4//SEC Filing
Abbott Paul 4
Accession 0001140361-17-043111
CIK 0000944480other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 4:49 PM ET
Size
8.1 KB
Accession
0001140361-17-043111
Insider Transaction Report
Form 4
Abbott Paul
Sr. Vice President
Transactions
- Award
Common Stock
2017-11-15+100,000→ 141,002 total - Award
Performance Rights
2017-11-15+100,000→ 100,000 totalExp: 2022-11-15→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Abbott and the Issuer and are subject to forfeiture. The restricted share units awarded vest in eleven installments of 8,333 shares on each of the following dates: March 31, 2018, June 30, 2018, September 30, 2018, December 31, 2018, March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020, June 30, 2020, and September 30, 2020; and one installment of 8,337 shares on December 31, 2020.
- [F2]These restricted share units were granted to Mr. Abbott for assuming the position of President, Nuclear Industry Training and Consulting Division of the Issuer.
- [F3]The performance rights were granted to Mr. Abbott for his assuming the position of President, Nuclear Industry Training and Consulting Division of the Issuer. Each performance right represents a contingent right to receive one share of Issuer Common Stock. The performance rights vest as follows: 50,000 performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer's Common Stock as quoted on the NYSE American exceeds $4.25 for a 30 consecutive trading day period, and 50,000 performance rights will vest in their entirety if the Volume Weighted Average Price of the Issuer's Common Stock as quoted on the NYSE American exceeds $6.00 for a 30 consecutive trading day period.
Documents
Issuer
GSE SYSTEMS INC
CIK 0000944480
Entity typeother
Related Parties
1- filerCIK 0001660027
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 4:49 PM ET
- Size
- 8.1 KB