BARKER ROBERT T 4
4 · GOODRICH PETROLEUM CORP · Filed Dec 11, 2019
Insider Transaction Report
Form 4
BARKER ROBERT T
Controller
Transactions
- Exercise/Conversion
Common Stock
2019-12-09+7,542→ 31,071 total - Tax Payment
Common Stock
2019-12-09$9.73/sh−1,836$17,864→ 29,235 total - Award
Performance Share Unit
2019-12-10+10,563→ 10,563 total→ Common Stock (10,563 underlying) - Exercise/Conversion
Phantom Stock
2019-12-09−7,542→ 0 totalFrom: 2019-12-09Exp: 2019-12-09→ Common Stock (7,542 underlying) - Award
Phantom Stock
2019-12-10+10,564→ 10,564 total→ Common Stock (10,564 underlying)
Footnotes (4)
- [F1]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.
- [F2]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 3,521 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 3,522 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.
- [F3]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.
- [F4]Each share is the economic equivalent of one share of GDP common stock.