CUSIP NO. 382410843 Page 1 of 11
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
GOODRICH PETROLEUM CORPORATION
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
382410843
(CUSIP Number)
Maria Gray
Vice President and Secretary
Franklin Resources, Inc.
One Franklin Parkway
San Mateo, CA 94403‑1906
800‑632‑2350
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 1, 2018
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the
subject of this Schedule 13D, and is filing this schedule because of §§240.13d‑1I, 240.13d‑1(f) or
240.13d‑1(g), check the following box.[ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule,
including all exhibits. See §240.13d‑7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the
purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes hereto).
CUSIP NO. 382410843 Page 2 of 11
1. NAMES OF REPORTING PERSONS.
Franklin Resources, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. SOURCE OF FUNDS
OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2I[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
(See Item 5)
8. SHARED VOTING POWER
(See Item 5)
9. SOLE DISPOSITIVE POWER
(See Item 5)
10. SHARED DISPOSITIVE POWER
(See Item 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,552,815 [1]
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.6% [2]
14. TYPE OF REPORTING PERSON
HC, CO (See Item 5)
[1] Includes 410,157 shares of common stock issuable on conversion of debt securities(as computed under Rule
13d‑3(d)(1)(i)).
[2] Percentage of class is based on 10,538,513 outstanding shares of Common Stock as of November 8, 2017, as reported on
Goodrich Petroleum Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, filed with
the Securities Exchange Commission on November 8, 2017.
CUSIP NO. 382410843 Page 3 of 11
1. NAMES OF REPORTING PERSONS.
Charles B. Johnson
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. SOURCE OF FUNDS
OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2I[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
(See Item 5)
8. SHARED VOTING POWER
(See Item 5)
9. SOLE DISPOSITIVE POWER
(See Item 5)
10. SHARED DISPOSITIVE POWER
(See Item 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,552,815 [3]
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.6% [4]
14. TYPE OF REPORTING PERSON
HC,IN (See Item 5)
[3] Includes 410,157 shares of common stock issuable on conversion of debt securities(as computed under Rule
13d‑3(d)(1)(i)).
[4] Percentage of class is based on 10,538,513 outstanding shares of Common Stock as of November 8, 2017, as reported on
Goodrich Petroleum Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, filed with
the Securities Exchange Commission on November 8, 2017.
CUSIP NO. 382410843 Page 4 of 11
1. NAMES OF REPORTING PERSONS.
Rupert H. Johnson, Jr.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. SOURCE OF FUNDS
OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2I[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
(See Item 5)
8. SHARED VOTING POWER
(See Item 5)
9. SOLE DISPOSITIVE POWER
(See Item 5)
10. SHARED DISPOSITIVE POWER
(See Item 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,552,815 [5]
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.6% [6]
14. TYPE OF REPORTING PERSON
HC,IN (See Item 5)
[5] Includes 410,157 shares of common stock issuable on conversion of debt securities(as computed under Rule
13d‑3(d)(1)(i)).
[6] Percentage of class is based on 10,538,513 outstanding shares of Common Stock as of November 8, 2017, as reported on
Goodrich Petroleum Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, filed with
the Securities Exchange Commission on November 8, 2017.
CUSIP NO. 382410843 Page 5 of 11
1. NAMES OF REPORTING PERSONS.
Franklin Advisers, Inc.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
3. SEC USE ONLY
4. SOURCE OF FUNDS
OO, WC
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2I[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER
4,552,815
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
4,552,815
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,552,815 [7]
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41.6% [8]
14. TYPE OF REPORTING PERSON
IA,CO (See Item 5)
[7] Includes 410,157 shares of common stock issuable on conversion of debt securities(as computed under Rule
13d‑3(d)(1)(i)).
[8] Percentage of class is based on 10,538,513 outstanding shares of Common Stock as of November 8, 2017, as reported on
Goodrich Petroleum Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, filed with
the Securities Exchange Commission on November 8, 2017.
CUSIP NO. 382410843 Page 6 of 11
This Amendment No. 7 to the Statement on Schedule 13D amends the Statement on Schedule 13D originally filed with the Securities and Exchange Commission on October 24, 2016, as previously amended on December 19, 2016, March 3, 2017, June 2, 2017, September 28, 2017, November 13, 2017 and on January 4, 2018 which relates to shares of Common Stock, par value $0.01 per share (the “Shares”), of GOODRICH PETROLEUM CORPORATION a Delaware corporation (the “Issuer”). The Issuer’s principal executive offices are located at 801 Louisiana, Suite 700, Houston, Texas, 77002.
