GEOSPACE TECHNOLOGIES CORP — Director's Dealing 2016

Nov 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK: 0001001115
Period of Report: 2016-11-16

Reporting Person: Wheeler Walter R. (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-16	Common Stock	A	6000	$0.00	Acquired	63925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-16	Options (right to buy)	$21.42	A	13700	Acquired	2026-11-16	Common Stock (13700)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (right to buy)	$14.87	2025-11-18	Common Stock (18400)	18400	Direct
Options (right to buy)	$21.945	2020-02-25	Common Stock (20000)	20000	Direct
Options (right to buy)	$8.78	2018-12-05	Common Stock (6000)	6000	Direct

Footnotes

F1: The performance option described in this line item is exercisable in installments upon the satisfaction of both (1) certain performance based vesting conditions relating to total shareholder return and (2) certain service based vesting conditions. Additional details regarding vesting and the form and terms of this performance option are available in the Company's Current Report on Form 8-K filed on November 20, 2015.

F2: This option vested in four equal annual installments beginning February 25, 2011 and is now fully exercisable.

F3: This option vested in four equal annual installments beginning February 5, 2012 and is now fully exercisable.