Milton Greg B 4

4 · OMNI ENERGY SERVICES CORP · Filed Nov 5, 2010

Form 4

Period: 2010-10-27

VP & Chief Accounting Officer

Transactions

Disposition to Issuer
Common Stock
2010-10-27$2.75/sh−7,000$19,250→ 0 total
Disposition to Issuer
Company Stock Options
2010-10-27−19,732→ 0 total
Exercise: $2.28Exp: 2015-11-11→ Common Stock (19,732 underlying)
Disposition to Issuer
Company Stock Options
2010-10-27−2,310→ 0 total
Exercise: $2.28Exp: 2016-04-11→ Common Stock (2,310 underlying)
Disposition to Issuer
Common Stock
2010-10-27$2.75/sh−1,500$4,125→ 0 total
Disposition to Issuer
Common Stock
2010-10-27$2.75/sh−5,000$13,750→ 0 total
Disposition to Issuer
Company Stock Options
2010-10-27−50,000→ 0 total
Exercise: $1.26Exp: 2020-01-01→ Common Stock (50,000 underlying)
Disposition to Issuer
Company Stock Options
2010-10-27−4,813→ 0 total
Exercise: $2.28Exp: 2015-11-17→ Common Stock (4,813 underlying)
Disposition to Issuer
Company Stock Options
2010-10-27−16,832→ 0 total
Exercise: $2.28Exp: 2018-05-15→ Common Stock (16,832 underlying)
Disposition to Issuer
Company Stock Options
2010-10-27−3,117→ 0 total
Exercise: $2.28Exp: 2017-04-17→ Common Stock (3,117 underlying)
Disposition to Issuer
Company Stock Options
2010-10-27−20,000→ 0 total
Exercise: $2.08Exp: 2019-08-03→ Common Stock (20,000 underlying)

Footnotes (9)

[F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of June 3, 2010 by and among Wellspring OMNI Holdings Corporation, Wellspring OMNI Acquisition Corporation and OMNI Energy Services Corp. (the "Merger") in exchange for $2.75 per share (the "Merger Consideration").
[F2]Includes 3,750 shares representing former shares of restricted stock that vested immediately prior to the effective time of the Merger and converted into the right to receive the Merger Consideration.
[F3]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $9,274.04.
[F4]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $2,262.11.
[F5]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $1,085.70.
[F6]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $7,911.04.
[F7]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $1,464.99.
[F8]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $13,400.00.
[F9]In accordance with the terms of the Merger, this option was cancelled in exchange for a cash payment of $74,500.00.

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