OYO GEOSPACE CORP
4, 1997-12-10
MEASURING & CONTROLLING DEVICES, NEC
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<PAGE>   1
                                                  
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FORM 4             U.S. SECURITIES AND EXCHANGE COMMISSION
- ------                     WASHINGTON, D.C.  20549

                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] CHECK THIS BOX IF NO LONGER
    SUBJECT TO SECTION 16.  FORM 4 
    OR FORM 5 OBLIGATIONS MAY 
    CONTINUE.  SEE INSTRUCTION 1(b).

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(f) of
                      the Investment Company Act of 1940

                                (Print or Type Responses)

<TABLE>
<S>                                          <C>                                              <C>
1.  Name and Address of Reporting Person*    2.  Issuer Name and Ticker or Trading Symbol     3.  IRS or Social Security Number of 
                                                                                                  Reporting Person (Voluntary)     
    OHYA         SATORU                              OYO GEOSPACE CORPORATION (OYOG)
    -------------------------------------        ----------------------------------------         -------------------------------- 
    (Last)       (First)        (Middle)                                                                                 
                                           
                 OYO CORPORATION
    ICHIGAYA BUILDING 2-6, KUDAN-KITA 4-CHOME
    -----------------------------------------
                   (Street)

    CHIYODA-KU,   TOKYO 102 JAPAN      
    -------------------------------------------
    (City)        (State)         (Zip)
      
4.  Statement for Month/Year    5.  If Amendment, Date of     6.  Relationship of Reporting Person to Issuer  
                                    Original (Month/Year)         (Check all applicable)                      
             11/97                               
    ------------------------        ---------------------          X   Director                         X   10% Owner            
                                                                  ---                                  ---                        
                                                                       Officer (give title below)           Other (specify below)
                                                                  ---                                  ---                        
7.  Individual or Joint/Group Filing (Check Applicable)

       X   Form filed by One Reporting Person
      ---
           Form filed by More than One Reporting Person
      ---

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                        TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1.  Title of Security          2.  Transaction Date           3.  Transaction Code          4.  Securities Acquired (A) or 
    (Instr. 3)                     (Month/Day/Year)               (Instr.8)                     Disposed of (D) (Instr. 3, 4 and 5)
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                                                                  Code     /    V               Amount   /   (A) or (D)   /   Price
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    COMMON STOCK,                  11/26/97                       S            N/A              1,000,000        D            $14.00
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    $.01 PAR VALUE
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</TABLE>

<TABLE>
<CAPTION>
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                               5.  Amount of Securities       6.  Ownership Form:  Direct      7.   Nature of Indirect     
                                   Beneficially Owned             (D) or Indirect (I)               Beneficial Ownership
                                   at End of Month                (Instr. 4)                        (Instr. 4)
                                   (Instr. 3 and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                <C>                            <C>                               <C>

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                                   3,000,000                      I                                 BY OYO CORPORATION U.S.A. ***
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</TABLE>

Reminder: Report on a separate line for each class of securities beneficially 
          owned directly or indirectly.          
       *  If the form filed by more than one reporting person, see Instruction
          4(b)(v).                               
     ***  The shares indicated as indirectly owned by the reporting person are
          owned directly by OYO Corporation U.S.A. and are listed because of the
          reporting person's affiliation with OYO Corporation, the parent
          company of OYO Corporation U.S.A. The reporting person disclaims
          beneficial ownership of the shares owned by OYO Corporation owned by
          OYO Corporation U.S.A. within the meaning of Rule 13d-3 under the
          Securities Exchange Act of 1934, as amended (the "Exchange Act").  The
          reporting person owns 311,300 ordinary shares of OYO Corporation, and
          his wife and children collectively own 10,741 ordinary shares of OYO
          Corporation.  The reporting person disclaims beneficial ownership of
          the shares of OYO Corporation owned by his children within the meaning
          of Rule 13d-3 under the Exchange Act. 

                                                                 (Over)
                                                                 SEC 1474 (7/96)
                                                                 Page 1 of 2
<PAGE>   2
 
FORM 4 (CONTINUED)

TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
            (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
1. Title of    2. Conversion or     3. Transaction     4. Transaction        5. Number of Derivative      6. Date Exercisable and   
   Derivative     Exercise Price       Date (Month/       Code (Instr. 8)       Securities Acquired          Expiration Date    
   Security       of Derivative        Day/Year)                                (A) or Disposed of (D)       (Month/Day/Year) 
   (Instr. 3)     Security                                                      (Instr. 3, 4, and 5)                   
- -----------------------------------------------------------------------------------------------------------------------------------
                                                          Code   /   V           (A)     /     (D)        Date           Expiration
                                                                                                          Excersible     Date
- -----------------------------------------------------------------------------------------------------------------------------------
<S>            <C>                  <C>                <C>                   <C>                          <C>             <C>
- -----------------------------------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------------------------------

- -----------------------------------------------------------------------------------------------------------------------------------

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</TABLE>

<TABLE>
<CAPTION>

                       7.  Title and Amount     8.  Price of       9.  Number of         10.  Ownership          11.  Nature of
                           of Underlying            Derivative         Derivative             Form of                 Indirect 
                           Securities (Instr.       Security           Securities             Derivative              Beneficial
                           3 and 4)                 (Instr. 5)         Beneficially           Security;               Ownership
                                                                       Owned at               Direct (D)              (Instr. 4)
                                  Amount or                            End of                 or Indirect
                                  Number of                            Month                  (I) (Instr. 4)
                           Title   Shares                              (Instr. 4)
- -----------------------------------------------------------------------------------------------------------------------------------
<S>                    <C>                      <C>                <C>                   <C>                     <C>
- -----------------------------------------------------------------------------------------------------------------------------------

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</TABLE>

Explanation of Responses:
**    Intentional misstatements or omissions of facts constitute Federal 
      Criminal Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
***   The shares indicated as indirectly owned by the reporting person are 
      owned directly by OYO Corporation U.S.A. and are listed because
      of the reporting person's affiliation with OYO Corporation, the parent
      company of OYO Corporation U.S.A. The reporting person disclaims
      beneficial ownership of the shares owned by OYO Corporation owned by OYO
      Corporation U.S.A. within the meaning of Rule 13d-3 under the Securities
      Exchange Act of 1934, as amended (The "Exchange Act").  The reporting
      person owns 311,300 ordinary shares of OYO Corporation, and his wife and
      children collectively own 10,741 ordinary shares of OYO Corporation.  The
      reporting person disclaims beneficial ownership of the shares of OYO
      Corporation owned by his children within the meaning of Rule 13d-3 under
      the Exchange Act.
      
Note: File three copies of this Form, one of which must be manually signed.  
      If space provided is insufficient, see Instruction 6 for procedure.    

                              /s/ ERNEST M. HALL                     12/9/97
                            ---------------------------------------  -------
                         By:  Ernest M. Hall, Jr. attorney-in-fact     Date
                              **   Signature of Reporting Person            

                                                                   Page 2 of 2
                                                               SEC 1474 (7/96)


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