4//SEC Filing
GSE SYSTEMS INC 4
Accession 0001209191-06-045831
CIK 0000944480operating
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 5:58 PM ET
Size
14.4 KB
Accession
0001209191-06-045831
Insider Transaction Report
Form 4
Spectrum Galaxy Fund Ltd.
10% Owner
Transactions
- Purchase
Common Stock
2006-08-10$3.90/sh+15,400$60,040→ 45,400 total(indirect: See Footnote 2.) - Purchase
Common Stock
2006-08-11$3.92/sh+7,600$29,780→ 53,000 total(indirect: See Footnote 2.)
KAIZEN MANAGEMENT, L.P.
10% Owner
Transactions
- Purchase
Common Stock
2006-08-11$3.92/sh+7,600$29,780→ 53,000 total(indirect: See Footnote 2.) - Purchase
Common Stock
2006-08-10$3.90/sh+15,400$60,040→ 45,400 total(indirect: See Footnote 2.)
SELECT CONTRARIAN VALUE PARTNERS L P
10% Owner
Transactions
- Purchase
Common Stock
2006-08-10$3.90/sh+15,400$60,040→ 45,400 total(indirect: See Footnote 2.) - Purchase
Common Stock
2006-08-11$3.92/sh+7,600$29,780→ 53,000 total(indirect: See Footnote 2.)
BERRY DAVID W
10% Owner
Transactions
- Purchase
Common Stock
2006-08-11$3.92/sh+7,600$29,780→ 53,000 total(indirect: See Footnote 2.) - Purchase
Common Stock
2006-08-10$3.90/sh+15,400$60,040→ 45,400 total(indirect: See Footnote 2.)
Kaizen Capital, L.L.C.
10% Owner
Transactions
- Purchase
Common Stock
2006-08-10$3.90/sh+15,400$60,040→ 45,400 total(indirect: See Footnote 2.) - Purchase
Common Stock
2006-08-11$3.92/sh+7,600$29,780→ 53,000 total(indirect: See Footnote 2.)
Footnotes (2)
- [F1]This Form 4 is being filed by Select Contrarian Value Partners, L.P. ("Select"), Kaizen Management, L.P., as general partner of Select ("Management"), Kaizen Capital, L.L.C., as general partner of Management ("Capital"), David W. Berry, as the manager and member of Capital ("Berry"), and Spectrum Galaxy Fund Ltd. ("Spectrum").
- [F2]The transactions reported in this Form 4 were effected solely by Spectrum. By contract, Management serves as the sole investment manager to Kaizen Fundamental Value Fund, a separate class of shares of Spectrum, which is a company incorporated under the laws of the British Virgin Islands. In accordance with Instruction 4(b)(iv) of Form 4, all shares of common stock of GSE Systems, Inc. ("GSE") acquired by Spectrum are reported herein. Select, Management, Capital and Berry hereby disclaim, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, beneficial ownership of such shares, except to the extent of their respective pecuniary interest therein, if any. This report on Form 4 shall not be deemed to be an admission that any of Select, Management, Capital or Berry is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. Spectrum hereby disclaims beneficial ownership of all securities of GSE held by Select.
Documents
Issuer
GSE SYSTEMS INC
CIK 0000944480
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000944480
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 5:58 PM ET
- Size
- 14.4 KB