Pugh Daniel Warren - 23 Jun 2021 Form 4 Insider Report for GSE SYSTEMS INC

Role
Chief Legal & Risk Officer
Signature
/s/ Daniel Warren Pugh
Issuer symbol
N/A
Transactions as of
23 Jun 2021
Net transactions value
$0
Form type
4
Filing time
25 Jun 2021, 16:18:08 UTC
Previous filing
22 Jun 2021
Next filing
02 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GVP Common Stock Award $0 +42,614 +55% $0.000000 119,803 18 Jun 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Pugh and the Issuer and are subject to forfeiture. The restricted share units awarded vest in one installment of 7,102 shares on June 30, 2021, nine installments of 3,551 shares on each of September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, and September 30, 2023; and one installment of 3,553 shares on December 31, 2023.
F2 These restricted share units were granted to Mr. Pugh for his services as the Chief Legal & Risk Officer of the Issuer.