SEC Info - Lambert Dale J - ‘3’ for 1/1/20 re: Ion Geophysical Corp.

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^*

LAMBERT DALE J

(Last)

(First)

(Middle)

2105 CITYWEST BLVD., SUITE 100

(Street)

HOUSTON

77042

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
1/1/20

3. Issuer Name and Ticker or Trading Symbol
ION GEOPHYSICAL CORP [ IO ]

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

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	48,860 ⁽¹⁾	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)
Employee Stock Option (right to buy)	⁽²⁾	12/1/20	Common Stock	1,066	107.85	D
Employee Stock Option (right to buy)	⁽²⁾	12/1/21	Common Stock	1,173	87.15	D
Employee Stock Option (right to buy)	⁽²⁾	12/1/22	Common Stock	1,200	89.4	D
Employee Stock Option (right to buy)	⁽²⁾	12/1/23	Common Stock	1,333	57.9	D
Employee Stock Option (right to buy)	⁽²⁾	3/1/24	Common Stock	1,333	61.05	D
Employee Stock Option (right to buy)	⁽²⁾	3/1/26	Common Stock	3,750	3.1	D
Employee Stock Option (right to buy)	3/1/20	3/1/26	Common Stock	1,250	3.1	D
Stock Appreciation Rights	⁽³⁾	12/1/28	Common Stock	20,498	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.

Remarks:

	/s/ Rebecca F. Sacco, attorney-in-fact	1/10/20
	** 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.

Lambert Dale J – ‘3’ for 1/1/20 re: Ion Geophysical Corp.

On: Friday, 1/10/20, at 4:34pm ET · For: 1/1/20 · Accession #: 1209191-20-3070 · File #: 1-12691

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents

‘3’ — Form 3 Submission — doc3.xml/2.6

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Lambert Dale J – ‘3’ for 1/1/20 re: Ion Geophysical Corp.

On: Friday, 1/10/20, at 4:34pm ET · For: 1/1/20 · Accession #: 1209191-20-3070 · File #: 1-12691

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34Filing Table of Contents

‘3’ — Form 3 Submission — doc3.xml/2.6

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents