Silver Point Capital L.P. - Aug 2, 2021 Form 4/A - Amendment Insider Report for GULFPORT ENERGY CORP (GPOR)

Role
Director, 10%+ Owner
Signature
/s/ Steven Weiser, Authorized Signatory on behalf of Silver Point Capital, L.P.
Stock symbol
GPOR
Transactions as of
Aug 2, 2021
Transactions value $
$265,375
Form type
4/A - Amendment
Date filed
8/5/2021, 05:20 PM
Date Of Original Report
Aug 4, 2021
Previous filing
Jul 29, 2021
Next filing
Sep 20, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GPOR Series A Convertible Preferred Stock Purchase $265K +55 +0.24% $4,825.00* 22.9K Aug 2, 2021 Common Stock 3.93K Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each holder of shares of the Issuer's Series A Convertible Preferred Stock (the "Preferred Stock") has the right, at its option and at any time, to convert all or a portion of the shares of Preferred Stock that it holds into a number of shares of the Issuer's common stock equal to the quotient obtained by dividing (x) the product obtained by multiplying (i) the Liquidation Preference times (ii) an amount equal to one (1) plus the Per Share Makewhole Amount (as defined in the Preferred Terms) on the date of conversion, by (y) $14.00 per share (each as described in, and subject to the terms of, the definitive documentation governing the Preferred Stock.)
F2 On August 4, 2021, the Reporting Persons filed a Form 4 which inadvertently reported an incorrect transaction date in Table II of the Form 4. This amendment is being filed solely to reflect the correct transaction date of August 2, 2021.
F3 Includes 405 shares of Preferred Stock acquired as a payment-in-kind dividend.
F4 Silver Point Capital, L.P. ("Silver Point") or its wholly owned subsidiaries are the investment managers of Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners, L.P. and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds. [cont.]
F5 Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all the securities held by the Funds. Silver Point, Management and Messrs. Mule and O'Shea disclaim beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests.