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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-K/A

(Amendment No. 1)







|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

For the fiscal year ended December 31, 2015

OR



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

Commission file number: 001-12719





GOODRICH
PETROLEUM CORPORATION

(Exact name of registrant as specified in its charter)







|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 76-0466193                          
|(State or other jurisdiction
of incorporation or organization) |  | (I.R.S. Employer
Identification No.)
|                                                               | 
|801 Louisiana, Suite 700
Houston, Texas                        |  | 77002                               
|(Address of principal executive offices)                       |  | (Zip code)                          

(713) 780-9494

(Registrants telephone number, including area code)

Securities Registered Pursuant to Section 12(b) of the Act:



|                                                                                                                                         |  |                        
|---------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------
|Common Stock, par value $0.20 per share                                                                                                  |  | OTC Marketplace        
|Depositary Shares, Each Representing 1/1000 Interest in a Share of 9.75% Series D Cumulative Preferred Stock, par value $1.00 per share  |  | OTC Marketplace        
|Depositary Shares, Each Representing 1/1000 Interest in a Share of 10.00% Series C Cumulative Preferred Stock, par value $1.00 per share |  | OTC Marketplace        
|(Title of Each Class)                                                                                                                    |  | (Name of Each Exchange)

Securities Registered Pursuant to Section 12(g) of the Act:

5.375% Series B Cumulative Convertible Preferred Stock, par value $1.00 per share

Depository Shares, each representing 1/1000 Interest of 10.00% Series E Cumulative Convertible Preferred Stock, par value $1.00 per share





Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act.    Yes   ̈    No   x

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
Act.    Yes   ̈    No  x

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No   ̈

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such
files).    Yes  x    No     ̈

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of Registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ̈

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.



|                        |  |   |  |                           |  |  
|----------------------- |  | - |  | ------------------------- |  | -
|Large accelerated filer |  |  ̈ |  | Accelerated filer         |  | x
|                        |  |   | 
|Non-accelerated filer   |  |  ̈ |  | Smaller reporting company |  |  ̈

Indicate by check mark whether the Registrant is a shell company (as defined in Exchange Act Rule
12b-2).    Yes   ̈    No  x

The aggregate market value of Common Stock, par value $0.20 per share, held by non-affiliates (based upon the closing sales price on the New
York Stock Exchange on June 30, 2015, the last business day of the registrants most recently completed second fiscal quarter) was approximately $99.2 million. The number of shares of the registrants common stock outstanding as of April
26, 2016 was 78,203,180.

Documents Incorporated By Reference:

None.









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EXPLANATORY NOTE

This Amendment No. 1 on Form 10-K/A (the Amendment) to Goodrich Petroleum Corporations (the Company or
we) Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (the Original Filing), originally filed with the Securities and Exchange Commission (the Commission) on March 30, 2016 (Commission File
No. 001-12719), is being filed solely to disclose all Part III information. In addition, in connection with the filing of this Amendment and pursuant to the rules of the Securities and Exchange Commission, the Company is including with this
Amendment certain currently-dated certifications. Accordingly, Item 15 of Part IV has also been amended to reflect the filing of these currently dated certifications.

This Amendment does not update any other disclosure to reflect events occurring after the filing of the Original Filing. Except as described
above, no other changes have been made to the Original Filing. The Original Filing continues to speak as of the date of the Original Filing, and the Company has not updated the disclosures contained therein to reflect any events that occurred at a
date subsequent to the filing of the Original Filing. Pursuant to Rule 12b-15 under the Exchange Act, we have restated in its entirety each item of the Original Filing affected by this Amendment.



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GOODRICH PETROLEUM CORPORATION

ANNUAL REPORT ON FORM 10-K/A

FOR THE FISCAL YEAR ENDED

December 31, 2015

(Amendment No. 1)



|                                                                                                         |  |      |    | 
|-------------------------------------------------------------------------------------------------------- |  | ---- | -- | 
|                                                                                                         |  | Page |   
|PART III                                                                                                 |  |      |    | 
|Item 10. Directors, Executive Officers and Corporate Governance                                          |  |      | 1  | 
|Item 11. Executive Compensation                                                                          |  |      | 8  | 
|Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
 Stockholder Matters |  |      | 21 | 
|Item 13. Certain Relationships and Related Transactions and Director Independence                        |  |      | 22 | 
|Item 14. Principal Accounting Fees and Services                                                          |  |      | 24 | 
|PART IV                                                                                                  |  |      |    | 
|Item 15. Exhibits, Financial Statement Schedules                                                         |  |      | 26 | 



