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 *
Malone Philip G
   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)
Senior VP - Exploration
(Last)
(First)
(Middle)
5336 STADIUM TRACE PKWY, SUITE 206		 3. Date of Earliest Transaction (Month/Day/Year)
01/05/2011
(Street)

BIRMINGHAM, AL 35244		 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)
Code V Amount (A) or (D) Price
Common Stock 01/05/2011   A   7,261 (1) (2) A (1) 522,972 (3) D  
Common Stock               443,684 I Held by spouse (4)

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) $ 13 01/05/2011   D     15,822 (5) 04/18/2007(5) 04/17/2013 Common Stock 15,822 (1) 0 D  
Stock Options (right to buy) $ 8.3 01/05/2011   D     26,850 (6) 09/20/2008(6) 09/19/2014 Common Stock 26,850 (1) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Malone Philip G
5336 STADIUM TRACE PKWY
SUITE 206
BIRMINGHAM, AL 35244		   X     Senior VP - Exploration  

Signatures

 /s/ Philip G. Malone   01/07/2011
**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) On January 5, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, options granted to the reporting person on April 18, 2006 and September 20, 2007. In exchange for the options, the reporting person received 7,261 shares of restricted stock.
(2) 2,420 shares of the restricted stock, received in exchange for options that were not vested, vest ratably over a four year period beginning on January 5, 2012 and 4,841 shares of the restricted stock, received in exchange for options that were vested, vest ratably over a three year period beginning on January 5, 2012.
(3) Due to an inadvertent mathematical calculation, the Amount of Securities Beneficially Owned Following Reported Transaction(s) in Table I reported on the Form 4 dated March 23, 2009, should have been 502,655 shares instead of 502,665 shares, a difference of 10 shares. Accordingly, the Amount of Securities Beneficially Owned Following Reported Transaction(s) in Table I reported on the Form 4 dated September 20, 2010 should be reduced by 10 shares.
(4) The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
(5) Consists of nonqualified stock options to purchase 5,274 shares of common stock and incentive stock options to purchase 10,548 shares of common stock. The incentive stock options vest ratably over a three year period beginning on April 18, 2007. The vesting of the nonqualified stock options is conditioned upon the achievement of certain performance targets by GeoMet, Inc. On January 5, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, these options and in exchange for these options, the reporting person received 722 shares of restricted stock.
(6) Consists of nonqualified stock options to purchase 8,950 shares of common stock and incentive stock options to purchase 17,900 shares of common stock. The incentive stock options vest ratably over a three year period beginning on September 20, 2008. The vesting of the nonqualified stock options is conditioned upon the achievement of certain performance targets by GeoMet, Inc. On January 5, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, these options and in exchange for these options, the reporting person received 6,539 shares of restricted stock.

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