Sec Form 4 Filing - Wheeler Walter R. @ GEOSPACE TECHNOLOGIES CORP - 2016-11-16

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

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The following is an SEC EDGAR document rendered as filed.
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Wheeler Walter R.
2. Issuer Name and Ticker or Trading Symbol
GEOSPACE TECHNOLOGIES CORP [ GEOS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
7007 PINEMONT DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/16/2016
(Street)
HOUSTON, TX77040
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11/16/2016 A 6,000 A $ 0 63,925 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Options (right to buy) $ 21.42 11/16/2016 A 13,700 ( 1 ) 11/16/2026 Common Stock 13,700 $ 0 13,700 D
Option (right to buy) $ 14.87 ( 1 ) 11/18/2025 Common Stock 18,400 18,400 D
Options (right to buy) $ 21.945 ( 2 ) 02/25/2020 Common Stock 20,000 20,000 D
Options (right to buy) $ 8.78 ( 3 ) 12/05/2018 Common Stock 6,000 6,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wheeler Walter R.
7007 PINEMONT DRIVE
HOUSTON, TX77040
X President & CEO
Signatures
/s/ Walter R. Wheeler 11/18/2016
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )The performance option described in this line item is exercisable in installments upon the satisfaction of both (1) certain performance based vesting conditions relating to total shareholder return and (2) certain service based vesting conditions. Additional details regarding vesting and the form and terms of this performance option are available in the Company's Current Report on Form 8-K filed on November 20, 2015.
( 2 )This option vested in four equal annual installments beginning February 25, 2011 and is now fully exercisable.
( 3 )This option vested in four equal annual installments beginning February 5, 2012 and is now fully exercisable.

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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