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DAWSON GEOPHYSICAL CO Director's Dealing 2006

May 4, 2006

34520_dirs_2006-05-04_e6f8e8d6-37da-4852-aaad-1d668f7406cb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TGC INDUSTRIES INC (TGE)
CIK: 0000799165
Period of Report: 2006-05-02

Reporting Person: GARDNER HERBERT M (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-05-02 Common Stock S 15000 $14.81 Disposed 576960 Direct
2006-05-03 Common Stock S 6000 $15.17 Disposed 570960 Direct
2006-05-02 Common Stock S 12900 $14.75 Disposed 72874 Indirect
2006-05-02 Common Stock S 12834 $15.00 Disposed 60040 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Warrants (Series C2) $.95 2007-12-15 Common Stock (1820) 1820 Indirect
Stock Option (reload) $6.81 2010-10-10 Common Stock (1465) 1465 Direct

Footnotes

F1: The Reporting Person disclaims beneficial ownership of shares and warrants owned by spouse.