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Filing Details

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	13927 S. Gessner Rd. Missouri City TX 77489	Vp, 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
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	119,800	$0.00	0	No	4	J	Direct
Common Stock	Acquisiton	2010-04-27	379,800	$0.00	379,800	No	4	J	Direct
Common Stock	Disposition	2010-04-27	18,722	$12.00	361,078	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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

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.
As of the initial transaction date, 50% of these shares were vested. On June 30, 2010 an additional 25% vested and the final 25% will vest on June 30, 2011.
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.
This footnote is to clarify that, due to a clerical error, the Form 4 originally filed to report these transactions did not correctly reflect the number of shares held by the reporting person; more specifically, the number of Class B Common Stock was incorrectly reported as 119,900 instead of 119,800. As such, all subsequent transactions needed to be adjusted to indicate 100 shares less than previously reported.