LAPEYRE JAMES M JR 4

4 · ION GEOPHYSICAL CORP · Filed Apr 22, 2021

Form 4

Period: 2021-04-20

Director

Transactions

Purchase
8% Convertible Notes Due 2025
2021-04-20$1807000.00/sh
Exercise: $3.00From: 2021-04-20Exp: 2025-12-15→ Common Stock (602,333 underlying)
Exercise/Conversion
Rights Offering (Rights to Buy)
2021-04-20−1,019,065→ 0 total(indirect: By LLC)
Exercise: $2.78From: 2021-03-23Exp: 2021-04-12→ Common Stock (944,333 underlying)
Purchase
8% Convertible Notes Due 2025
2021-04-20$2833000.00/sh(indirect: By LLC)
Exercise: $3.00From: 2021-04-20Exp: 2025-12-15→ Common Stock (944,333 underlying)
Purchase
Common Stock
2021-04-20+107,859→ 528,132 total
Exercise/Conversion
Rights Offering (Rights to Buy)
2021-04-20−650,000→ 0 total
Exercise: $2.78From: 2021-03-23Exp: 2021-04-12→ Common Stock (602,333 underlying)

Holdings

Footnotes (3)

[F1]These shares were received as a Backstop Commitment Fee to the Reporting Person who served as a backstop party in the Issuer's Rights Offering that closed Tuesday, April 20.
[F2]These were subscription rights acquired in the Issuer'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. Issuer 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 Issuer's Notes.
[F3]These are Issuer's 8.00% Senior Secured Second Priority Convertible Notes due 2025 that were acquired by the Reporting Person as a result of the exercise of subscription rights which were issued to him in the Issuer's Rights Offering.

Documents

1 file