GSE SYSTEMS INC 4
4 · GSE SYSTEMS INC · Filed Sep 21, 2016
Insider Transaction Report
Form 4
Fendley Michael Wayne
VP Services
Transactions
- Exercise/Conversion
Common Stock
2016-09-19+20,000→ 20,000 total - Tax Payment
Common Stock
2016-09-19−6,517→ 13,483 total - Exercise/Conversion
Performance Rights
2016-09-19−20,000→ 0 totalExp: 2021-10-30→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Each performance right represents a contingent right to receive one share of Issuer Common Stock 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.
- [F2]The acquisition of the performance rights was originally reported in Table I on March 24, 2016. An amendment to the performance rights changing a 90 consecutive day trading period to a 30 consecutive day trading period for purposes of determining vesting was subsequently reported in Table II on July 1, 2016. Following the reported transaction, the reporting person beneficially owns 13,843 shares of Issuer Common Stock.