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