FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/29/2011 |
3. Issuer Name and Ticker or Trading Symbol
Global Geophysical Services Inc [ GGS ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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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 | 20,000(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: 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 | ||||
Stock Options | (2) | 12/30/2017 | Common Stock(4) | 4,000 | $12.5 | D | |
Stock Options | (2) | 12/30/2017 | Common Stock(4) | 4,000 | $15 | D | |
Stock Options | (2) | 12/30/2017 | Common Stock(4) | 4,000 | $20 | D | |
Stock Options | (2) | 12/30/2017 | Common Stock(4) | 4,000 | $25 | D | |
Stock Options | (2) | 12/30/2017 | Common Stock(4) | 4,000 | $30 | D | |
Stock Options | (3) | 09/29/2018 | Common Stock(4) | 4,000 | $15 | D | |
Stock Options | (3) | 09/29/2018 | Common Stock(4) | 4,000 | $20 | D | |
Stock Options | (3) | 09/29/2018 | Common Stock(4) | 12,000 | $25 | D | |
Stock Options | (3) | 09/29/2018 | Common Stock(4) | 12,000 | $30 | D |
Explanation of Responses: |
1. Out of the total of 20,000 shares reported, 9,750 shares are already vested, whereas the remaining shares will vest as follows: 250 on September 30, 2011, and 10,000 over eight (8) calendar quarters, more specifically 12.5% (twelve and one-half percent) on each of the following dates starting on December 31, 2012, and then March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013, March 31, 2014, June 30, 2014, and September 30, 2014. |
2. The grant date was December 31, 2007. Each of the options mentioned above vest and become exercisable over a four-year period; specifically, 25% (twenty five percent) on each of the following dates: December 31, 2008, December 31, 2008, December 31, 2009, December 31, 2010, and December 31, 2011. |
3. The grant date was September 30, 2008. Each of the options mentioned above vest and become exercisable over a four-year period; specifically, 25% (twenty five percent) on each of the following dates: September 30, 2009, September 30, 2010, September 30, 2011, and September 30, 2012. |
4. The Stock Options will convert to Common Stock only if and when exercised. |
/s/ Norman H. Pedersen, II | 09/08/2011 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |