Mays Ray L 4

4 · Global Geophysical Services Inc · Filed Apr 29, 2010

Form 4

Period: 2010-04-27

V.P., U.S. Land Operations

Transactions

Other
Common Stock
2010-04-27+8,000→ 8,000 total
Other
Stock Option
2010-04-27+5,000→ 5,000 total
Exercise: $15.00From: 2010-12-31Exp: 2019-12-30→ Common Stock (5,000 underlying)
Other
Stock Option
2010-04-27+5,000→ 5,000 total
Exercise: $20.00From: 2010-12-31Exp: 2019-12-30→ Common Stock (5,000 underlying)
Other
Stock Option
2010-04-27+5,000→ 5,000 total
Exercise: $30.00From: 2010-12-31Exp: 2019-12-30→ Common Stock (5,000 underlying)
Other
Stock Option
2010-04-27+5,000→ 5,000 total
Exercise: $25.00From: 2010-12-31Exp: 2019-12-30→ Common Stock (5,000 underlying)
Other
Class B Common Stock
2010-04-27−8,000→ 0 total

Footnotes (3)

[F1]Pursuant to a reclassification exempt under Rule 16b-7, each share of Class A and B Common Stock and Preferred Stock are converting, immediately and automatically, into shares of Common Stock, as part of a recapitalization of the issuer's capital stock structure.
[F2]As of the filing date, none of these shares have vested. These shares will vest 25% on each of the following dates; December 31, 2010, December 31, 2011, December 31, 2012 and December 31, 2013.
[F3]Pursuant to the reclassification discussed in footnote 1, these options now convert to Common Stock instead of Class B Common Stock, only if and when exercised.

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