This Amendment No. 7 to Schedule 13D amends and supplements the previously amended Schedule 13D as follows. Except as provided herein, this Amendment No. 7 to Schedule 13D does not modify any of the information previously reported on such Schedule 13D, including any amendment thereto. The information herein is provided and is correct as of February 12, 2018. Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in such Schedule 13D as originally filed.
Item 4. Purpose of Transaction
The following paragraph is added to Item 4:
Between January 4, 2018 and February 12, 2018, the Funds sold 181,593 Shares in a public offering pursuant to the Issuer’s effective registration statement on behalf of the Funds.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety to read as follows:
(a-b) The Shares may be deemed to be beneficially owned by FAV for purposes of Rule 13d-3 under the Act in their capacity as the investment advisers to the Funds pursuant to investment management contracts that grant them investment and/or voting power. When an investment management contract (including a sub-advisory agreement) delegates to an investment management subsidiary investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, FRI treats the investment management subsidiary as having sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, FAV, as an investment management subsidiary, reports on Schedule 13D that it has sole investment discretion and voting authority over the securities covered by any such investment management agreement.
Beneficial ownership by Investment Management Subsidiaries and other FRI affiliates is being reported in conformity with the guidelines articulated by the SEC staff in Release No. 34 39538 (January 12, 1998) relating
to organizations, such as FRI, where related entities exercise voting and investment powers over the securities being reported independently from each other. The voting and investment powers held by Franklin Mutual Advisers,
LLC (“FMA”) and Franklin Advisory Services, LLC (“FAS”), each an indirect wholly owned Investment Management Subsidiary, are exercised independently from FRI and from all other Investment Management Subsidiaries (FRI, its
affiliates and the Investment Management Subsidiaries other than FMA and FAS are collectively, “FRI affiliates”). Furthermore, internal policies and procedures of FMA, FAS and FRI establish informational barriers that prevent
the flow between FMA and FAS, on the one hand, and the FRI affiliates, on the other hand, of information that relates to the voting and investment powers over the securities owned by their respective management clients.
Consequently, FMA and FAS report the securities over which they hold investment and voting power separately from the FRI affiliates for purposes of Section 13 of the Act.
Charles B. Johnson and Rupert H. Johnson, Jr. (the “Principal Shareholders”) each own in excess of 10% of FRI’s outstanding common stock and are the principal stockholders of FRI. FRI and the Principal Shareholders may be deemed to be, for purposes of Rule 13d‑3 under the Act, the beneficial owners of securities held by persons and entities for whom or for which FRI’s subsidiaries provide investment management services. The number of shares that may be deemed to be beneficially owned and the percentage of the class of which such shares are a part are reported in Items 11 and 13 of the cover pages for FRI and each of the Principal Shareholders. Items 11 and 13 of the cover pages for FAV, FRI and each of the Principal Shareholders are incorporated herein by reference. FRI, the Principal Shareholders and FAV disclaim any pecuniary interest in any of the Shares, Warrants and Notes. In addition, the filing of the Schedule 13D on behalf of the Principal Shareholders, FRI and FAV should not be construed as an admission that any of them is, and each disclaims that it is, the beneficial owner, as defined in Rule 13d‑3, of any of the Shares, Warrants or Notes.
FRI, the Principal Shareholders and FAV believe that they are not a “group” within the meaning of Rule 13d‑5 under the Act and that they are not otherwise required to attribute to each other the beneficial ownership of the Shares, Warrants and Notes held by any of them or by any persons or entities for whom or for which FAV provides investment management services.
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CUSIP NO. 382410843 Page 7 of 11
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The number of Shares as to which each reporting person on this Schedule 13D has:
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(i) |
Sole power to vote or to direct the vote of the Shares:
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Franklin Resources, Inc.: |
0 |
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Charles B. Johnson: |
0 |
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Rupert H. Johnson, Jr.: |
0 |
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Franklin Advisers, Inc.:
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4,552,815 |
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(ii) |
Shared power to vote or to direct the vote of the Shares: |
0 |
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(iii) |
Sole power to dispose or to direct the disposition of the Shares:
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Franklin Resources, Inc.: |
0 |
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Charles B. Johnson: |
0 |
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Rupert H. Johnson, Jr.: |
0 |
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Franklin Advisers, Inc.: |
4,552,815 | ||
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(iv) |
Shared power to dispose or to direct the disposition of the Shares: |
0 | ||
(c) Other than as listed in Exhibit A-4, none of the reporting persons have effected any transactions in the Shares, Warrants or Notes
during the past sixty days.
