Initial Statement of Beneficial Ownership (3)
January 10 2020 - 4:35PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
LAMBERT DALE J |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2020
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3. Issuer Name and Ticker or Trading Symbol
ION GEOPHYSICAL CORP [IO]
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(Last)
(First)
(Middle)
2105 CITYWEST BLVD., SUITE 100 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) EVP, Operations Optimization / |
(Street)
HOUSTON, TX 77042
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 48860 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (right to buy) | (2) | 12/1/2020 | Common Stock | 1066 | $107.85 | D | |
Employee Stock Option (right to buy) | (2) | 12/1/2021 | Common Stock | 1173 | $87.15 | D | |
Employee Stock Option (right to buy) | (2) | 12/1/2022 | Common Stock | 1200 | $89.40 | D | |
Employee Stock Option (right to buy) | (2) | 12/1/2023 | Common Stock | 1333 | $57.90 | D | |
Employee Stock Option (right to buy) | (2) | 3/1/2024 | Common Stock | 1333 | $61.05 | D | |
Employee Stock Option (right to buy) | (2) | 3/1/2026 | Common Stock | 3750 | $3.10 | D | |
Employee Stock Option (right to buy) | 3/1/2020 | 3/1/2026 | Common Stock | 1250 | $3.10 | D | |
Stock Appreciation Rights | (3) | 12/1/2028 | Common Stock | 20498 | $8.85 | D | |
Explanation of Responses: |
(1) | Includes 39,222 shares of restricted stock and 9,638 shares of common stock. |
(2) | Fully Vested. |
(3) | Cash-settled Stock Appreciation Right ("SARs") issued pursuant to the ION Geophysical Corporation 2018 Stock Appreciation Rights Plan. The SARs are subject to both time-based and performance-based vesting requirements. The time-based vesting requirements provide that the SARs vest in three equal installments beginning on the first anniversary of the grant date, subject to satisfaction of the performance-based vesting requirements. The performance-based vesting requirements provide that the SARs vest in three equal portions upon achievement of ION common stock 20 day volume weighted average price per share targets of $17.50, $22.50 and $27.50, subject to satisfaction of the time-based vesting requirements. The maximum value of each SAR is capped at $27.50. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LAMBERT DALE J 2105 CITYWEST BLVD., SUITE 100 HOUSTON, TX 77042 |
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| EVP, Operations Optimization |
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Signatures
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/s/ Rebecca F. Sacco, attorney-in-fact | | 1/10/2020 |
**Signature of Reporting Person | Date |
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