DAWSON GEOPHYSICAL CO — Director's Dealing 2015

Dec 4, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DAWSON GEOPHYSICAL CO (DWSN)
CIK: 0000799165
Period of Report: 2015-11-27

Reporting Person: BEDDOW CAPITAL MANAGEMENT INC (10% Owner)
Reporting Person: Beddow Edward George (INVESTMENT ADVISOR TO CLIENTS)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	2104357	Indirect
COMMON STOCK	60000	Direct
COMMON STOCK	1625	Indirect
COMMON STOCK	5375	Indirect

Footnotes

F1: The securities are held in Managed accounts over which the reporting person has investment discretion. The reporting persons disclaim beneficial ownership and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

F2: Shares owned by Edward George Beddow. Mr. Beddow, an additional reporting owner on this Form 3, is the sole shareholder of Beddow Capital Management, Inc. and as a controlling person of Beddow Capital Management, Inc. may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended, of the securities beneficially owned by Beddow Capital Management, Inc. Securities reported on this statement on Form 3 as being beneficially owned by Beddow Capital Management, Inc. were purchased on behalf of individual clients. The Reporting Persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest therein.

F3: The securities are held in the account of Eveleen H. Beddow Irrevocable Trust over which Edward Beddow has investment discretion. The reporting persons disclaim beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

F4: The securities are held in the account of Ann Frame, spouse of reporting person Edward Beddow. The reporting persons disclaim beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.