Filing Details

Accession Number:
0001446732-10-000078
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-16 12:42:56
Reporting Period:
2010-12-14
Filing Date:
2010-12-16
Accepted Time:
2010-12-16 12:42:56
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
314606 Geokinetics Inc GOK Crude Petroleum & Natural Gas (1311) 941690082
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
902053 Asa Services Geo Petroleum Strandveien 4
P.o. Box 89
N-1326 Lysaker Q8
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Series D Junior Preferred Stock Acquisiton 2010-12-14 40,000 $0.00 40,000 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrant to Purchase Common Stock (right to buy) Acquisiton 2010-12-14 1,165,000 $0.00 1,165,000 $9.64
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,165,000 2010-12-14 2016-12-15 No 4 P Direct
Footnotes
  1. Pursuant to the Series D and Warrant Purchase Agreement dated as of December 14, 2010 (the "Purchase Agreement") by and among Geokinetics Inc. ("Geokinetics"), Petroleum Geo-Services ASA ("PGS ASA"), Petroleum Geo-Services, Inc. ("PGS Inc.") and the other purchasers identified therein, (i) PGS Inc. purchased 40,000 shares of Series D Junior Preferred Stock of Geokinetics (the "Series D Preferred Stock") and (ii) PGS ASA purchased warrants to purchase up to 1,165,000 shares of Common Stock of Geokinetics (the "Warrants") in exchange for the aggregate purchase price of $10,000,000. On or before December 31, 2010, an allocation of the purchase price between the Series D Preferred Stock and the Warrants will be determined among the parties to the Purchase Agreement.
  2. The Series D Preferred Stock is owned directly by PGS Inc., and indirectly by PGS ASA as the parent of PGS Inc.