(d) Franklin Income Fund, a series of Franklin Custodian Funds, an investment company registered under
the Investment Company Act of 1940, has an interest in 1,817,357 Shares, or 16.6%, Franklin High
Income Fund, a series of Franklin High Income Trust, an investment company registered under the
Investment Company Act of 1940, has an interest in 1,951,604 Shares(which includes 386,720 Shares
issuable on conversion of debt securities), or 17.8%, and Franklin High Yield Fund, a sub-fund of
Franklin Templeton Investment Funds, a Luxembourg registered SICAV, has an interest in 576,519 shares, or
5.3% of the class of securities reported herein.
(e) Not applicable
CUSIP NO. 382410843 Page 8 of 11
Item 7. Material to Be Filed as Exhibits
Exhibit A: Principal Executive Officers and Directors of FRI
Exhibit A-4: Transactions in the past 60 Days.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Dated: February 15, 2018
Franklin Resources, Inc.
Charles B. Johnson
Rupert H. Johnson, Jr.
Franklin Advisers, Inc.
By: /s/MARIA GRAY
‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑
Maria Gray
Vice President and Secretary of Franklin Resources, Inc.
Attorney‑in‑Fact for Charles B. Johnson
Attorney‑in‑Fact for Rupert H. Johnson, Jr.
Secretary of Franklin Advisers, Inc.
Franklin Custodian Funds on behalf of
Franklin Income Fund
Franklin High Income Trust on behalf of
Franklin High Income Fund
Franklin Templeton Investment Funds on behalf of
Franklin High Yield Fund
By: /s/KIMBERLY H. NOVOTNY
‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑
Kimberly H. Novotny
Vice President and Assistant Secretary of Franklin Custodian Funds
Vice President and Assistant Secretary of Franklin High Income Trust
Attorney-in-Fact for Franklin Templeton Investment Funds
CUSIP NO. 382410843 Page 9 of 11
EXHIBIT A
PRINCIPAL EXECUTIVE OFFICERS, DIRECTORS AND PRINCIPAL STOCKHOLDERS OF REPORTING PERSONS
Except where otherwise noted, each of the individuals named below is a citizen of the
United States with a principal business address as indicated below.
|
Name |
Principal Occupation |
Residence or Business Address |
|
Gregory E. Johnson |
Chairman of the Board, Chief Executive Officer and a Director, FRI |
Franklin Resources, Inc. |
|
Rupert H. Johnson, Jr |
Vice Chairman, a Director and a Principal Stockholder, FRI |
Franklin Resources, Inc. |
|
Jennifer M. Johnson |
President and Chief Operating Officer, FRI |
Franklin Resources, Inc. |
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Kenneth A. Lewis |
Executive Vice President and Chief Financial Officer, FRI |
Franklin Resources, Inc. |
|
Craig S. Tyle |
Executive Vice President and General Counsel, FRI Chief Legal Officer, FAV |
Franklin Resources, Inc. |
|
Jed A. Plafker |
Executive Officer, FRI |
Franklin Resources, Inc. One Franklin Parkway |
|
Alok Sethi |
Executive Officer, FRI Citizen of India |
Franklin Resources, Inc. One Franklin Parkway |
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Peter K. Barker |
Director, FRI; Retired |
Franklin Resources, Inc. One Franklin Parkway |
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Mariann Byerwalter |
Director, FRI; Chairman of the Board, SRI International |
Franklin Resources, Inc. One Franklin Parkway |
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Charles E. Johnson |
Director, FRI; Founder and Managing Member, Tano Capital, LLC |
Franklin Resources, Inc. |
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Mark C. Pigott |
Director, FRI; Executive Chairman and Director, PACCAR Inc. |
Franklin Resources, Inc. |
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Chutta Ratnathicam |
Director, FRI; Retired |
Franklin Resources, Inc. |
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Laura Stein |
Director, FRI; Executive Vice President – General Counsel and Corporate Affairs, The Clorox Company |
Franklin Resources, Inc. |
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Seth H. Waugh
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Director, FRI; Non-Executive Chairman, Alex Brown, a division of Raymond James |
Franklin Resources, Inc. |
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Geoffrey Y. Yang |
Director, FRI; Managing Director and Founding Partner, Redpoint Ventures
|
Franklin Resources, Inc.
