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DAWSON GEOPHYSICAL CO Director's Dealing 2009

Jun 11, 2009

34520_dirs_2009-06-11_df4b55bc-7279-433f-b17b-99e9a9ab49b4.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: 2009-06-10

Reporting Person: WHITENER WAYNE A (Director, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-06-10 Common Stock S 10000 $4.68 Disposed 67732 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $4.37 2010-06-06 Common Stock (60775) 60775 Direct
Stock Option $3.20 2013-10-23 Common Stock (52500) 52500 Direct

Footnotes

F1: Currently exercisable.

F2: Stock options are exercisable as follows: one-third exercisable afer 12 months from date of grant("10-24-2008"); two-thirds exercisable after 24 months from date of grant; and all exerciasable after 36 months from date of grant.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.63 to $4.73, inclusive. The reporting person undertakes to provide TGC Industries, Inc., any security holder of TGC Industries, Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.