0001140361-16-058938.txt : 20160324
0001140361-16-058938.hdr.sgml : 20160324
20160324160344
ACCESSION NUMBER: 0001140361-16-058938
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160322
FILED AS OF DATE: 20160324
DATE AS OF CHANGE: 20160324
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: Fendley Michael Wayne
CENTRAL INDEX KEY: 0001670169
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14785
FILM NUMBER: 161527083
MAIL ADDRESS:
STREET 1: 107 TRACE CHAIN ROAD
CITY: WOODBINE
STATE: GA
ZIP: 31569
3
1
doc1.xml
FORM 3
X0206
3
2016-03-22
0
0000944480
GSE SYSTEMS INC
GVP
0001670169
Fendley Michael Wayne
C/O GSE SYSTEMS, INC.
1332 LONDONTOWN BLVD
SYKESVILLE
MD
21784
0
1
0
0
VP, Services
Common Stock
20000
D
Employee Stock Option (right to buy)
0
2018-11-11
Common Stock
20000
D
Employee Stock Option (right to buy)
0
2020-11-12
Common Stock
15000
D
On March 22, 2016, the Board of Directors of the Issuer made the determination that Mr. Fendley qualifies as an officer of the Issuer who performs a policy-making function, and therefore is an officer required to file Section 16 reports.
These shares of common stock represent restricted share units granted pursuant to a restricted share unit agreement between Mr. Fendley and the Issuer, dated October 30, 2015. The restricted share units awarded will vest when the volume weighted average price of the common stock exceeds $2.50 for a 90 consecutive day trading period. These restricted share units were granted to Mr. Fendley pursuant to the Company incentive plan in connection with his execution of a Confidentiality Agreement on October 28, 2015.
Exercisable as follows: 4,000 11/11/2012; 4,000 11/11/2013; 4,000 11/11/2014; 4,000 11/11/2015; 4,000 11/11/2016
Exercisable as follows: 6,000 11/12/2014; 4,500 11/12/2015; 4,500 11/12/2016
/s/ Michael Wayne Fendley
2016-03-24