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CUSIP NO. 382410843 Page 10 of 11
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Name |
Principal Occupation |
Residence or Business Address |
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Charles B. Johnson |
Principal Stockholder, FRI |
Franklin Resources, Inc.
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Edward B. Jamieson |
President and a Director, FAV |
Franklin Resources, Inc. |
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Madison S. Gulley |
Executive Vice President, FAV |
Franklin Resources, Inc. Ft. Lauderdale, FL 33301 |
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Christopher J. Molumphy |
Executive Vice President and Director, FAV |
Franklin Resources, Inc. |
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Edward D. Perks |
Executive Vice President, FAV |
Franklin Resources, Inc. |
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Michael J. Hasenstab |
Executive Vice President, FAV |
Franklin Resources, Inc. |
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Michael P. McCarthy |
Executive Vice President and Chief Investment Officer, FAV |
Franklin Resources, Inc. |
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Stephen H. Dover |
Executive Vice President, FAV |
Franklin Resources, Inc. |
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William Y. Yun |
Executive Vice President, FAV |
Franklin Resources, Inc. |
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Thomas J. Fisher, Jr. |
Executive Vice President, FAV |
Franklin Resources, Inc. |
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Breda M. Beckerle |
Chief Compliance Officer, FAV |
Franklin Resources, Inc. |
FRI: Franklin Resources, Inc.
One Franklin Parkway
San Mateo, CA 94403‑1906
FRI is primarily engaged, through various subsidiaries, in providing investment management to the open-end investment companies in the Franklin Group of Funds and the Templeton Family of Funds and to domestic and international managed and institutional accounts. FRI’s principal line of business is providing investment management, administration, distribution and related services to the Franklin Templeton Funds, managed accounts and other investment products.
FRI is the direct parent entity to FAV (see further description below).
FAV: Franklin Advisers, Inc.
One Franklin Parkway
San Mateo, CA 94403 1906
An investment adviser registered with the SEC and investment manager or sub adviser to a number of U.S. registered open end and closed end investment companies in the Franklin Templeton Group of Funds,
non U.S. investment funds and private client accounts.
The transactions described below were sales of Common Stock.
|
Date of Transaction |
Number of Shares |
Price per Share (in U.S. Dollars) |
|
12/04/2017 |
119 |
10.7900 |
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12/05/2017 |
9,700 |
10.5770 |
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12/07/2017 |
6,800 |
10.3733 |
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12/08/2017 |
21,400 |
10.3950 |
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12/11/2017 |
8,400 |
10.4100 |
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12/13/2017 |
1,200 |
9.8744 |
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12/14/2017 |
561 |
10.0214 |
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12/15/2017 |
100 |
10.3600 |
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12/18/2017 |
3,412 |
10.0581 |
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12/19/2017 |
7,218 |
10.0281 |
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12/20/2017 |
12,758 |
10.3289 |
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12/21/2017 |
2,060 |
10.9003 |
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12/22/2017 |
700 |
10.8514 |
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12/26/2017 |
5,000 |
10.7063 |
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12/28/2017 |
12,040 |
10.8893 |
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12/29/2017 |
2,906 |
10.9208 |
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1/02/2018 |
17,094 |
10.8891 |
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1/03/2018 |
1,050 |
11.8805 |
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1/04/2018 |
30,979 |
11.8659 |
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1/05/2018 |
1,850 |
11.9423 |
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1/09/2018 |
13,422 |
12.1748 |
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1/10/2018 |
1,400 |
11.9532 |
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1/11/2018 |
21,399 |
12.0836 |
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1/12/2018 |
20,200 |
12.2887 |
|
1/16/2018 |
9,700 |
12.3750 |
|
1/25/2018 |
700 |
12.5750 |
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1/26/2018 |
68 |
12.0300 |
|
1/29/2018 |
4,600 |
12.0000 |
|
1/30/2018 |
29,100 |
12.0020 |
|
1/31/2018 |
3,600 |
11.6956 |
|
2/01/2018 |
9,100 |
11.5616 |
|
2/05/2018 |
5,900 |
11.1721 |
|
2/06/2018 |
20,400 |
11.0187 |
|
2/09/2018 |
2,375 |
10.9042 |
|
2/12/2018 |
6,800 |
11.0297 |
The transaction described below was a surrender of shares in a cashless exercise of the warrants.
|
2/07/2017 |
451
|
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The transaction described below was the acquisition of shares received from the cashless exercise of the warrants.
|
2/07/2017 |
546,875
|