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GPX GP Strategies Corp

20.85
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
GP Strategies Corp NYSE:GPX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.85 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

06/01/2021 9:16pm

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Galante James L
2. Issuer Name and Ticker or Trading Symbol

GP STRATEGIES CORP [ GPX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP & General Counsel
(Last)          (First)          (Middle)

GP STRATEGIES CORPORATION, 11000 BROKEN LAND PARKWAY SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

1/4/2021
(Street)

COLUMBIA, MD 21044
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1/4/2021  A  18836 A$0 (1)41502 D  
Common Stock 1/4/2021  A  5692 A$0 (2)47194 D  
Common Stock         2146 I GP 401(k) Plan (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Galante James L
GP STRATEGIES CORPORATION
11000 BROKEN LAND PARKWAY SUITE 300
COLUMBIA, MD 21044


SVP & General Counsel

Signatures
James L. Galante1/6/2021
**Signature of Reporting PersonDate

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