Rodermund Sheila M 4
4 · ION GEOPHYSICAL CORP · Filed Apr 21, 2021
Insider Transaction Report
Form 4
Rodermund Sheila M
EVP, Operations Optimization
Transactions
- Tax Payment
Common Stock
2021-04-19$2.16/sh−594$1,283→ 4,406 total - Exercise of In-Money
Common Stock
2021-04-20$2.57/sh+1,080$2,776→ 5,486 total - Exercise of In-Money
Rights Offering (Rights to Buy)
2021-04-20−1,000→ 0 totalExercise: $2.57From: 2021-03-23Exp: 2021-04-12→ Common Stock (1,080 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 shares were directly acquired by the reporting person as a result of her exercise of subscription rights which were issued to her in ION's Rights Offering.
- [F3]These were subscription rights acquired in the ION's Rights Offering, which commenced on March 23, 2021 and which the reporting person exercised to acquire the securities reported in Column 4 of Table 1. 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 subscribe for 1.08 shares of Common Stock at a subscription price of $2.57 per share.