GEOSPACE TECHNOLOGIES CORP — Director's Dealing 2008

Jul 21, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OYO GEOSPACE CORP (OYOG)
CIK: 0001001115
Period of Report: 2008-07-17

Reporting Person: OWENS GARY D (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-17	Common Stock, par value $.01 per share	M	10000	$14.56	Acquired	240000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-17	Options (right to buy)	$14.56	M	10000	Disposed	2008-11-16	Common Stock (10000)	Direct

Footnotes

F1: These shares were issued upon the exercise of options (described in Table II).

F2: This option became exercisable in equal annual installments over a four year period. The option became fully exercisable on November 16, 2002.

F3: Pursuant to General Instruction C(iii) of Form 4, the exercise price is reported in Cell 2 of this Table II.

F4: Includes options to purchase shares of common stock, par value $.01 per share, of OYO Geospace Corporation having varying exercise dates, expiration dates and exercise prices.