SEC Form 4 · accession 0001209191-18-039544
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 22, 2018
Accepted (ET)
Jun 26, 2018 · 7:58 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 22, 2018 | S | 41,351 | $22.705 | D | 50,040 | D | |
| New Common StockF3 | Jun 22, 2018 | S | 6,409 | $23.492 | D | 43,631 | D | |
| New Common Stock | Jun 22, 2018 | M | 50,000 | $3.10 | A | 93,631 | D | |
| New Common StockF4 | Jun 22, 2018 | S | 50,000 | $23.534 | D | 43,631 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F5 | $3.10 | Jun 22, 2018 | M | 50,000 | D | — | Mar 1, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to an existing Rule 10b5-1 trading plan initiated in 2017.
- F2This transaction was executed in multiple trades at prices ranging from $22.50 to $23.25, 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.
- F3This transaction was executed in multiple trades at prices ranging from $23.40 to $23.525, 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.
- F4This transaction was executed in multiple trades at prices ranging from $22.50 to $22.70, 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.
- F5The option vests in four equal installments on March 1, 2017, 2018, 2019 and 2020.