Key facts
- This page summarizes Kristen McWatters's Form 4 filing for GOODRICH PETROLEUM CORP.
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 23 Dec 2021, 15:14.
Kristen McWatters - 23 Dec 2021 Form 4 Insider Report for GOODRICH PETROLEUM CORP
- Reporting relationship
- Sr. Vice President, CFO & CAO
- Issuer ticker
- N/A
- Reported as of
- 23 Dec 2021
- Net transaction value
- -$531,277
- SEC form
- 4
- Accepted by SEC
- 23 Dec 2021, 15:14:55 UTC
- Prior SEC filing
- 14 Dec 2021
- Next SEC filing
- 03 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kristen McWatters
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Kristen McWatters filed Form 4 for GOODRICH PETROLEUM CORP on 23 Dec 2021.
Change
- Previous filing in this sequence was filed on 14 Dec 2021.
- Current net transaction value: -$531,277.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GDP
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +11,667
- Change %
- +102%
- Price
- Shares after
- 23,099
- Date
- 23 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F2
GDP
transaction
Common Stock
Disposition pursuant to a tender of shares in a change of control transaction
- Transaction value
- $531,277
- Shares
- -23,099
- Change %
- -100%
- Price
- $23.00
- Shares after
- 0
- Date
- 23 Dec 2021
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GDP
transaction
Derivative
Phantom Stock
Options Exercise
- Transaction value
- Shares
- -1,667
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 23 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,667
- Exercise price
- Footnotes
- F1
GDP
transaction
Derivative
Phantom Stock (Performance Units)
Options Exercise
- Transaction value
- Shares
- -10,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 23 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,000
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Kristen McWatters is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote 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").
Footnote 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.
Footnote 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.
SEC remarks
Capitalized terms used herein without definition have the meanings ascribed to them in the Agreement and Plan of Merger, dated as of November 21, 2021, among the Issuer, Paloma Partners VI Holdings, LLC and Paloma VI Merger Sub, Inc. (the "Merger Agreement").