FORM 4 [X] 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 *

Firefly Value Partners, LP
2. Issuer Name and Ticker or Trading Symbol

GULFPORT ENERGY CORP [ GPOR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

404 ROCKWOOD PATH, 
3. Date of Earliest Transaction (MM/DD/YYYY)

10/13/2020
(Street)

NEW HOPE, PA 18938
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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, $0.01 par value (1)10/13/2020  S  6799467 D$0.4064 (2)14106533 D (3) 

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

Explanation of Responses:
(1) This Form 4 is filed jointly by FVP Master Fund, L.P. ("FVP Master Fund"), Firefly Value Partners, LP ("Firefly Value Partners"), FVP GP, LLC ("FVP GP"), Firefly Management Company GP, LLC ("Firefly Management"), Ariel Warszawski and Ryan Heslop (collectively, the "Reporting Persons"). Following the transactions reported herein, the Reporting Persons ceased to beneficially own 10% or more of the Issuer's outstanding shares of Common Stock, $0.01 par value per share (the "Common Stock").
(2) The price reported in column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $0.3497 to $0.3550. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in this footnote.
(3) Securities owned directly by FVP Master Fund. As the investment manager of FVP Master Fund, Firefly Value Partners may be deemed to beneficially own the securities owned directly by FVP Master Fund. As the general partner of FVP Master Fund, FVP GP may be deemed to beneficially own the securities owned directly by FVP Master Fund. As the general partner of Firefly Value Partners, Firefly Management may be deemed to beneficially own the securities owned directly by FVP Master Fund. As a managing member of each of FVP GP and Firefly Management, each of Messrs. Heslop and Warszawski may be deemed to beneficially own the securities owned directly by FVP Master Fund. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

Remarks:
As of October 13, 2020, the Reporting Persons ceased to collectively beneficially own 10% or more of the Issuer's outstanding shares of Common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Firefly Value Partners, LP
404 ROCKWOOD PATH
NEW HOPE, PA 18938



Former 10% Owner
FVP Master Fund LP
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH
NEW HOPE, PA 18938



Former 10% Owner
Firefly Management CO GP, LLC
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH
NEW HOPE, PA 18938



Former 10% Owner
FVP GP, LLC
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH
NEW HOPE, PA 18938



Former 10% Owner
Heslop Ryan
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH
NEW HOPE, PA 18938



Former 10% Owner
Warszawski Ariel
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH
NEW HOPE, PA 18938



Former 10% Owner

Signatures
Firefly Value Partners, LP, By: Firefly Management Company GP, LLC, its general partner, By: /s/ Ariel Warszawski, Managing Member10/15/2020
**Signature of Reporting PersonDate

FVP Master Fund, L.P., By: FVP GP, LLC, its general partner, By: /s/ Ariel Warszawski, Managing Member10/15/2020
**Signature of Reporting PersonDate

Firefly Management Company GP, LLC, By: /s/ Ariel Warszawski, Managing Member10/15/2020
**Signature of Reporting PersonDate

FVP GP, LLC, By: /s/ Ariel Warszawski, Managing Member10/15/2020
**Signature of Reporting PersonDate

/s/ Ryan Heslop10/15/2020
**Signature of Reporting PersonDate

/s/ Ariel Warszawski10/15/2020
**Signature of Reporting PersonDate

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