The Iberia Margin is an excellent example of a passive rift. Multi-Channel Seismic (MCS) data consisting of the Line 14 reflection profile from the 1997 Iberia Seismic Experiment were processed and interpreted. Enhanced processing attenuated pervasive water-bottom multiple noise. MCS data image an extensional terrain that includes the Ocean-Continent Transition (OCT). The Moho is imaged locally. Extended crust was restored to an unextended state to quantify deformation. Horizontal strain tends to increase seaward along dip; the average strain is 46%. Crustal-thickness data indicate an average crustal thickness of 9.9 km. With certain assumptions regarding the observability of extension, the presence of 'pure shear' exclusively, and initial crustal thickness, there is a major discrepancy between the observed average crustal thickness and the average crustal thickness predicted by observed strain. The only satisfactory explanation is that crust has been removed by asymmetrical extension (simple shear).