GEOKINETICS INC 4
4 · GEOKINETICS INC · Filed Dec 16, 2010
Insider Transaction Report
Form 4
ZIEGLER WILLIAM R
Director
Transactions
- Purchase
Series D Nonconvertible Junior Preferred Stock
2010-12-14+4,000→ 4,000 total - Purchase
Common Stock Warrants (right to buy)
2010-12-14+116,500→ 116,500 totalExercise: $9.64From: 2010-12-14Exp: 2016-12-15→ Common Stock (116,500 underlying)
Footnotes (2)
- [F1]The aggregate purchase price for the 4,000 shares of Series D Preferred Stock and the warrants to purchase 116,500 shares of Geokinetics Inc.'s common stock was $1,000,000. On or before December 31, 2010, under the terms of the Series D and Warrant Purchase Agreement, dated December 14, 2010, Geokinetics Inc. and the purchasers named therein (including Mr. Ziegler) are to mutually agree on an allocation of the purchase price between the Series D Preferred Stock and the warrants.
- [F2]The exercise price of the warrants is $9.64 per share, subject to adjustment as described therein.