GSE SYSTEMS INC 4
4 · GSE SYSTEMS INC · Filed Nov 6, 2015
Insider Transaction Report
Form 4
Hough Jeffery G
Sr. VP & CFO
Transactions
- Award
Restricted Stock Units
2015-10-30+20,000→ 25,741 total
Footnotes (1)
- [F1]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 following conditions are satisfied: (a)(i) Mr. Hough shall be employed by the Company at the time that (ii) 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 prior to October 30, 2021; or (b)(i) Mr. Hough shall be employed by the Company, (ii) a Change of Control occurs prior to October 30, 2021, and (iii) the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT is greater than or equal to $2.50 for the ten trading day period ending on the trading day immediately prior to the effective date of the Change in Control.