SEC Form 4 · accession 0001209191-17-048771
ION GEOPHYSICAL CORP · IO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jamey S Seely
Officer — EVP-Gen Counsel & Corp Sec'y
Period of report
Aug 10, 2017
Accepted (ET)
Aug 14, 2017 · 4:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866609
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 10, 2017 | M | 50,000 | $3.10 | A | 103,935 | D | |
| Common Stock | Aug 10, 2017 | D | 50,000 | $5.70 | D | 53,935 | D | |
| Common Stock | Aug 11, 2017 | M | 12,500 | $3.10 | A | 66,435 | D | |
| Common StockF2 | Aug 11, 2017 | S | 12,500 | $5.0207 | D | 53,935 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $3.10 | Aug 10, 2017 | M | 50,000 | D | Mar 1, 2017 | Mar 1, 2026 | Common Stock | 50,000 | 100,000 | D |
| Employee Stock Option (right to buy) | $3.10 | Aug 11, 2017 | M | 12,500 | D | Mar 1, 2017 | Mar 1, 2026 | Common Stock | 12,500 | 37,500 | D |
Explanation of responses
- F1Exercise of cash-settled SARs. In accordance with the rules for filing Form 4, the exercise of cash-settled SARs is treated as the simultaneous purchase of the number of shares for which SARs are exercised and the sale of the same number of shares. No shares actually changed hands.
- F2This transaction was executed in multiple trades at prices ranging from $4.85 to $5.30, 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.