SEC Form 4 · accession 0001140361-16-046908
GOODRICH PETROLEUM CORP · GDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter G Goodrich
Officer — Chairman and CEO · Director
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 5:11 pm EST
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 | — | Jan 4, 2016 | A | 17,812 | A | — | — | Common Stock | 17,812 | 17,812 | D |
| 10.00% Series E Cumulative Convertible Preferred StockF3 | — | holding | — | — | — | — | — | Common Stock | 40,000 | 8,000 | 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 beginning September 21, 2016. Thus the reporting person will receive 5,938 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 September 21, 2016, and 5,937 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, 2017 and 2018, as long as the reporting person remains affiliated with the company.
- F3The Series E Preferred Stock has no expiration date and is convertible at any time, at the holder's election, into Goodrich Petroleum Corporation common stock at a rate of 5.0 shares of common stock per depositary share of Series E Preferred Stock.