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PART III

Item 10. Directors, Executive Officers and Corporate Governance

Our executive officers and directors and their ages and positions as of April 29, 2016, are as follows:



|                         |  |     |  |                                                               
|------------------------ |  | --- |  | --------------------------------------------------------------
|Name                     |  | Age |  | Position                                                      
|Walter G. Gil Goodrich |  | 57  |  | Chairman, Chief Executive Officer and Director                
|Robert C. Turnham, Jr.   |  | 58  |  | President, Chief Operating Officer and Director               
|Mark E. Ferchau          |  | 62  |  | Executive Vice President                                      
|Michael J. Killelea      |  | 53  |  | Senior Vice President, General Counsel and Corporate Secretary
|Robert T. Barker         |  | 65  |  | Vice President, Controller and Interim Chief Financial Officer
|Josiah T. Austin         |  | 69  |  | Director                                                      
|Michael J. Perdue        |  | 62  |  | Director                                                      
|Arthur A. Seeligson      |  | 57  |  | Director                                                      
|Stephen M. Straty        |  | 61  |  | Director                                                      
|Gene Washington          |  | 69  |  | Director                                                      

Walter G. Gil Goodrich became Chairman of our Board in 2015. He has served as our Chief Executive
Officer since 1995. Mr. Goodrich was Goodrich Oil Companys Vice President of Exploration from 1985 to 1989 and its President from 1989 to 1995. He joined Goodrich Oil Company, which held interests in and served as operator of various
properties owned by a predecessor of the Company, as an exploration geologist in 1980. Gil Goodrich is the son of Henry Goodrich, our late Chairman  Emeritus, Director. He has served as a director since 1995. Mr. Goodrichs has invaluable
perspective as our top executive officer on the Board and experience as a geologist and a businessman.

Robert C. Turnham, Jr. has served
as our Chief Operating Officer since 1995. He became President and Chief Operating Officer in 2003. He has held various positions in the oil and natural gas business since 1981. From 1981 to 1984, Mr. Turnham served as a financial analyst for
Pennzoil. In 1984, he formed Turnham Interests, Inc. to pursue oil and natural gas investment opportunities. From 1993 to 1995, he was a partner in and served as President of Liberty Production Company, an oil and natural gas exploration and
production company. He has served as a director since 2006. Mr. Turnham brings invaluable oil and gas operating experience to the Board. Additionally, he has held various executive management positions in the oil and natural gas business since 1981
and is able to assist the Board in creating and evaluating the Companys strategic plan.

Mark E. Ferchau became Executive Vice
President of the Company in 2004. He had previously served as the Companys Senior Vice President, Engineering and Operations, after initially joining the Company as a Vice President in 2001. Mr. Ferchau previously served as Production Manager
for Forcenergy Inc. from 1997 to 2001 and as Vice President, Engineering of Convest Energy Corporation from 1993 to 1997. Prior thereto, Mr. Ferchau held various positions with Wagner & Brown, Ltd. and other independent oil and natural gas
companies.

Michael J. Killelea joined the Company as Senior Vice President, General Counsel and Corporate Secretary in 2009. In 2008, he
served as interim Vice President, General Counsel and Corporate Secretary for Maxus Energy Corporation. Prior to that time, Mr. Killelea was Senior Vice President, General Counsel and Corporate Secretary of Pogo Producing Company from 2000 through
2007. Mr. Killelea had various positions within the law department at CMS Energy Corporation from 1988 to 2000, including Chief Counsel at CMS Oil & Gas Company from 1995 to 2000.

Robert T. Barker was appointed Interim Chief Financial officer in March 2016. He joined the company in 2007 as Manager, Financial Reporting
and has held various positions within the Accounting Department with increasing responsibility, most recently as Vice President, Controller and Principal Accounting Officer. Mr. Barker has over 30 years of experience in the energy industry. Prior to
joining the Company, Mr. Barker was Controller for Cygnus Oil and Gas Corporation. Mr. Barker is a certified public accountant and holds an M.B.A. from the University of Houston.

Josiah T. Austin became one of our directors in 2002. Mr. Austin previously served on the Board of Directors of Monterey Bay Bancorp of
Watsonville, California, and is a prior board member of New York Bancorp, Inc., which merged with North Fork Bancorporation in 1998. He is an active investor in publicly traded financial institutions



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and is currently on The Board of Directors of Protea Biosciences Group Inc. Mr. Austin brings his many years of experience as a successful rancher and independent businessman to the Board as well
as his experience serving on numerous corporate and civic boards, including other publicly traded companies.

Michael J. Perdue is the
President of PacWest Bancorp., a publicly traded holding company and of its subsidiary, Pacific Western Bank, both based in San Diego, California. Before assuming his present position in 2006, Mr. Perdue served as President and Chief Executive
Officer of Community Bancorp Inc., from 2003. Over the course of his career, Mr. Perdue has held executive positions with several banking and real estate development organizations. His finance and business leadership skills from his career in the
banking industry make him uniquely qualified to be a member of our Board as well as his qualifications as an audit committee financial expert under the SEC guidelines. He was elected to our Board of Directors in 2001.

Arthur A. Seeligson has served as one of our directors since 1995 and brings his knowledge of the oil and gas industry to the Board. He has
been Managing Partner of Seeligson Oil Co. Ltd. since 1996 and also manages a family investment office in Houston, Texas. Previously, Mr. Seeligson was an investment banker focused on the oil and gas industry.

