GEOSPACE TECHNOLOGIES CORP — Director's Dealing 2011

Jul 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OYO GEOSPACE CORP (OYOG)
CIK: 0001001115
Period of Report: 2011-07-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-07	Common Stock, par value $.01 per share	M	8000	$17.56	Acquired	258302	Direct
2011-07-07	Common Stock, par value $.01 per share	S	42	$102.34	Disposed	258260	Direct
2011-07-07	Common Stock, par value $.01 per share	S	1744	$104.76	Disposed	256516	Direct
2011-07-07	Common Stock, par value $.01 per share	S	785	$105.10	Disposed	255731	Direct
2011-07-07	Common Stock, par value $.01 per share	S	429	$106.00	Disposed	255302	Direct
2011-07-07	Common Stock, par value $.01 per share	S	5000	$104.30	Disposed	250302	Direct
2011-07-07	Common Stock, par value $.01 per share	S	19180	$105.05	Disposed	231122	Direct
2011-07-08	Common Stock, par value $.01 per share	M	5301	$17.56	Acquired	236423	Direct
2011-07-08	Common Stock, par value $.01 per share	S	429	$103.11	Disposed	235994	Direct
2011-07-08	Common Stock, par value $.01 per share	S	2571	$104.79	Disposed	233423	Direct
2011-07-08	Common Stock, par value $.01 per share	S	2301	$106.00	Disposed	231122	Direct
2011-07-08	Common Stock, par value $.01 per share	S	3795	$105.62	Disposed	227327	Direct
2011-07-08	Common Stock, par value $.01 per share	S	6685	$106.31	Disposed	220642	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-07	Options (right to buy)	$17.56	M	8000	Disposed	2013-02-28	Common Stock (8000)	Direct
2011-07-08	Options (right to buy)	$17.56	M	5301	Disposed	2013-02-28	Common Stock (5301)	Direct

Footnotes

F1: The shares were issued upon the exercise of options (described in Table II) and then immediately sold. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: The shares that were issued upon the exercise of options were immediately sold, as is presented in Table I.

F3: These options will vest in four equal annual installments beginning December 5, 2009 and will be fully vested on December 5, 2012.

F4: This number represents the partial exercise of the options issued to Mr. Owens in February 2003 to purchase shares of common stock, par value $.01 per share, of OYO Geospace Corporation.

F5: Pursuant to General Instruction 4(c)(iii) of Form 4, the exercise price is reported in Column 2 of this Table II.

F6: Includes options to purchase shares of common stock, par value $.01 per share, of OYO Geospace Corporation with an expiration date of December 5, 2018 and an exercise price of $17.56 per share.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.00 to $104.99. The reporting person undertakes to provide OYO Geospace Corporation, any security holder of OYO Geospace Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (7), (8), (9), (10), (11), (12), (13) and (14) to this Form 4.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.99.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.00 to $104.99.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.99. These shares were reported as directly beneficially owned but, as previously reported, were contributed to an irrevocable trust for the benefit of Mr. Owens' children on December 12, 2008. Mr. Owens is the trustee and retains the voting rights with respect to the shares.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.00 to $103.99.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.01 to $105.00.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $105.99. These shares were reported as directly beneficially owned but, as previously reported, were contributed to an irrevocable trust for the benefit of Mr. Owens' children on December 12, 2008. Mr. Owens is the trustee and retains the voting rights with respect to the shares.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.00 to $106.99. These shares were reported as directly beneficially owned but, as previously reported, were contributed to an irrevocable trust for the benefit of Mr. Owens' children on December 12, 2008. Mr. Owens is the trustee and retains the voting rights with respect to the shares.