Filing Details
- Accession Number:
- 0001104659-10-023485
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-04-29 13:00:00
- Reporting Period:
- 2010-04-27
- Filing Date:
- 2010-04-29
- Accepted Time:
- 2010-04-29 18:49:58
- SEC Url:
- Form 4 Filing
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 |
|---|---|---|---|---|---|---|---|
| 1480807 | A Richard Degner | C/O Global Geophysical Services, Inc. 13927 South Gessner Road Missouri City TX 77489 | President, Ceo & Chairman | Yes | 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 | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | Disposition | 2009-12-29 | 188,000 | $14.00 | 500 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2010-04-27 | 1,534,000 | $0.00 | 0 | No | 4 | J | Direct | |
| Class B Common Stock | Disposition | 2010-04-27 | 500 | $0.00 | 0 | No | 4 | J | Direct | |
| Common Stock | Acquisiton | 2010-04-27 | 2,589,500 | $0.00 | 2,589,500 | No | 4 | J | Direct | |
| Common Stock | Disposition | 2010-04-27 | 119,648 | $12.00 | 2,469,852 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | J | Direct | |
| 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 | Preferred Stock | Disposition | 2010-04-27 | 1,055,000 | $0.00 | 1,055,000 | $0.00 |
| Common Stock | Stock Option | Acquisiton | 2010-04-27 | 10,000 | $0.00 | 10,000 | $15.00 |
| Common Stock | Stock Option | Acquisiton | 2010-04-27 | 10,000 | $0.00 | 10,000 | $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 |
|---|---|---|---|---|---|---|
| 0 | No | 4 | J | Direct | ||
| 10,000 | 2008-06-30 | 2017-06-03 | No | 4 | J | Direct |
| 10,000 | 2008-06-30 | 2017-06-03 | No | 4 | J | Direct |
| 20,000 | 2008-06-30 | 2017-06-03 | No | 4 | J | Direct |
| 20,000 | 2008-06-30 | 2017-06-03 | 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 transaction date, 50% of these shares have vested. On June 30, 2010 an additional 25% will vest and the final 25% will vest on June 30, 2011.
- As of the transaction 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.
- The Convertible Preferred Stock is immediately exercisable and does not have an expiration date.
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