SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HURTT STEPHANIE P

(Last) (First) (Middle)
P O BOX 643695

(Street)
VERO BEACH FL 32964-3695

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TGC INDUSTRIES INC [ TGE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 282,822(4)(5) D
Common Stock 38,441(1)(5) I By Family GST Exempt Trust(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Nonqualified Stock Option - reload $9.74(5) (6) 09/19/2012 Common Stock 9,453(5) 9,453(5) D
Nonqualified Stock Option $2.95(5) (3) 10/22/2013 Common Stock 25,536(5) 25,536(5) D
Nonqualified Stock Option $3.69(5) (3) 12/03/2014 Common Stock 20,933(5) 20,933(5) D
Nonqualified Stock Option $6.02(5) (2) 11/20/2016 Common Stock 17,679(5) 17,679(5) D
Nonqualified Stock Option $5.875 08/07/2012 A 18,750 (7) 08/06/2017 Common Stock 18,750 (8) 18,750 D
Explanation of Responses:
1. Reporting person disclaims beneficial ownership of shares owned by the William C. Hurtt Jr. Family GST Exempt Trust except to the extent of reporting persons pecuniary interest. Reporting person is a Co-Trustee of the Trust.
2. The option vests 50% on 11-21-2011 and 50% on 11-21-2012.
3. Currently exercisable.
4. Includes 14,472 shares of common stock held in Reporting Persons IRA account.
5. Adjusted for the five percent stock dividend paid to all shareholders of record on May 14, 2012.
6. Reload option vests six months from the date of grant.
7. The option vests 50% on 8-7-2012 and 50% on 8-7-2013.
8. Not applicable.
Stephanie P Hurtt 08/09/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.