GSE SYSTEMS INC 4
4 · GSE SYSTEMS INC · Filed Mar 22, 2016
Insider Transaction Report
Form 4
Fuller Sean Martin
Sr VP, Sales
Transactions
- Award
Common Stock
2016-03-21+100,000→ 100,000 total
Footnotes (2)
- [F1]These shares of common stock represent restricted share units granted pursuant to a restricted share unit agreement between Mr. Fuller and the Issuer. The restricted share units awarded will vest in installments of (a) 16,863 shares when the volume weighted average price of the common stock exceeds $2.50 for a 90 consecutive day trading period, (b) 26,863 shares when the volume weighted average price of the common stock exceeds $3.25 for a 90 consecutive day trading period, (c) 26,863 shares when the volume weighted average price of the common stock exceeds $4.25 for a 90 consecutive day trading period, and (d) 29411 shares when the volume weighted average price of the common stock exceeds $6.00 for a 90 consecutive day trading period.
- [F2]These restricted share units were granted to Mr. Fuller for his services as Senior Vice President, Sales of the Issuer.