GOODRICH PETROLEUM CORP 4
4 · GOODRICH PETROLEUM CORP · Filed Jan 10, 2014
Insider Transaction Report
Form 4
Schott Jan L
VP & Controller
Transactions
- Award
Phantom Stock
2013-12-10+28,157→ 28,157 total→ Common Stock (28,157 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of GDP common stock.
- [F2]The phantom stock was awarded in consideration of the company's total shareholder return as compared to the performance of an E&P equity index. The phantom stock vests in increments of one-third beginning December 11, 2013 for each of the next three years. Thus the reporting person will receive 9,386 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 11, 2014 and 2015, and 9,385 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 11, 2016 as long as the reporting person remains affiliated with the company.