Statement of Changes in Beneficial Ownership (4)
January 06 2021 - 4:17PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Maggio William J. |
2. Issuer Name and Ticker or Trading Symbol
GP STRATEGIES CORP
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GPX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President |
(Last)
(First)
(Middle)
11000 BROKEN LAND PARKWAY SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/4/2021 |
(Street)
COLUMBIA, MD 21044
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 1/4/2021 | | A | | 18836 | A | $0 (1) | 51697 | D | |
Common Stock | 1/4/2021 | | A | | 5060 | A | $0 (2) | 56757 | D | |
Common Stock | | | | | | | | 2634 | I | GP 401(k) Plan (3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Grant of performance-based restricted stock units under the Company's 2011 Stock Incentive Plan. The RSUs will vest on the third anniversary of the grant date if the volume weighted adjusted price per share of the Company's common stock exceeds certain levels for a period of 20 consecutive trading days during the performance period. A tranche of RSUs will vest at VWAP representing each of a 26%, 44%, and 73% increase over average VWAP of $11.95 over the 20 trading days preceding the grant date. |
(2) | Grant of restricted stock units under the Company's 2011 Stock Incentive Plan; the units vest 25% on each anniversary of the grant date provided that the individual's employment with the Corporation or its Affiliate (as defined in the 2011 Plan) is continuous from the date of grant through each of the vesting dates. |
(3) | Shares held in GP 401(k) Retirement Savings Plan. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Maggio William J. 11000 BROKEN LAND PARKWAY SUITE 300 COLUMBIA, MD 21044 |
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| Senior Vice President |
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Signatures
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William J. Maggio | | 1/6/2021 |
**Signature of Reporting Person | Date |
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