0001140361-24-017352.txt : 20240402
0001140361-24-017352.hdr.sgml : 20240402
20240402195337
ACCESSION NUMBER: 0001140361-24-017352
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201229
FILED AS OF DATE: 20240402
DATE AS OF CHANGE: 20240402
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KOONCE CALVIN SCOTT
CENTRAL INDEX KEY: 0001026013
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-03676
FILM NUMBER: 24816459
MAIL ADDRESS:
STREET 1: 6229 EXECUTIVE BOULEVARD
CITY: ROCKVILLE
STATE: MD
ZIP: 20852
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VSE CORP
CENTRAL INDEX KEY: 0000102752
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 540649263
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6348 WALKER LANE
CITY: ALEXANDRIA
STATE: VA
ZIP: 22310
BUSINESS PHONE: 7039604600
MAIL ADDRESS:
STREET 1: 6348 WALKER LANE
CITY: ALEXANDRIA
STATE: VA
ZIP: 22310
FORMER COMPANY:
FORMER CONFORMED NAME: VALUE ENGINEERING CO
DATE OF NAME CHANGE: 19790612
5
1
form5.xml
FORM 5
X0508
5
2020-12-29
0
0
0000102752
VSE CORP
VSEC
0001026013
KOONCE CALVIN SCOTT
6229 EXECUTIVE BOULEVARD
ROCKVILLE
MD
20852
true
true
false
Common Stock, par value $.05
1341052
D
Common Stock, par value $.05
20000
I
See footnote
Common Stock, par value $.05
2020-11-29
5
G
0
501584
0
D
501584
I
See footnote
Represents shares of Common Stock held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of any of the shares of Common Stock of the Issuer held by the Reporting Person's spouse, except to the extent of his pecuniary interest therein, if any.
The reported transaction was three contemporaneous gifts by assignment of a 32 2/3% membership interest (for an aggregate of 98% membership interest) in Koonce LLC, a family limited liability company ("LLC"), to each of three trusts for the benefit of the Reporting Person's descendants effected solely for family investment planning purposes. Each gift was subject to a gift agreement limiting the fair market value ("FMV") of each gift to 1/3 of the then existing exclusion amount of the Reporting Person and his spouse under Section 2010(c)(3)(C) of the Internal Revenue Code of 1986, as amended. Determination of FMV was made by an independent valuation firm which determined that the percentage gifted to each trust was 31.52% of the LLC which approximated to an indirect pecuniary interest in 158,099 shares of Common Stock (for an approximate aggregate indirect pecuniary interest of 474,297 shares of Common Stock).
Pursuant to General Instruction 4(b)(iv) of Form 5, the entire amount of the LLC's interest in the Common Stock of the Issuer is being reported. The Reporting Person disclaims beneficial ownership of any of the shares of Common Stock of the Issuer held by the LLC, except to the extent of his pecuniary interest therein, if any.
Represents shares of Common Stock held by the LLC.
/s/ Calvin S. Koonce
2024-04-01