4//SEC Filing
KELSO INVESTMENT ASSOCIATES VII LP 4
Accession 0001181431-11-041089
CIK 0001311486other
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 3:49 PM ET
Size
18.0 KB
Accession
0001181431-11-041089
Insider Transaction Report
Form 4
KELSO INVESTMENT ASSOCIATES VII LP
10% Owner
Transactions
- Exercise of In-Money
Common Stock, $0.01 par value
2011-07-11$4.25/sh+295,984$1,257,932→ 12,396,634 total - Exercise of In-Money
Warrants (right to acquire)
2011-07-11−390,000→ 0 totalExercise: $4.25Exp: 2012-04-21→ Common Stock (390,000 underlying)
Footnotes (9)
- [F1]Code J and X. See footnote 2.
- [F2]On July 11, 2011, Kelso Investment Associates VII, L.P. ("KIA VII") and KEP VI, LLC ("KEP VI") exercised warrants to purchase 312,600 and 77,400 shares of common stock, respectively, through a cashless exercise in accordance with the provisions of the warrant agreement. The cashless exercise, which was calculated based on an average closing price per share of $17.63 for the ten days prior to exercise, resulted in the net acquisition of 237,243 and 58,741 shares of common stock by KIA VII and KEP VI, respectively.
- [F3]Includes (i) 9,936,243 shares of common stock held of record by KIA VII and (ii) 2,460,391 shares of common stock held of record by KEP VI. Kelso GP VII, LLC ("GP VII LLC") is the general partner of Kelso GP VII, L.P. ("GP VII LP"). GP VII LP is the general partner of KIA VII. KIA VII and KEP VI, due to their common control, could be deemed to beneficially own each of the other's securities. Each of KIA VII and KEP VI disclaim such beneficial ownership and the inclusion of of these securities in this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or any other purpose.
- [F4]Each of GP VII LLC, GP VII LP and KIA VII, due to their common control, could be deemed to beneficially own each other's securities. GP VII LLC disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII LP and KIA VII, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes.
- [F5]GP VII LP disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII LLC and KIA VII, except, in the case of KIA VII, to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes. KIA VII disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII LLC and GP VII LP, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes.
- [F6]KEP VI and GP VII LLC due to their common control could be deemed to beneficially own each other's securities. KEP VI disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by each of GP VII LLC, GP VII LP and KIA VII, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes. Each of GP VII LLC, GP VII LP and KIA VII disclaims beneficial ownership of all of the securities owned of record, or deemed beneficially owned, by KEP VI, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or for any other purposes.
- [F7]Frank T. Nickell, Thomas R. Wall, IV, George E. Matelich, Michael B. Goldberg, David I. Wahrhaftig, Frank K. Bynum, Jr., Philip E. Berney, Frank J. Loverro, James J. Connors, II, Church M. Moore and Stanley de Jongh Osborne (the "Kelso Individuals") may be deemed to share beneficial ownership of securities owned of record or beneficially owned by GP VII LLC, GP VII LP, KIA VII, and KEP VI, by virtue of their status as managing members of GP VII LLC and KEP VI, but disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any of the Kelso Individuals is the beneficial owner of these securities for purposes of Section 16 or for any other purposes.
- [F8]Christopher L. Collins may be deemed to share beneficial ownership of securities owned by KEP VI by virtue of his status as a managing member of KEP VI. Mr. Collins shares investment and voting power with the Kelso Individuals with respect to ownership interests owned by KEP VI but disclaims beneficial ownership of such interests and this report shall not be deemed an admission of beneficial ownership of such securities for purposes of Section 16 or any other purpose.
- [F9]Immediately.
Documents
Issuer
Global Geophysical Services Inc
CIK 0001311486
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001275587
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 3:49 PM ET
- Size
- 18.0 KB