4//SEC Filing
McWatters Kristen 4
Accession 0001104659-21-153123
CIK 0000943861other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 4:14 PM ET
Size
12.5 KB
Accession
0001104659-21-153123
Insider Transaction Report
Form 4
McWatters Kristen
Sr. Vice President, CFO & CAO
Transactions
- Exercise/Conversion
Phantom Stock (Performance Units)
2021-12-23−10,000→ 0 totalFrom: 2021-12-23Exp: 2021-12-23→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2021-12-23+11,667→ 23,099 total - Disposition from Tender
Common Stock
2021-12-23$23.00/sh−23,099$531,277→ 0 total - Exercise/Conversion
Phantom Stock
2021-12-23−1,667→ 0 totalFrom: 2021-12-23Exp: 2021-12-23→ Common Stock (1,667 underlying)
Footnotes (3)
- [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]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 performance-based vesting that was outstanding immediately prior to the Acceptance Time vested based on actual achievement of the performance criteria for a truncated performance period beginning on the date of grant and ending at the Acceptance Time. Based upon the performance criteria for the truncated performance period, the reporting person earned 200% of the target payment. Each award of phantom stock subject to performance-based vesting 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) the Merger Consideration.
- [F3]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.
Documents
Issuer
GOODRICH PETROLEUM CORP
CIK 0000943861
Entity typeother
Related Parties
1- filerCIK 0001835971
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 4:14 PM ET
- Size
- 12.5 KB