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4//SEC Filing

Degner Richard A 4

Accession 0001104659-10-023485

CIK 0001311486other
View on SEC.govCompany Profile

Filed

Apr 28, 8:00 PM ET

Accepted

Apr 29, 6:49 PM ET

Size

25.2 KB

Accession

0001104659-10-023485

Insider Transaction Report

Form 4
Period: 2010-04-27
Global Geophysical Services IncGGS
Degner Richard A
DirectorPresident, CEO & Chairman
Transactions
  • Sale

    Class B Common Stock

    2009-12-29$14.00/sh−188,000$2,632,000→ 500 total
  • Other

    Common Stock

    2010-04-27+2,589,500→ 2,589,500 total
  • Sale

    Common Stock

    2010-04-27$12.00/sh−119,648$1,435,776→ 2,469,852 total
  • Other

    Stock Option

    2010-04-27+10,000→ 10,000 total
    Exercise: $15.00From: 2010-06-30Exp: 2019-06-29→ Common Stock (10,000 underlying)
  • Other

    Class A Common Stock

    2010-04-27−1,534,000→ 0 total
  • Other

    Class B Common Stock

    2010-04-27−500→ 0 total
  • Other

    Preferred Stock

    2010-04-27−1,055,000→ 0 total
    → Common Stock (1,055,000 underlying)
  • Other

    Stock Option

    2010-04-27+10,000→ 10,000 total
    Exercise: $20.00From: 2008-06-30Exp: 2017-06-03→ Common Stock (10,000 underlying)
  • Other

    Stock Option

    2010-04-27+20,000→ 20,000 total
    Exercise: $30.00From: 2008-06-30Exp: 2017-06-03→ Common Stock (20,000 underlying)
  • Other

    Stock Option

    2010-04-27+20,000→ 20,000 total
    Exercise: $25.00From: 2008-06-30Exp: 2017-06-03→ Common Stock (20,000 underlying)
  • Other

    Stock Option

    2010-04-27+10,000→ 10,000 total
    Exercise: $15.00From: 2008-06-30Exp: 2017-06-03→ Common Stock (10,000 underlying)
Footnotes (5)
  • [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 transaction date, 50% of these shares have vested. On June 30, 2010 an additional 25% will vest and the final 25% will vest on June 30, 2011.
  • [F3]As of the transaction date none of these shares have vested. These shares will vest 25% on each of the following dates; June 30, 2010, June 30, 2011, June 30, 2012 and June 30, 2013.
  • [F4]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.
  • [F5]The Convertible Preferred Stock is immediately exercisable and does not have an expiration date.

Documents

1 file

Issuer

Global Geophysical Services Inc

CIK 0001311486

→
Entity typeother

Related Parties

1
  • filerCIK 0001480807

Filing Metadata

Form type
4
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 6:49 PM ET
Size
25.2 KB
View on SEC.gov