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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1311486	Global Geophysical Services Inc	GGS	Oil & Gas Field Exploration Services (1382)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1480127	Mathew P Verghese	C/O Global Geophysical Services, Inc. 13927 South Gessner Road Missouri City TX 77489	Sr. V.p. & Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class B Common Stock	Disposition	2010-04-27	45,000	$0.00	0	No	4	J	Direct
Common Stock	Acquisiton	2010-04-27	45,000	$0.00	45,000	No	4	J	Direct
Common Stock	Disposition	2010-04-27	2,218	$12.00	42,782	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	J	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Acquisiton	2010-04-27	15,000	$0.00	15,000	$15.00
Common Stock	Stock Option	Acquisiton	2010-04-27	15,000	$0.00	15,000	$20.00
Common Stock	Stock Option	Acquisiton	2010-04-27	20,000	$0.00	20,000	$25.00
Common Stock	Stock Option	Acquisiton	2010-04-27	20,000	$0.00	20,000	$30.00
Common Stock	Stock Option	Acquisiton	2010-04-27	10,000	$0.00	10,000	$15.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
15,000	2010-03-31	2019-03-30	No	4	J	Direct
15,000	2010-03-31	2019-03-30	No	4	J	Direct
20,000	2010-03-31	2019-03-30	No	4	J	Direct
20,000	2010-03-31	2019-03-30	No	4	J	Direct
10,000	2010-06-30	2019-06-29	No	4	J	Direct

Footnotes

Pursuant to a reclassification exempt under Rule 16b-7, each share of Class A and B Common Stock and Preferred Stock are converting, immediately and automatically, into shares of Common Stock, as part of a recapitalization of the issuer's capital stock structure.
As of the filing date, 25% of these shares have vested. The remainder of these shares will vest 25% on each of the following dates; March 31, 2011, March 31, 2012 and March 31, 2013.
As of the filing date none of these shares have vested. These shares will vest 25% on each of the following dates; June 30, 2010, June 30, 2011, June 30, 2012 and June 30, 2013.
Pursuant to the reclassification discussed in footnote 1, these options now convert to Common Stock instead of Class B Common Stock, only if and when exercised.