Hanson R Brian 4
4 · ION GEOPHYSICAL CORP · Filed Dec 4, 2018
Insider Transaction Report
Form 4
Hanson R Brian
Exec. VP & CFO
Transactions
- Award
Stock Appreciation Right
2018-12-01+192,000→ 192,000 totalExercise: $8.85Exp: 2028-12-01→ Common Stock (192,000 underlying) - Award
Common Stock
2018-12-01+180,000→ 223,631 total
Footnotes (2)
- [F1]Restricted Stock award issued pursuant to the ION Geophysical Corporation Third Amended and Restated 2013 Long Term Incentive Plan. The shares of restricted stock are subject to both time-based and performance-based vesting requirements. The time-based vesting requirements provide that the shares vest in three equal installments beginning on the first anniversary of the grant date, subject to satisfaction of the performance-based vesting requirements. The performance-based vesting requirements provide that the shares vest in three equal portions upon achievement of ION common stock 20-day volume weighted average price per share targets of $17.50, $22.50 and $27.50, subject to satisfaction of the time-based vesting requirements.
- [F2]Cash-settled Stock Appreciation Right ("SARs") issued pursuant to the ION Geophysical Corporation 2018 Stock Appreciation Rights Plan. The SARs are subject to both time-based and performance-based vesting requirements. The time-based vesting requirements provide that the SARs vest in three equal installments beginning on the first anniversary of the grant date, subject to satisfaction of the performance-based vesting requirements. The performance-based vesting requirements provide that the SARs vest in three equal portions upon achievement of ION common stock 20-day volume weighted average price per share targets of $17.50, $22.50 and $27.50, subject to satisfaction of the time-based vesting requirements. The maximum value of each SAR is capped at $27.50.