Statement of Changes in Beneficial Ownership (4)

Date : 12/11/2019 @ 11:06PM
Source : Edgar (US Regulatory)
Stock : Goodrich Petroleum Corporation (GDP)
Quote : 4.03  0.06 (1.51%) @ 9:00PM

Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FERCHAU MARK E
2. Issuer Name and Ticker or Trading Symbol

GOODRICH PETROLEUM CORP [ GDP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive Vice President
(Last)          (First)          (Middle)

C/O GOODRICH PETROLEUM CORPORATION, 801 LOUISIANA, SUITE 700
3. Date of Earliest Transaction (MM/DD/YYYY)

12/9/2019
(Street)

HOUSTON, TX 77002
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/9/2019  M  28658 A (1)186727 D  
Common Stock 12/9/2019  F  6978 D$9.73 179749 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock  (1)12/9/2019  M     28658  12/9/2019 12/9/2019 Common Stock 28658 $0.00 0 D  
Phantom Stock  (4)12/10/2019  A   39185     (2) (2)Common Stock 39185 $0 39185 D  
Performance Share Unit (3) (4)12/10/2019  A   39185     (3) (3)Common Stock 39185 $0 39185 D  

Explanation of Responses:
(1) Each share of phantom stock is the economic equivalent of one share of GDP common stock. On December 9, 2019 the reporting person settled one-third of the shares of phantom stock that were granted to him on December 8, 2016.
(2) The phantom stock vests in increments of one-third beginning December 10, 2020 for each of the next three years. Thus the reporting person will receive 13,062 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 10, 2020 and 2021 and 13,061 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 10, 2022, as long as the reporting person remains affiliated with the company.
(3) Each performance share unit represents a contingent right to receive one share of common stock. The number of performance share units that will vest on December 10, 2022 can range from 0% to 250% of the units granted based upon the issuer's absolute total shareholder return over a three year period.
(4) Each share is the economic equivalent of one share of GDP common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
FERCHAU MARK E
C/O GOODRICH PETROLEUM CORPORATION
801 LOUISIANA, SUITE 700
HOUSTON, TX 77002


Executive Vice President

Signatures
Mark E. Ferchau12/11/2019
**Signature of Reporting PersonDate

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