4//SEC Filing
Weinman Barry Lee 4
Accession 0001481250-11-000001
CIK 0001311486other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 6:28 PM ET
Size
10.5 KB
Accession
0001481250-11-000001
Insider Transaction Report
Form 4
Weinman Barry Lee
President, Weinman GeoScience
Transactions
- Other
Common Stock
2011-01-12$10.80/sh+67,500$729,000→ 67,500 total - Other
Common Stock
2011-01-12$10.80/sh+67,500$729,000→ 67,500 total(indirect: By Spouse)
Holdings
- 295,809(indirect: Weinman GeoScience, Inc.)
Common Stock
- 1,000(indirect: by daughter)
Common Stock
- 1,000(indirect: by son)
Common Stock
Footnotes (4)
- [F1]These shares were issued to Mr. Weinman ("Shareholder") to that Agreement Regarding Payment of Earnout ("Agreement"), effective as of 01/12/2011, entered into to satisfy GGS' obligations, including its Earnout Payment obligation, under that Asset Purchase Agreement, dated 06/05/2008, as amended ("Purchase Agreement"), which provided, among other things, for an Earnout Payment to Weinman GeoScience, Inc. ("Seller") if certain performance targets were met, where payment was to be made by GGS by delivery of GGS' Common Stock. Seller has assigned its rights to receive a portion of the Earnout Payment to its Shareholders, Barry and Jane Weinman.
- [F2]These shares are subject to GGS' standard vesting requirements over 12 quarters, more specifically they will vest 12.5% on each of the following dates: June 30, 2012, September 30, 2012, December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013, and March 31, 2014.
- [F3]The price reported in Column 4 is the price agreed by the parties to the Agreement (as defined above) being the closing price of the Common Stock on the New York Stock Exchange on the day preceding the effective date of the Agreement.
- [F4]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 purposes or for any other purpose.
Documents
Issuer
Global Geophysical Services Inc
CIK 0001311486
Entity typeother
Related Parties
1- filerCIK 0001481250
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 6:28 PM ET
- Size
- 10.5 KB