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Filing Details

Accession Number:: 0000902664-21-004274
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-20 18:21:24
Reporting Period:: 2021-09-16

Accepted Time:: 2021-09-20 18:21:24
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	Director	Officer	Large Shareholder	Other
1312908	Gates Capital Management, Inc.	1177 Ave. Of The Americas 46Th Floor New York NY 10036	No	No	Yes	No
1394416	L Jeffrey Gates	1177 Avenue Of The Americas 46Th Floor New York NY 10036	No	No	Yes	No
1630228	Gates Capital Management, L.p.	1177 Avenue Of The Americas 46Th Floor New York NY 10036	No	No	Yes	No
1714043	Gates Capital Management Gp, Llc	1177 Avenue Of The Americas 46Th Floor New York NY 10036	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share ("Common Stock")	Disposition	2021-09-16	968,747	$1.63	3,744,607	No	4	S	Indirect	See footnote
Common Stock	Disposition	2021-09-17	241,084	$1.45	3,503,523	No	4	S	Indirect	See footnote
Common Stock	Disposition	2021-09-20	202,420	$1.34	3,301,103	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.51 to $1.79, inclusive. The Reporting Persons undertake to provide to ION Geophysical Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.43 to $1.47, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.32 to $1.36, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Gates Capital Management, L.P. ("Gates Capital"), acts as the investment manager to certain funds (the "Gates Capital Funds") directly holding the securities reported herein. Gates Capital Management GP, LLC (the "General Partner") is the general partner of Gates Capital. Gates Capital Management, Inc. (the "Corporation"), is the managing member of the General Partner. Jeffrey L. Gates serves as President of the Corporation. Each of Gates Capital, the General Partner, the Corporation and Jeffrey L. Gates, may be deemed to share beneficial ownership of the securities reported herein. Each of Gates Capital, the General Partner, the Corporation and Jeffrey L. Gates, disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interests therein, if any.