SEC Form 4 · accession 0001140361-16-057458
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
Mar 10, 2016
Accepted (ET)
Mar 11, 2016 · 3:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000943861
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 10, 2016 | M | 11,667 | — | A | 363,710 | D | |
| Common Stock | Mar 10, 2016 | F | 3,809 | $0.08 | D | 359,901 | D | |
| Common Stock | holding | — | — | — | 381,409 | I | Goodrich Energy Inc. | |
| Common Stock | holding | — | — | — | 100,000 | I | through spouse | |
| Common Stock | holding | — | — | — | 57,125 | I | HGF Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | — | Mar 10, 2016 | M | 11,667 | D | Mar 10, 2016 | Mar 10, 2016 | Common Stock | 11,667 | 23,333 | D |
| 10.00% Series E Cumulataive Convertible Preferred StockF2,F3 | — | 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.
- F2Depositary shares each representing a 1/1000th ownership interest in a share of 10.00% Series E Cumulative Convertible Preferred Stock (the "Series E Preferred Stock").
- 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.