2.50 for a 90 consecutive trading day period. The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $3.25 for a 90 consecutive trading day period. The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $4.25 for a 90 consecutive trading day period. The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $6.00 for a 90 consecutive trading day period. /s/ Kyle Justin Loudermilk 2015-08-06