FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Loudermilk Kyle Justin 2. Date of Event Requiring Statement (Month/Day/Year) 08/03/2015 3. Issuer Name and Ticker or Trading Symbol GSE SYSTEMS INC [GVP] (Last) (First) (Middle) GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer & Pres 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) SYKESVILLE, MD 21784 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (1)	  (2)	06/30/2021	Common Stock	200,000	$ (2)	D	Â
Restricted Stock Units (1)	  (3)	06/30/2021	Common Stock	200,000	$ (3)	D	Â
Restricted Stock Units (1)	  (4)	06/30/2021	Common Stock	200,000	$ (4)	D	Â
Restricted Stock Units (1)	  (5)	06/30/2021	Common Stock	250,000	$ (5)	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Loudermilk Kyle Justin GSE SYSTEMS, INC 1332 LONDONTOWN BLVD SYKESVILLE, MD 21784	  X	Â	  Chief Executive Officer & Pres	Â

Signatures

/s/ Kyle Justin Loudermilk		08/06/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.
(2)	The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $2.50 for a 90 consecutive trading day period.
(3)	The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $3.25 for a 90 consecutive trading day period.
(4)	The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $4.25 for a 90 consecutive trading day period.
(5)	The Restricted Stock Units will vest in their entirety if the Volume Weighted Average Price of the Company's Common Stock as quoted on the NYSE MKT exceeds $6.00 for a 90 consecutive trading day period.

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