UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Feldman, Jerome I.
145 West Patent Road
Bedford Hills, NY 10507
2. Issuer Name and Ticker or Trading Symbol
GP STRATEGIES CORPORATION
(GPX)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
September 22, 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |9/22/9|M | |21,012 |A |$7.69 | | | |
|9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|9/22/9|S | |24,372 |D |(1) |0 | | |
|9 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock | | | | | | |526 |I |By Spouse |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock | | | | | | |647 |I |By Daughter |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$7.69 |9/22/|M | |21,012 |D |12/31|12/31|Common Stock|21,012 | |0 |D | |
(Right to Buy) | |99 | | | | |/96 |/99 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$9.98 |9/22/|S | |25,000 |D |12/15|12/15|Common Stock|25,000 |(1) |0 |D | |
(Right to Buy) | |99 | | | | |/97 |/02 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$8.50 |9/22/|S | |62,500 |D |05/19|05/19|Common Stock|62,500 |(1) |0 |D | |
(Right to Buy) | |99 | | | | |/95 |/00 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$7.75 |9/22/|S | |93,828 |D |07/01|07/01|Common Stock|98,828 |(1) |0 |D | |
(Right to Buy) | |99 | | | | |/97 |/02 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$8.00 |9/22/|S | |46,377 |D |8/27/|8/27/|Common Stock|46,377 |(1) |53,623 |D | |
(Right to Buy) | |99 | | | | |99(2)|04 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$8.50 |9/22/|P | |62,500 |A |5/19/|05/19|Class B Capi|62,500 |(1) |62,500 |D | |
(Right to Buy) | |99 | | | | |95 |/00 |tal Stock | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |$8.69 |9/22/|P | |150,000 |A |11/19|11/19|Class B Capi|150,000|(1) |150,000 |D | |
(Right to Buy) | |99 | | | | |/96 |/01 |tal Stock | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) The filing person exchanged (i) 24,372 shares of Common Stock and options
to purchase 227,705 shares of
Common Stock for (ii) options to purchase 212,500 shares of Class B Capital
Stock.
(2) Reflects acceleration of vesting authorized on September 13,
1999.
SIGNATURE OF REPORTING PERSON
Jerome I. Feldman
DATE
October 8, 1999
