Usher Christopher Theron 4

4 · ION GEOPHYSICAL CORP · Filed Apr 21, 2021

Form 4

Period: 2021-04-19

EVP & COO, GeoScience

Transactions

Tax Payment
Common Stock
2021-04-19$2.16/sh−6,279$13,563→ 252,713 total
Purchase
8% Convertible Notes due 2025
2021-04-20$2000.00/sh
Exercise: $3.00From: 2021-04-20Exp: 2025-12-15→ Common Stock (666 underlying)
Tax Payment
Common Stock
2021-04-19$2.16/sh−17,052$36,832→ 258,992 total
Exercise/Conversion
Rights Offering (Rights to Buy)
2021-04-20−720→ 0 total
Exercise: $2.78From: 2021-03-23Exp: 2021-04-12→ Common Stock (666 underlying)

Footnotes (3)

[F1]These shares were not sold, but were withheld by ION Geophysical Corporation ("ION") upon the vesting of restricted stock shares to satisfy tax withholding obligations.
[F2]These were subscription rights acquired in the ION's Rights Offering which commenced on March 23, 2021, which rights the reporting person exercised to purchase a principal amount of ION's 8.00% Senior Secured Second Priority Convertible Notes due 2025. ION issued one non-transferable subscription right for each share of Common Stock held on the March 22, 2021 record date and each subscription entitled the holder to purchase $2.78 principal amount of ION's Notes.
[F3]These are ION's 8.00% Senior Secured Second Priority Convertible Notes due 2025 that were directly acquired by the reporting person as a result of his exercise of subscription rights which were issued to him in ION's Rights Offering.

Documents

1 file