HURTT WILLIAM C JR 4
4 · TGC INDUSTRIES INC · Filed May 3, 2005
Insider Transaction Report
Form 4
HURTT WILLIAM C JR
Director10% Owner
Transactions
- Gift
Common Stock
2005-05-02−10,000→ 383,700 total - Sale
Common Stock
2005-04-29$4.10/sh−10,000$41,000→ 398,700 total - Gift
Common Stock
2005-04-29−5,000→ 393,700 total
Holdings
- 375,000
8-1/2% Senior Convertible Preferred Stock
→ Common Stock (375,000 underlying) - 162,329
Warrants (Series A2)
Exercise: $0.20From: 2003-06-12Exp: 2013-06-12→ Common Stock (162,329 underlying) - 5,200
Warrants (Series C2)
Exercise: $1.00From: 2004-12-15Exp: 2007-12-15→ Common Stock (5,200 underlying) - 371,000
Warrants (Series A)
Exercise: $0.20From: 2002-09-10Exp: 2012-09-10→ Common Stock (371,000 underlying) - 10,800(indirect: By Spouse)
Common Stock
Footnotes (7)
- [F1]Not applicable
- [F2]Reporting Person disclaims beneficial ownership of shares owned by spouse.
- [F3]Includes 15,700 shares of common stock held in Reporting Person's IRA.
- [F4]Includes 71,000 additional shares of common stock issuable upon exercise, resulting from application of the warrants' anti-dilution provisions as a result of the PIK dividends paid on the Company's 8-1/2% Senior Preferred Stock.
- [F5]Includes 12,329 additional shares of common stock issuable upon exercise, resulting from application of the warrants' anti-dilution provisions as a result of the PIK dividends paid on the Company's 8-1/2% Senior Preferred Stock.
- [F6]The shares of the 8-1/2% Senior Convertible Preferred Stock are convertible into Common Stock on a one-for-one basis.
- [F7]Immediately convertible.