0001140361-16-071660.txt : 20160705
0001140361-16-071660.hdr.sgml : 20160705
20160705184505
ACCESSION NUMBER: 0001140361-16-071660
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160701
FILED AS OF DATE: 20160705
DATE AS OF CHANGE: 20160705
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: Pepe Emmett Anthony
CENTRAL INDEX KEY: 0001678778
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14785
FILM NUMBER: 161752020
MAIL ADDRESS:
STREET 1: 1515 JUDD COURT
CITY: HERNDON
STATE: VA
ZIP: 20170
4
1
doc1.xml
FORM 4
X0306
4
2016-07-01
0
0000944480
GSE SYSTEMS INC
GVP
0001678778
Pepe Emmett Anthony
C/O GSE SYSTEMS, INC
1332 LONDONTOWN BLVD
SYKESVILLE
MD
21784
0
1
0
0
Chief Financial Officer
Performance Rights
2016-07-01
4
A
0
48000
0
A
2022-12-31
Common Stock
48000
48000
D
Performance Rights
2016-07-01
4
A
0
48000
0
A
2022-12-31
Common Stock
48000
96000
D
Performance Rights
2016-07-01
4
A
0
48000
0
A
2022-12-31
Common Stock
48000
144000
D
Performance Rights
2016-07-01
4
A
0
56000
0
A
2022-12-31
Common Stock
56000
200000
D
Each performance right represents a contingent right to receive one share of Issuer Common Stock.
The performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer's Common Stock as quoted on the NYSE MKT exceeds $2.50 for a 30 consecutive trading day period.
The performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer 's Common Stock as quoted on the NYSE MKT exceeds $3.25 for a 30 consecutive trading day period.
The performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer's Common Stock as quoted on the NYSE MKT exceeds $4.25 for a 30 consecutive trading day period.
The performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer 's Common Stock as quoted on the NYSE MKT exceeds $6.00 for a 30 consecutive trading day period.
/s/ Emmett Anthony Pepe
2016-07-05