4//SEC Filing
BERRY DAVID W 4
Accession 0001209191-07-016095
CIK 0000944480other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 8:24 PM ET
Size
19.6 KB
Accession
0001209191-07-016095
Insider Transaction Report
Form 4
Kaizen Capital, L.L.C.
10% Owner
Transactions
- Conversion
Series A Cumulative Convertible Preferred Common Stock
2007-03-02−729,944→ 225,989 total(indirect: See Footnote)→ Common Stock (729,944 underlying) - Conversion
Common Stock
2007-03-02+729,944→ 1,293,003 total(indirect: See Footnote)
Spectrum Galaxy Fund Ltd.
10% Owner
Transactions
- Conversion
Common Stock
2007-03-02+729,944→ 1,293,003 total(indirect: See Footnote) - Conversion
Series A Cumulative Convertible Preferred Common Stock
2007-03-02−729,944→ 225,989 total(indirect: See Footnote)→ Common Stock (729,944 underlying)
KAIZEN MANAGEMENT, L.P.
10% Owner
Transactions
- Conversion
Common Stock
2007-03-02+729,944→ 1,293,003 total(indirect: See Footnote) - Conversion
Series A Cumulative Convertible Preferred Common Stock
2007-03-02−729,944→ 225,989 total(indirect: See Footnote)→ Common Stock (729,944 underlying)
SELECT CONTRARIAN VALUE PARTNERS L P
10% Owner
Transactions
- Conversion
Series A Cumulative Convertible Preferred Common Stock
2007-03-02−729,944→ 225,989 total(indirect: See Footnote)→ Common Stock (729,944 underlying) - Conversion
Common Stock
2007-03-02+729,944→ 1,293,003 total(indirect: See Footnote)
BERRY DAVID W
10% Owner
Transactions
- Conversion
Common Stock
2007-03-02+729,944→ 1,293,003 total(indirect: See Footnote) - Conversion
Series A Cumulative Convertible Preferred Common Stock
2007-03-02−729,944→ 225,989 total(indirect: See Footnote)→ Common Stock (729,944 underlying)
Footnotes (3)
- [F1]This statement is filed by and on behalf of 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]Each of the reporting persons states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this statement. Each of the reporting persons disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
- [F3]The transaction relates to a conversion of Series A Cumulative Convertible Preferred Common Stock of Issuer by Select.
Issuer
GSE SYSTEMS INC
CIK 0000944480
Entity typeother
Related Parties
1- filerCIK 0001356921
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 8:24 PM ET
- Size
- 19.6 KB