Anchorage Capital Group, L.L.C. - Sep 8, 2021 Form 4 Insider Report for GOODRICH PETROLEUM CORP (GDP)

Role: 10%+ Owner
Signature: Anchorage Capital Group, L.L.C., By: /s/ Kevin M. Ulrich, Authorized Signatory
Stock symbol: GDP
Transactions as of: Sep 8, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/10/2021, 09:05 PM
Next filing: Sep 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GDP	Common Stock	Exercise of in-the-money or at-the-money derivative security		+49.8K	+6.55%		810K	Sep 8, 2021	By AIO V AIV 1 Holdings, L.P.	F1, F3, F4, F5
transaction	GDP	Common Stock	Exercise of in-the-money or at-the-money derivative security		+46.7K	+5.76%		857K	Sep 8, 2021	By Anchorage Illiquid Opportunities V, L.P.	F2, F3, F4, F5

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	GDP	Warrants (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-49.8K	-100%	$0.00^*	0	Sep 8, 2021	Common Stock	49.8K		By AIO V AIV 1 Holdings, L.P.	F1, F3, F4
transaction	GDP	Warrants (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-46.7K	-100%	$0.00^*	0	Sep 8, 2021	Common Stock	46.7K		By Anchorage Illiquid Opportunities V, L.P.	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares and warrants are held for the account of AIO V AIV 1 Holdings, L.P. ("AIV 1"). Anchorage Capital Group, L.L.C. ("Capital Group") is the investment manager to AIV 1. Anchorage Advisors Management, L.L.C. is the sole managing member of Capital Group. Mr. Ulrich is the Chief Executive Officer of Capital Group and the senior managing member of Anchorage Advisors Management, L.L.C.
F2	These shares and warrants are held for the account of Anchorage Illiquid Opportunities V, L.P. ("AIO V"). Capital Group is the investment manager to AIO V. Anchorage Advisors Management, L.L.C. is the sole managing member of Capital Group. Mr. Ulrich is the Chief Executive Officer of Capital Group and the senior managing member of Anchorage Advisors Management, L.L.C.
F3	These warrants were exercisable for 0.00001% of the Common Stock Deemed Outstanding (as defined in the Warrant Agreement) at the time of exercise, and became exercisable on July 14, 2021, the first date on which the product of (x) the Common Stock Deemed Outstanding and (y) the Current Sale Price (as defined in the Warrant Agreement), was equal to at least $230.0 million. The Warrant Agreement is incorporated herein by reference to Exhibit 10.6 to the Form 8-K filed by the Issuer on October 14, 2016.
F4	Each reporting person disclaims beneficial ownership of the reported securities except to the extent, if any, of its or his pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F5	The total number of shares beneficially owned by AIV 1 and AIO V reflect an additional 1,101 and 1,033 shares, respectively, that were distributed by the Issuer in the fourth quarter of 2018 to the Issuer's creditors per the Issuer's Plan of Reorganization.