SEC FORM 3

SEC Form 3

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^*

PEEBLES ROSS G.

(Last)

(First)

(Middle)

C/O GLOBAL GEOPHYSICAL SERVICES, INC.

13927 SOUTH GESSNER ROAD

(Street)

MISSOURI CITY

77489

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/13/2012

3. Issuer Name and Ticker or Trading Symbol
Global Geophysical Services Inc [ GGS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. VP, E&P Services

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
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	5,000⁽¹⁾	D
Common Stock	25,000⁽²⁾	D
Common Stock	2,516⁽³⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Stock Options	⁽⁴⁾	04/12/2021	Common Stock⁽⁵⁾	5,000	$15	D
Stock Options	⁽⁴⁾	04/12/2021	Common Stock⁽⁵⁾	5,000	$20	D
Stock Options	⁽⁴⁾	04/12/2021	Common Stock⁽⁵⁾	5,000	$25	D
Stock Options	⁽⁴⁾	04/12/2021	Common Stock⁽⁵⁾	5,000	$30	D

Explanation of Responses:

1. The grant date was April 13, 2011. Out of 5,000 shares, 625 shares already vested on September 30, 2012; whereas the remaining shares will vest over seven (7) calendar quarters, more specifically 12.5% (twelve and one-half percent) on each of the following dates starting on December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013, March 31, 2014, and June 30, 2014.

2. The grant date was May 2, 2012. The shares will vest over eight (8) calendar quarters, more specifically 12.5% (twelve and one-half percent) on each of the following dates starting on September 30, 2013, December 31, 2013, March 31, 2014, June 30, 2014, on September 30, 2014, December 31, 2014, March 31, 2015, and June 30, 2015.

3. These shares were acquired under the Issuer's Employee Stock Purchase Plan (ESPP), a plan qualified under Section 423 of the Internal Revenue Code, over the first three quarters of 2012; whereas the most recent quarterly report was dated September 28, 2012.

4. The grant date was April 13, 2011. 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: June 30, 2012, June 30, 2013, June 30, 2014, and June 30, 2015.

5. The Stock Options will convert to Common Stock only if and when exercised.

	/s/ ROSS G. PEEBLES	12/24/2012
	** 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).
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