Edgar Filing: Sere J Darby

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. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Sere J Darby

2. Issuer Name and Ticker or Trading Symbol
GeoMet, Inc. [GMET]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President and CEO

(Last)

(First)

(Middle)

909 FANNIN, SUITE 1850

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2012

(Street)

HOUSTON, TX 77010

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2012		J⁽⁵⁾		99,108 ⁽⁵⁾	A	$ 0	829,426 ⁽²⁾ ⁽³⁾ ⁽⁴⁾ ⁽⁶⁾	D
Common Stock								1,900	I	By Spouse ⁽¹⁾
Common Stock								256,231	I	By Limited Partnership ⁽¹⁾
Common Stock								97,236	I	By Charitable Family Foundation ⁽¹⁾
Common Stock								1,997	I	By Controlled Corporation ⁽¹⁾
Common Stock								44,451 ⁽³⁾	I	By GRAT ⁽¹⁾
Common Stock								44,451 ⁽⁴⁾	I	By Spouse's GRAT ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (Right to Buy)

$ 0.72

04/30/2012

D⁽⁷⁾

83,148

⁽⁸⁾

03/23/2016

Common Stock

83,148

⁽⁷⁾

Stock Options (Right to Buy)

$ 0.72

04/30/2012

A⁽⁷⁾

83,148

04/30/2012

04/30/2015

Common Stock

83,148

⁽⁷⁾

83,148

Stock Options (Right to Buy)

$ 0.875

04/30/2012

D⁽⁷⁾

129,141

09/20/2013

09/20/2017

Common Stock

129,141

⁽⁷⁾

Stock Options (Right to Buy)

$ 0.875

04/30/2012

A⁽⁷⁾

129,141

04/30/2012

04/30/2015

Common Stock

129,141

⁽⁷⁾

129,141

Stock Options (Right to Buy)

$ 1.59

04/30/2012

D⁽⁷⁾

148,662

04/05/2014

04/05/2018

Common Stock

148,662

⁽⁷⁾

Stock Options (Right to Buy)

$ 1.59

04/30/2012

A⁽⁷⁾

148,662

04/30/2012

04/30/2015

Common Stock

148,662

⁽⁷⁾

148,662

Stock Options (Right to Buy)

$ 2.5

04/30/2012

D⁽⁷⁾

106,660

01/30/2006

05/19/2013

Common Stock

106,660

⁽⁷⁾

Stock Options (Right to Buy)

$ 2.5

04/30/2012

A⁽⁷⁾

106,660

01/30/2006

05/19/2013

Common Stock

106,660

⁽⁷⁾

106,660

Stock Options (Right to Buy)

$ 2.5

04/30/2012

D⁽⁷⁾

213,320

01/30/2006

09/22/2013

Common Stock

213,320

⁽⁷⁾

Stock Options (Right to Buy)

$ 2.5

04/30/2012

A⁽⁷⁾

213,320

01/30/2006

09/22/2013

Common Stock

213,320

⁽⁷⁾

213,320

Stock Options (Right to Buy)

$ 2.5

04/30/2012

D⁽⁷⁾

106,660

01/30/2006

04/27/2014

Common Stock

106,660

⁽⁷⁾

Stock Options (Right to Buy)

$ 2.5

04/30/2012

A⁽⁷⁾

106,660

01/30/2006

04/27/2014

Common Stock

106,660

⁽⁷⁾

106,660

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Sere J Darby 909 FANNIN, SUITE 1850 HOUSTON, TX 77010	X		President and CEO

Signatures

/s/ J. Darby Sere		05/01/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
(2)	9,693 shares of common stock were transferred by the reporting person to his adult son on October 31, 2011.
(3)	75,106 shares of common stock were transferred by the J. Darby Sere 2008 Annuity Trust to the reporting person and his spouse jointly on March 13, 2012.
(4)	75,106 shares of common stock were transferred by the Judith A. Sere 2008 Annuity Trust to the reporting person and his spouse jointly on March 13, 2012.
(5)	Reflects the number of restricted stock units that vested under the reporting person's severance agreement.
(6)	Includes 93,282 shares of restricted stock that vested under the reporting person's severance agreement.
(7)	The reported transactions involved amendments to outstanding options as part of the reporting person's severance agreement, which resulted in the deemed cancellation of the "old" options and the grant of replacement options that remain exercisable for up to three years after the reporting person's termination date.
(8)	The options had a performance vesting schedule so there was no fixed vesting date.

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