X0306 4 2016-12-08 0 0000944480 GSE SYSTEMS INC GVP 0001681718 Stanker James H C/O GSE SYSTEMS INC 1332 LONDONTOWN BLVD SYKESVILLE MD 21784 1 0 0 0 Common Stock 2016-12-08 4 A 0 5616 0 A 5616 D These shares of common stock represent restricted share units granted pursuant to a Restricted Share Unit Agreement between Mr. Stanker and the Issuer and are subject to forfeiture. The restricted share units awarded will vest at the earlier of June 7, 2017 or the date of the Issuer's 2017 Annual Meeting of Stockholders. These restricted share units were granted to Mr. Stanker for his service as a member of the Board of Directors of the Issuer. /s/ James H Stanker 2016-12-12