SEC Form 4 · accession 0001140361-15-012720
GOODRICH PETROLEUM CORP · GDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Ferchau
Officer — Executive Vice President
Period of report
Mar 10, 2015
Accepted (ET)
Mar 19, 2015 · 6:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000943861
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | Mar 10, 2015 | A | 24,167 | A | — | — | Common Stock | 24,167 | 24,167 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of GDP common stock.
- F2The phantom stock vests in increments of one-third beginning March 10, 2016 for each of the next three years. Thus the reporting person will receive 8,056 shares of common stock of the issuer (or cash equal to the value of the common stock on the settlement dates, in the sole discretion of the issuer) on each of March 10, 2016 and 2017, and 8055 shares of common stock of the issuer (or cash equal to the value of the common stock on the settlement dates, in the sole discretion of the issuer) on March 10, 2018, as long as the reporting person remains affiliated with the company.