SELLERS WALLACE O 4

4 · NATURAL GAS SERVICES GROUP INC · Filed Feb 2, 2005

Form 4

Period: 2005-01-31

Director10% Owner

Transactions

Exercise of In-Money
Common Stock
2005-01-31$2.50/sh+21,936$54,840→ 21,936 total
Exercise of In-Money
Common Stock
2005-01-31$3.25/sh+9,032$29,354→ 9,032 total
Exercise of In-Money
Stock Warrant (right to buy)
2005-01-31−21,936→ 0 total
Exercise: $2.50From: 2001-03-31Exp: 2006-12-31→ Common Stock (21,936 underlying)
Exercise of In-Money
Stock Warrant (right to buy)
2005-01-31−9,032→ 0 total
Exercise: $3.25From: 2002-04-24Exp: 2007-04-23→ Common Stock (9,032 underlying)

Holdings

Common Stock
(indirect: By Trust)
196,091
Common Stock
103,909
Common Stock
(indirect: By Spouse)
158,600
Nonqualified Stock Option (right to buy)
Exercise: $3.88From: 2002-12-31Exp: 2012-12-31→ Common Stock (2,500 underlying)
2,500

Footnotes (3)

[F1]These shares are held and registered in the name of a trust entitled "Trust under deed of Wallace O. Sellers dated June 21, 1991," under which the reporting person's spouse, Naudain Sellers, is a contingent remainder beneficiary. An unrelated third party serves as trustee of this Trust and possesses exclusive control over the investment of the securities therein. The reporting person disclaims beneficial ownership of these securities, and the filing is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
[F2]These shares are held by and registered in the name of a trust entitled "Trust under deed of Wallace O. Sellers dated June 22, 1971," under which the reporting person's spouse, Naudain Sellers, is a beneficiary during her lifetime. An unrelated third party serves as trustee of this Trust and possesses exclusive control over the investment of the securities therein. The reporting person disclaims beneficial ownership of these securities, and the filing is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
[F3]Such options were granted to the reporting person under the Natural Gas 1998 Stock Option Plan.

Documents

1 file