FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MORRISON MICHAEL L
2. Date of Event Requiring Statement (MM/DD/YYYY)
2/1/2020 

3. Issuer Name and Ticker or Trading Symbol

ION GEOPHYSICAL CORP [IO]
(Last)        (First)        (Middle)

2105 CITYWEST BLVD., SUITE 100
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
EVP & CFO /
(Street)

HOUSTON, TX 77042      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 9976 (1)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)  (2)12/1/2020 Common Stock 1066 $107.85 D  
Employee Stock Option (right to buy)  (2)12/1/2021 Common Stock 1066 $87.15 D  
Employee Stock Option (right to buy)  (2)12/1/2022 Common Stock 1000 $89.40 D  
Employee Stock Option (right to buy)  (2)6/1/2023 Common Stock 666 $95.85 D  
Employee Stock Option (right to buy)  (2)12/1/2023 Common Stock 1000 $57.90 D  
Employee Stock Option (right to buy)  (2)3/1/2024 Common Stock 1000 $61.05 D  
Employee Stock Option (right to buy)  (2)3/1/2026 Common Stock 1764 $3.10 D  
Employee Stock Option (right to buy) 3/1/2020 3/1/2026 Common Stock 1250 $3.10 D  
Stock Appreciation Right  (3)12/1/2028 Common Stock 10249 $8.85 D  

Explanation of Responses:
(1) Includes 9,611 shares of restricted stock and 365 shares of common stock.
(2) Fully Vested and Exercisable.
(3) Cash-settled Stock Appreciation Right ("SARs") issued pursuant to the ION Geophysical Corporation 2018 Stock Appreciation Rights Plan. The SARs are subject to both time-based and performance-based vesting requirements. The time-based vesting requirements provide that the SARs vest in three equal installments beginning on the first anniversary of the grant date, subject to satisfaction of the performance-based vesting requirements. The performance-based vesting requirements provide that the SARs vest in three equal portions upon achievement of ION common stock 20 day volume weighted average price per share targets of $17.50, $22.50 and $27.50, subject to satisfaction of the time-based vesting requirements. The maximum value of each SAR is capped at $27.50.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
MORRISON MICHAEL L
2105 CITYWEST BLVD., SUITE 100
HOUSTON, TX 77042


EVP & CFO

Signatures
/s/ Rebecca F. Sacco, attorney-in-fact2/7/2020
**Signature of Reporting PersonDate

ION Geophysical (NYSE:IO)
Historical Stock Chart
From Apr 2020 to May 2020 Click Here for more ION Geophysical Charts.
ION Geophysical (NYSE:IO)
Historical Stock Chart
From May 2019 to May 2020 Click Here for more ION Geophysical Charts.