4 2003-05-16 0 0000943861 GOODRICH PETROLEUM CORP GDP 0001007813 GOODRICH WALTER G 1 1 0 0 Vice Chairman and CEO Common Stock 2003-05-16 4 P 0 23700 3 A 401994 D Grant of Put Option (Obligation to Buy Common Stock) 2.05 2003-05-19 4 P 0 8750 0 A 2003-12-29 2004-01-05 Common Stock 8750 8750 D Call Option (Right to Buy Common Stock) 2.05 2003-05-19 4 P 0 8750 0 A 2004-01-06 2004-01-12 Common Stock 8750 17500 D Grant of Put Option (Obligation to Buy Common Stock) 2.05 2003-05-19 4 P 0 8750 0 A 2004-03-29 2004-04-02 Common Stock 8750 26250 D Call Option (Right to Buy Common Stock) 2.05 2003-05-19 4 P 0 8750 0 A 2004-04-05 2004-04-09 Common Stock 8750 35000 D Grant of Put Option (Obligation to Buy Common Stock) 2.05 2003-05-19 4 P 0 8750 0 A 2004-06-28 2004-07-02 Common Stock 8750 43750 D Call Option (Right to Buy Common Stock) 2.05 2003-05-19 4 P 0 8750 0 A 2004-07-06 2004-07-12 Common Stock 8750 52500 D The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price (as defined below) for the twenty trading days immediately preceding December 29, 2003 and (B) $4.50. "Volume Weighted Average Price" means, during the relevant period, the quotient of (x) the aggregate sale price for all shares of Common Stock traded on the New York Stock Exchange, divided by (y) the aggregate number of shares of Common Stock traded on the New York Stock Exchange. The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price for the twenty trading days immediately preceding March 29, 2004 and (B) $4.50. The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price for the twenty trading days immediately preceding June 28, 2004 and (B) $4.50. In May 2003, Mr. Goodrich entered into a purchase agreement under which he may elect to purchase, or may be required to purchase, shares of Common Stock as described in Table II. /s/ Walter G. Goodrich 2003-05-23