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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
866609	Ion Geophysical Corp	IO	Oil & Gas Field Exploration Services (1382)	222286646

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1297501	Brian R Hanson	2105 Citywest Boulevard Suite 400 Houston TX 77042-2839	President & Ceo	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
Common Stock	Acquisiton	2016-03-01	50,000	$0.00	90,182	No	4	A	Direct
Common Stock	Acquisiton	2016-03-01	20,000	$3.84	110,182	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	666	Indirect	Shares held by Spouse

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Appreciation Right	$3.10		2026-03-01	300,000	300,000	Direct
Common Stock	Employee Stock Option (right to buy)	$3.10	2017-03-01	2026-03-01	100,000	100,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-03-01	300,000	300,000	Direct
2026-03-01	100,000	100,000	Direct

Footnotes

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.
As adjusted for the one-for-fifteen reverse stock split completed on 02/04/2016.
This transaction was executed in multiple trades at prices ranging from $3.25 to $4.21, 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.
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.
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.