4//SEC Filing
Usher Christopher Theron 4
Accession 0001209191-21-027897
CIK 0000866609other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 9:26 PM ET
Size
11.7 KB
Accession
0001209191-21-027897
Insider Transaction Report
Form 4
Usher Christopher Theron
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/shExercise: $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 totalExercise: $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
Issuer
ION GEOPHYSICAL CORP
CIK 0000866609
Entity typeother
Related Parties
1- filerCIK 0001481492
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 9:26 PM ET
- Size
- 11.7 KB