GEOSPACE TECHNOLOGIES CORP — Director's Dealing 2013

Feb 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK: 0001001115
Period of Report: 2013-02-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-11	Common Stock, par value $.01 per share	M	10552	$8.78	Acquired	231576	Direct
2013-02-11	Common Stock, par value $.01 per share	S	1668	$106.0157	Disposed	229908	Direct
2013-02-11	Common Stock, par value $.01 per share	S	8679	$106.7619	Disposed	221229	Direct
2013-02-11	Common Stock, par value $.01 per share	S	205	$107.666	Disposed	221024	Direct
2013-02-12	Common Stock, par value $.01 per share	M	6948	$8.78	Acquired	227972	Direct
2013-02-12	Common Stock, par value $.01 per share	S	6948	$106.992	Disposed	221024	Direct
2013-02-12	Common Stock, par value $.01 per share	S	220260	$102.75	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-11	Options (right to buy)	$8.78	M	10552	Disposed	2018-12-05	Common Stock, par value $.01 per share (10552)	Direct
2013-02-12	Options (right to buy)	$8.78	M	6948	Disposed	2018-12-05	Common Stock, par value $.01 per share (6948)	Direct

Footnotes

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

F2: On October 18, 2012, the common stock of Geospace Technologies Corporation (the "Company") split 2-for-1, resulting in the reporting person's direct ownership of 110,512 additional shares of common stock, indirect ownership of 110,130 additional shares of common stock, and 8,750 additional options whose strike price was reduced to $8.78.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.53 to $106.50, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 this footnote.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.53 to $107.52, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 this footnote.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.57 to $107.81, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 this footnote.

F6: The shares that were issued upon the exercise of options were immediately sold, as is presented in Table I.

F7: Pursuant to General Instruction 4(c)(iii) of Form 4, the exercise price is reported in Column 2 of this Table II.