Forrest Michael C 4
4 · Global Geophysical Services Inc · Filed Apr 29, 2010
Insider Transaction Report
Form 4
Forrest Michael C
Director
Transactions
- Other
Common Stock
2010-04-27+190,000→ 190,000 total(indirect: By Trust) - Other
Preferred Stock
2010-04-27−150,000→ 0 total(indirect: By Trust)→ Common Stock (150,000 underlying) - Other
Stock Option
2010-04-27+10,000→ 10,000 totalExercise: $15.00From: 2008-10-31Exp: 2017-10-28→ Common Stock (10,000 underlying) - Other
Class B Common Stock
2010-04-27−40,000→ 40,000 total(indirect: By Trust)
Footnotes (4)
- [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, 50% of these shares have vested. The remainder of these shares will vest 25% on each of the following dates; October 31, 2010 and October 31, 2011.
- [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.
- [F4]The Convertible Preferred Stock is immediately exercisable and does not have an expiration date.