LEULIETTE TIMOTHY D 4
4 · GOODRICH PETROLEUM CORP · Filed Dec 23, 2021
Insider Transaction Report
Form 4
LEULIETTE TIMOTHY D
Director
Transactions
- Disposition from Tender
Common Stock
2021-12-23$23.00/sh−69,589$1,600,547→ 0 total - Exercise/Conversion
Common Stock
2021-12-23+10,804→ 69,589 total - Exercise/Conversion
Phantom Stock
2021-12-23−10,804→ 0 totalFrom: 2021-12-23Exp: 2021-12-23→ Common Stock (10,804 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. Pursuant to the Merger Agreement, immediately prior to the Acceptance Time, each award of phantom stock subject to time-based vesting that was outstanding immediately prior to the Acceptance Time vested in full and was canceled and converted into the right to receive, at the Effective Time, an amount in cash equal to (a) the number of shares of the Issuer's common stock subject to such phantom stock multiplied by (b) $23.00 (the "Merger Consideration").
- [F2]Pursuant to the terms of the Merger Agreement, all of the reporting person's shares of the Issuer's common stock were tendered and disposed of at the Acceptance Time in exchange for the right to receive the Merger Consideration.