SEC Form 4 · accession 0001140361-16-089427
GOODRICH PETROLEUM CORP · GDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert T Barker
Officer — VP, Controller, Interim CFO
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 6:44 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 | — | Dec 8, 2016 | A | 22,624 | A | — | — | Common Stock | 22,624 | 22,624 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of GDPP common stock.
- F2The phantom stock vests in increments of one-third beginning December 8, 2017 for each of the next three years. Thus the reporting person will receive 7,542 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 December 8, 2017 and 7,541 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 December 8, 2018 and 2019, as long as the reporting person remains affiliated with the company.