11 Feb 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 200 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Feb 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 156,500 shares on the open market.
26 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 8,800 shares on the open market.
22 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 10,300 shares on the open market.
20 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 28,000 shares on the open market.
14 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 16,200 shares on the open market.
12 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 21,000 shares on the open market.
8 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC bought 20,001 shares on the open market.
5 Jan 2009director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners Gp, LLC disposed of 101,921 shares via option/appreciation-right settlement.
11 Dec 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman sold 9,314 shares.
11 Dec 2008director interest notice● Neutral
GEOKINETICS INC President and CEO Miles Richard F bought 10,000 shares on the open market.
9 Dec 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Dane Andreeff sold 105,761 shares.
24 Nov 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman sold 6,800 shares.
21 Nov 2008director interest notice● Neutral
GEOKINETICS INC VP & Chief Accounting Officer Hess Mark A bought 10,000 shares on the open market.
20 Nov 2008director interest notice● Neutral
GEOKINETICS INC Executive VP Parker Lee bought 10,000 shares on the open market.
20 Nov 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Dane Andreeff sold 20,000 shares.
19 Nov 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman sold 6,200 shares.
18 Nov 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman sold 15,000 shares.
7 Nov 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Dane Andreeff sold 25,000 shares.
23 Oct 2008director interest notice● Neutral
GEOKINETICS INC President and CEO Miles Richard F received 10,000 shares as part of the equity award.
17 Oct 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman sold 2,500 shares.
14 Oct 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman sold 1,955 shares.
19 Aug 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Dane Andreeff sold 30,866 shares.
18 Aug 2008substantial holder notice● Neutral
Andreeff Equity Advisors, L.L.C., Dane Andreeff, Maple Leaf Partners, L.P., Maple Leaf Offshore, Ltd., Maple Leaf Capital I, L.L.C. reported a GEOKINETICS INC shareholding of 2,010,406 shares (19.30% of votes) in a periodic institutional filing.
13 Aug 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Dane Andreeff sold 51,665 shares.
30 July 2008capital raising announcement● NeutralMajor
On July 28, 2008 Geokinetics sold Avista Capital Partners entities 120,000 shares of new Series B-2 convertible preferred stock plus five-year warrants for 240,000 common shares at $20.00, for $30 million in total. This adds to the Series B preferred first issued to Avista in December 2006, whose conversion terms are now stated: each preferred share converts into 10 common shares at the holder's option. The press release says 377,526 Series B shares are outstanding and the Series B holders have about 38% of the voting stock as-converted, so common shareholders are diluted. Proceeds are intended for the raised $80 million capital budget, working capital and general corporate purposes.
30 July 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Avista Capital Partners, L.p. bought 360,000 shares on the open market.
2 July 2008material agreement● NeutralMajor
On June 26, 2008 Geokinetics and PNC Bank amended the PNC credit agreement so the credit line can fund up to $80.0 million of 2008 capital spending (up from $50.0 million). The board also raised the 2008 capital budget from $64.7 million to $80.0 million. The amendment raised borrowing costs: Prime plus 1.5% for base rate loans, and LIBOR plus 3% with a 3% LIBOR floor. The press release ties the extra spending to customer demand for seabed (transition zone and OBC) recording capacity and expansion in other international markets.
25 June 2008director interest notice● Neutral
GEOKINETICS INC 10%+ owner Dane Andreeff sold 7,437 shares.
28 May 2008director interest notice● Neutral
GEOKINETICS INC director Gary M Pittman bought 5,000 shares on the open market at $19.58.