SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ANDREEFF DANE (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS, L.L.C. 140 EAST ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GEOKINETICS INC [ GOK ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/23/2008
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2008		S		3,660	D	$19.1206	$1,995,106(1)	I(1)	See footnote(1)
Common Stock	06/23/2008		S		3,777	D	$19.1206	$1,991,329(2)	I(2)	See footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* ANDREEFF DANE (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS, L.L.C. 140 EAST ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* MAPLE LEAF CAPITAL I, LLC (Last) (First) (Middle) C/O ANDREEFF EQUITY ADVISORS, LLC 140 EAST ST. LUCIA LANE (Street) SANTA ROSA BEACH FL 32459 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This transaction was made by a fund that is not, itself, a 10% owner of the issuer's securities. The fund's general partner, Maple Leaf Capital I, L.L.C., and the general partner's managing member, Dane Andreeff, are reporting this transaction because they each may be deemed indirect beneficial owners of 10% or more of the issuer's securities, in the aggregate, including immediately exercisable warrants. Maple Leaf Capital I, L.L.C. may be deemed to beneficially own 1,045,293 shares of the issuer's common stock as of the date of this transaction. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein.

2. This transaction was made by a fund that is not, itself, a 10% owner of the issuer's securities. As a Director of the fund, Dane Andreeff, is reporting this transaction because he may be deemed an indirect beneficial owner of 10% or more of the issuer's securities, in the aggregate, including immediately exercisable warrants. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/ Dane Andreeff	06/25/2008
	** 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 4 (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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