Usher Christopher Theron 4
4 · ION GEOPHYSICAL CORP · Filed Sep 4, 2019
Insider Transaction Report
Form 4
Usher Christopher Theron
EVP & COO, GeoScience
Transactions
- Award
Common Stock
2019-09-01+65,000→ 206,323 total - Award
Common Stock
2019-09-01+65,000→ 271,323 total
Footnotes (2)
- [F1]Restricted Stock award issued pursuant to the ION Geophysical Corporation Third Amended and Restated 2013 Long Term Incentive Plan ("2013 LTIP"). The shares of restricted stock will vest in three equal annual installments beginning on September 1, 2020.
- [F2]Restricted Stock award issued pursuant to the 2013 LTIP. 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 of restricted stock will vest in three equal annual installments beginning on September 1, 2020, 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 reaching twenty (20) day volume weighted average price per share targets of $17.50, $22.50 and $27.50, respectively, on or before September 1, 2022, subject to satisfaction of the time-based vesting requirements.