Karl Baer, Executive Vice President at GP Strategies Corporation (NYSE:GPX), made use of his Stock Appreciation Right on last September 4th to acquire 5,000 shares of Common Stock. These were acquired for a price of $7.27 each, for a total value of $36,350. On the same day, he made exercise of the same stock option to sell 2,553 shares at a price of $27,34 each, for a total value of $69,799. Following the filing, Mr. Baer directly owns 14,399 shares and indirectly owns 10,214 shares held in a GP 401(k) Retirement Savings Plan.
In the meantime, some of GP Strategies Corporation (NYSE:GPX)’s big hedge fund investors have decided to reduce its exposure to the global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services company. Chuck Royce’s fund, Royce and Associates –owner of 570,165 shares- and Jim Simons’s Renaissance Technologies –owner of 181,800 shares- have determined to do so by an 8% and 13% respectively.
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.