SEC Form 4 · accession 0001209191-18-038782
ION GEOPHYSICAL CORP · IO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Brian Hanson
Officer — President & CEO · Director
Period of report
Jun 18, 2018
Accepted (ET)
Jun 20, 2018 · 4:41 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 |
|---|---|---|---|---|---|---|---|---|
| New Common StockF2 | Jun 18, 2018 | S | 57,028 | $22.7382 | D | 91,392 | D | |
| New Common Stock | Jun 19, 2018 | S | 667 | $22.50 | D | 90,725 | D | |
| New Common Stock | holding | — | — | — | 666 | I | Shares held by Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale of significantly higher cost basis stock acquired since 2013 as a personal tax strategy. Shares were sold as part of an existing 10b5-1 plan initiated in 2017.
- F2This transaction was executed in multiple trades at prices ranging from $22.50 to $23.30, 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.