Dawson Geophysical : Statement of Changes in Beneficial Ownership - Form 4
August 18, 2022 at 10:44 am EDT
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Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(**)
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(1)
Includes 50,000 restricted stock units, which may be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Common Stock of the Issuer.
(2)
Dawson Geophysical Company and the Reporting Person entered into a mutual agreement for the cash settlement of all vested cash-settled RSUs held by the Reporting Person as of the Transaction Date. Following the Transaction, the Reporting Person holds zero (0) shares of Dawson Geophysical Company Common Stock and zero (0) Dawson Geophysical Company restricted stock units.
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Dawson Geophysical Company published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 14:43:03 UTC.
Dawson Geophysical Company is a provider of North American onshore seismic data acquisition services with operations throughout the continental United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data solely for its clients, ranging from major oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. Its seismic data acquisition crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. In addition to conventional 2-D and 3-D seismic surveys, it provides multi-component seismic data surveys. Multi-component surveys involve the recording of alternative seismic waves known as shear waves. It markets and supplements its services in the continental United States, two other cities in Texas, and in Canada from its facilities in Calgary, Alberta.