TGC INDUSTRIES INC 4
4 · TGC INDUSTRIES INC · Filed May 26, 2005
Insider Transaction Report
Form 4
HURTT WILLIAM C JR
Director10% Owner
Transactions
- Purchase
Common Stock
2004-10-05$2.30/sh+613$1,410→ 384,490 total - Purchase
Common Stock
2004-10-11$2.25/sh+1,010$2,273→ 385,500 total
Holdings
- 375,000(indirect: By Trust)
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) - 10,800(indirect: By Spouse)
Common Stock
- 371,000
Warrants (Series A)
Exercise: $0.20From: 2002-09-10Exp: 2012-09-10→ Common Stock (371,000 underlying)
Footnotes (9)
- [F1]Includes 15,700 shares of common stock held in Reporting Person's IRA.
- [F2]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.
- [F3]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.
- [F4]The shares of the 8-1/2% Senior Convertible Preferred Stock are convertible into Common Stock on a one-for-one basis.
- [F5]Immediately convertible.
- [F6]Adjusted to reflect the correct number of shares owned as reported on Form 5 filed with the SEC on February 8, 2005.
- [F7]Reporting person disclaims beneficial ownership of shares owned by spouse.
- [F8]Not applicable.
- [F9]The 8-1/2% Senior Convertible Preferred Stock is owned by Deed of Trust of William C. Hurtt dated April 10, 1995 FBO William C. Hurtt, Jr. - GST Exempt, of which reporting person is co-trustee and income beneficiary of same.