Filing Details

Accession Number:
0001209191-16-104274
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-02 13:28:09
Reporting Period:
2016-03-01
Filing Date:
2016-03-02
Accepted Time:
2016-03-02 13:28:09
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
866609 Ion Geophysical Corp IO Oil & Gas Field Exploration Services (1382) 222286646
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1297501 Brian R Hanson 2105 Citywest Boulevard
Suite 400
Houston TX 77042-2839
President & Ceo Yes 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
Common Stock Acquisiton 2016-03-01 50,000 $0.00 90,182 No 4 A Direct
Common Stock Acquisiton 2016-03-01 20,000 $3.84 110,182 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 666 Indirect Shares held by Spouse
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Appreciation Right $3.10 2026-03-01 300,000 300,000 Direct
Common Stock Employee Stock Option (right to buy) $3.10 2017-03-01 2026-03-01 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-03-01 300,000 300,000 Direct
2026-03-01 100,000 100,000 Direct
Footnotes
  1. Restricted Stock grant issued pursuant to the ION Geophysical Corporation Amended and Restated 2013 Long Term Incentive Plan. Shares will vest in three equal annual installments beginning the first anniversary of the transaction date in Column 2.
  2. As adjusted for the one-for-fifteen reverse stock split completed on 02/04/2016.
  3. This transaction was executed in multiple trades at prices ranging from $3.25 to $4.21, inclusive. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  4. Issued pursuant to the ION Geophysical Corporation Stock Appreciation Rights Plan. The SARs will vest in one-third increments upon the achievement of performance targets set at 20%, 25% and 30% appreciation of the 20-day volume weighted average price per share over the exercise price of the SAR. No SARs can be exercised prior to the first anniversary of the grant date. Beginning on the first anniversary date, SARs can be exercised up to one-third per year.
  5. Issued pursuant to the ION Geophysical Corporation Amended and Restated 2013 Long Term Incentive Plan and become exercisable in four equal annual installments beginning on the date specified in Column 6.