Filing Details

Accession Number:
0001104659-10-023483
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-04-29 13:00:00
Reporting Period:
2010-04-27
Filing Date:
2010-04-29
Accepted Time:
2010-04-29 18:49:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1311486 Global Geophysical Services Inc GGS Oil & Gas Field Exploration Services (1382) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1480130 L Kirk Girouard C/O Global Geophysical Services, Inc.
13927 South Gessner Road
Missouri City TX 77489
V.p., South America No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2010-04-27 260,000 $0.00 0 No 4 J Direct
Class B Common Stock Disposition 2010-04-27 119,900 $0.00 0 No 4 J Direct
Common Stock Acquisiton 2010-04-27 379,900 $0.00 379,900 No 4 J Direct
Common Stock Disposition 2010-04-27 18,722 $12.00 361,178 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 J Direct
No 4 J Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option Acquisiton 2010-04-27 8,000 $0.00 8,000 $15.00
Common Stock Stock Option Acquisiton 2010-04-27 8,000 $0.00 8,000 $20.00
Common Stock Stock Option Acquisiton 2010-04-27 16,000 $0.00 16,000 $25.00
Common Stock Stock Option Acquisiton 2010-04-27 16,000 $0.00 16,000 $30.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,000 2008-06-30 2017-06-03 No 4 J Direct
8,000 2008-06-30 2017-06-03 No 4 J Direct
16,000 2008-06-30 2017-06-03 No 4 J Direct
16,000 2008-06-30 2017-06-03 No 4 J Direct
Footnotes
  1. Pursuant to a reclassification exempt under Rule 16b-7, each share of Class A and B Common Stock and Preferred Stock are converting, immediately and automatically, into shares of Common Stock, as part of a recapitalization of the issuer's capital stock structure.
  2. As of the transaction date, 50% of these shares have vested. On June 30, 2010 an additional 25% will vest and the final 25% will vest on June 30, 2011.
  3. Pursuant to the reclassification discussed in footnote 1, these options now convert to Common Stock instead of Class B Common Stock, only if and when exercised.