4//SEC Filing
ION GEOPHYSICAL CORP 4
Accession 0001209191-16-104329
CIK 0000866609operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 3:03 PM ET
Size
12.6 KB
Accession
0001209191-16-104329
Insider Transaction Report
Form 4
BATE STEVEN
SVP Systems Division
Transactions
- Award
Common Stock
2016-03-01+25,000→ 48,419 total - Purchase
Common Stock
2016-03-01$4.01/sh+3,700$14,847→ 52,119 total - Purchase
Common Stock
2016-03-01$4.38/sh+6,300$27,613→ 58,419 total
Holdings
- 50,000
Employee Stock Option (right to buy)
Exercise: $3.10From: 2017-03-01Exp: 2026-03-01→ Common Stock (50,000 underlying) - 150,000
Stock Appreciation Right
Exercise: $3.10Exp: 2026-03-01→ Common Stock (0 underlying)
Footnotes (7)
- [F1]Restricted Stock grant issued pursuant to the ION Geophysical Corporation Amended and Restated 2013 Long Term Incentive Plan. Shares will vest in three equal annual installments beginning the first anniversary of the transaction date in Column 2.
- [F2]As adjusted for the one-for-fifteen reverse stock split completed on February 4, 2016.
- [F3]Includes 33 shares acquired under the ION Employee Stock Purchase Plan, as adjusted for the one-for-fifteen reverse stock split completed on February 4, 2016.
- [F4]This transaction was executed in multiple trades at prices ranging from $3.23 to $4.20, inclusive. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F5]This transaction was executed in multiple trades at prices ranging from $4.24 to $4.58, inclusive. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F6]Issued pursuant to the ION Geophysical Corporation Amended and Restated 2013 Long Term Incentive Plan and become exercisable in four equal annual installments beginning on the date specified in Column 6.
- [F7]Issued pursuant to the ION Geophysical Corporation Stock Appreciation Rights Plan. The SARs will vest in one-third increments upon the achievement of performance targets set at 20%, 25% and 30% appreciation of the 20-day volume weighted average price per share over the exercise price of the SAR. No SARs can be exercised prior to the first anniversary of the grant date. Beginning on the first anniversary date, SARs can be exercised up to one-third per year.
Documents
Issuer
ION GEOPHYSICAL CORP
CIK 0000866609
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000866609
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 3:03 PM ET
- Size
- 12.6 KB