SEC Form 4 · accession 0001140361-15-035753
GOODRICH PETROLEUM CORP · GDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Turnham Jr.
Officer — President & COO · Director
Period of report
Sep 21, 2015
Accepted (ET)
Sep 23, 2015 · 4:23 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 | — | Sep 21, 2015 | A | 455,625 | A | — | — | Common Stock | 455,625 | 455,625 | D |
| 5.375% Series B Convertible Preferred StockF3 | — | holding | — | — | — | — | — | Common Stock | 4,784 | 3,000 | 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 on the anniversary date of the grant for each of the next three years. Thus the reporting person will receive 151,875 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 September 21, 2016, 2017 and 2018, as long as the reporting person remains affiliated with the company.
- F3The Series B Convertible Preferred Stock has no expiration date and is convertible at any time into common stock at a rate of 1.5946 per share.