Filing Details
- Accession Number:
- 0001209191-21-028033
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-04-22 20:00:57
- Reporting Period:
- 2021-04-20
- Accepted Time:
- 2021-04-22 20:00:57
- SEC Url:
- Form 4 Filing
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 |
|---|---|---|---|---|---|---|---|
| 1072813 | Jr M James Lapeyre | 2105 Citywest Boulevard Suite 100 Houston TX 77042-2855 | Yes | No | 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 | 2021-04-20 | 107,859 | $0.00 | 528,132 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Rights Offering (Rights to Buy) | Disposition | 2021-04-20 | 650,000 | $0.00 | 602,333 | $2.78 |
| Common Stock | 8% Convertible Notes Due 2025 | Acquisiton | 2021-04-20 | 0 | $1,807,000.00 | 602,333 | $3.00 |
| Common Stock | Rights Offering (Rights to Buy) | Disposition | 2021-04-20 | 1,019,065 | $0.00 | 944,333 | $2.78 |
| Common Stock | 8% Convertible Notes Due 2025 | Acquisiton | 2021-04-20 | 0 | $2,833,000.00 | 944,333 | $3.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-03-23 | 2021-04-12 | No | 4 | M | Direct |
| 0 | 2021-04-20 | 2025-12-15 | No | 4 | P | Direct |
| 0 | 2021-03-23 | 2021-04-12 | No | 4 | M | Indirect |
| 0 | 2021-04-20 | 2025-12-15 | No | 4 | P | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 979,816 | Indirect | Shares held by Laitram, LLC |
| Common Stock | 42,850 | Indirect | Joint account with adult child (J) |
| Common Stock | 42,850 | Indirect | Joint account with adult child (K) |
| Common Stock | 43,702 | Indirect | Joint account with adult child (S) |
Footnotes
- These shares were received as a Backstop Commitment Fee to the Reporting Person who served as a backstop party in the Issuer's Rights Offering that closed Tuesday, April 20.
- These were subscription rights acquired in the Issuer's Rights Offering which commenced on March 23, 2021, which rights the Reporting Person exercised to purchase a principal amount of ION's 8.00% Senior Secured Second Priority Convertible Notes due 2025. Issuer 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 purchase $2.78 principal amount of Issuer's Notes.
- These are Issuer's 8.00% Senior Secured Second Priority Convertible Notes due 2025 that were acquired by the Reporting Person as a result of the exercise of subscription rights which were issued to him in the Issuer's Rights Offering.
Billionaire Hedge Funds
