U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Bedford Oak Partners, L.P. -------------------------------------------------------------------------------- (Last) (First) (Middle) 100 South Bedford Road -------------------------------------------------------------------------------- (Street) Mount Kisco New York 10549 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol GP Strategies Corporation GPX -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Year July 11, 2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [x] Director [x] 10% Owner [_] Officer (give title below) [_] Other (specify below) -------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check applicable line) [_] Form filed by one Reporting Person [x] Form filed by more than one Reporting Person -------------------------------------------------------------------------------- ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

~~___________________________________________________________________________________________________________________________________~~6. ~~Table~~4. I5. Owner-- ~~Non-Derivative~~ Securities Acquired, ~~Disposed~~(A) ~~of,~~ or ~~Beneficially~~Amount ~~Owned | ___________________________________________________________________________________________________________________________________| 1. Title~~ of ~~Security~~ship ~~|2. |~~3. ~~|4.Securities~~Disposed ~~Acquired~~of (AD) ~~|5.Amount~~Securities ofForm: ~~|6.Dir |~~7.~~Nature~~ ~~of Indirect | |~~ Transaction |(Instr. or3, ~~Disposed~~4 ofand (D5) |Beneficially ~~Securities~~Direct ~~|ect~~Nature |of ~~Beneficial~~2. ~~Ownership~~Code |------------------------------- |Owned |at |End ~~| Beneficially |~~(D) or |Indirect |1. |Transaction |(Instr. |8) ~~| |~~ (A/|) |of ~~Owned~~Month atIndirect ~~|Indir~~Beneficial |Title |of |Security Date ~~|Code|V|~~------------ Amount |or ~~D |~~ Price |(Instr. ~~End~~3 ~~of Month |ect~~(I)| |Ownership ~~___________________________________________________________________________________________________________________________________|~~(Instr. ~~Common~~3) ~~Stock |6~~(mm/28dd/~~0|A~~yy) |Code ~~|135~~V ~~|A |$4.65 |203,296 |~~(D) |and |4) |2(Instr.4) |(Instr. |4) ~~| | | | | | |~~ -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- ~~Derivative~~Common ~~Securitites~~Stock Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7~~.Title and Amount |8.Price|9.Number |10.|~~/11~~.Nature~~/02 ~~of|~~A ~~Security~~135 |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or$4.65 ~~Dis~~135 ~~|Date(Month/| |Secu |Securities |(~~D~~)|Ownership~~ ~~| |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva~~- ~~| | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer~~-~~|ation| Title and Number | |Owned at |ire| | |Secu~~---------------------------------------------------------------------------------------------------------------------------------- |Common |Stock |2,131,500 |I |* ~~D |cisa~~-~~|Date~~----------------------------------------------------------------------------------------------------------------------------------- |Class ofB ~~Shares~~Capital |Stock ~~|End~~500 ~~of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(~~I)| |* ~~___________________________________________________________________________________________________________________________________|~~------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ |------------------------------------------------------------------------------------------------------------------------------------ ~~| | | | | | | ___________________________________________________________________________________________________________________________________|~~====================================================================================================================================

* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) (Form 4-07/99) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: *Shares owned directly by Bedford Oak Partners, L.P. (the "Partnership"). A portion of these securities may also be deemed to be beneficiall owned by Bedford Oak Management, LLC, the general partner of the Partnership (the "General Partner") and by Mr. Harvey P. Eisen, the Managing Member of the General Partner, in accordance with the respective "pecuniary interests" of such persons (within the meaning of Exchange Act Rule 16a-1(a)(2)). An affiliated entity, Bedford Oak Advisors, LLC, as investment manager of the Partnership ("Advisors"), has the power to vote and dispose of such shares but has no pecuniary interest therein. The General Partner and Mr. Eisen disclaim any beneficial interest in such securities in excell of such pecuniary interest. Bedford Oak Partners, L.P. By: Harvey P. Eisen, Managing Member of General Partner Bedofrd Oak Management, LLC Bedford Oak Advisors, LLC By: Harvey P. Eisen, Managing Member By: Harvey P. Eisen August 12, 2002 --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** 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 provided is insufficient, see Instruction 6 for procedure. Page 2

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