Stephen M. Straty has served as one of our directors since 2009. He is the Managing Director of Jefferies & Company, Inc. Mr. Straty
joined the firm in 2008 and has nearly 30 years of experience in finance, most recently as Senior Managing Director and Head of the Natural Resources Group at Bear, Stearns & Co., Inc. where he worked for 17 years. Mr. Straty has extensive
experience in serving a broad array of energy clients, having completed over $40.0 billion in merger and acquisition and financing assignments during the past ten years. Mr. Straty brings significant experience in both the finance and energy
industries to the board.

Gene Washington is the former Director of Football Operations with the National Football League
(NFL) in New York. Prior to assuming his position with the NFL in 1994, he served as a professional sportscaster and as Assistant Athletic Director for Stanford University. Mr. Washington has served on numerous corporate and civic
boards, including serving as a director of the former New York Bancorp, a NYSE listed company. Mr. Washington contributes to the Board leadership skills that he honed throughout his career in the NFL. He was elected to the Companys Board of
Directors in 2003.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934, as amended (the Exchange Act) requires our directors and officers, and
persons who own more than 10% of a registered class of our equity securities, to file reports of ownership on Form 3 and changes in ownership on Forms 4 and 5 with the SEC. Such officers, directors and 10% stockholders are also required to furnish
us with copies of all Section 16(a) reports that they file.

To our knowledge, based solely on review of copies of such reports furnished
to us and written representations that no other reports were required, all of our officers, directors and 10% stockholders complied with applicable reporting requirements of Section 16(a), with the exception of the reports on Form 4 for Walter G.
Goodrich, Robert C. Turnham Jr., Mark E. Ferchau and Michael J. Killelea in connection with the grant of phantom stock on March 10, 2015, which were not filed until March 19, 2015.



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CORPORATE GOVERNANCE

Governance Practices

General

Our Board believes that adherence to sound corporate governance policies and practices is important in ensuring that we are governed and
managed with the highest standards of responsibility, ethics and integrity and in the best interests of our stockholders. As a result, our Board has adopted key governance documents, including Corporate Governance Guidelines, Corporate Code of
Business Conduct and Ethics and committee charters, which are intended to reflect a set of core values that provide the foundation for our governance and management systems and our interactions with others.

Copies of these documents are available on our website at http://www.goodrichpetroleum.com/about-us/corporate-governance/ and are also
available in print, free of charge, to any stockholder who requests them.

Corporate Governance Guidelines

Our Board has adopted Corporate Governance Guidelines, which can be viewed on our website at
http://www.goodrichpetroleum.com/files/4614/1159/7259/CorporateGovernanceGuidelines.pdf.

Among other things, the Corporate Governance Guidelines address
the following matters:



| |  |  | director qualification standards,
| | - |  | ---------------------------------



| |  |  | director responsibilities,
| | - |  | --------------------------



| |  |  | director access to management and independent advisors,
| | - |  | -------------------------------------------------------



| |  |  | director compensation,
| | - |  | ----------------------



| |  |  | director orientation and continuing education,
| | - |  | ----------------------------------------------



| |  |  | management succession, and
| | - |  | --------------------------



| |  |  | annual performance evaluations of our Board.
| | - |  | --------------------------------------------

Corporate Code of Business Conduct and Ethics

Our Corporate Code of Business Conduct and Ethics, which is applicable to our directors, employees, agents and representatives, can be viewed
on our website at http://www.goodrichpetroleum.com/files/5014/1159/7233/CodeofBusinessConductandEthics.pdf.

Any change to, or waiver
from, our Corporate Code of Business Conduct and Ethics may be made only by our independent directors and will be disclosed as required by applicable securities laws and listing standards.

Our Board

Board Size

In December, 2015, the Board resolved to reduce the size of our Board to eight members. Our Board consisted of eight members until the
resignation of Peter Goodson in January, 2016.

Board Meetings, Annual Meeting Attendance

Our Board held thirteen meetings during the fiscal year ended December 31, 2015. Each director attended at least 75% of the meetings of the
Board and the committees of which each is a member. We do not have a formal policy regarding director attendance at Board meetings. However, our Board must consider a directors history of attendance at Board and committee meetings as well as
the directors participation in such meetings when considering the director for re-nomination to our Board.



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We believe that there are benefits to having members of our Board attend the annual meetings of
our stockholders. From time to time, however, a member of our Board might have a compelling and legitimate reason for not attending an annual meeting. As a result, our Board has decided that director attendance at annual meetings should be strongly
encouraged, but not required.

Executive Sessions and Presiding Director

To facilitate candid discussion by our non-management directors, the agenda for certain Board and committee meetings provides for a meeting of
non-management directors in executive session without any members of management present. Mr. Seeligson has been designated as the director to preside over executive sessions of non-management directors.

Limitation on Public Company Board Service

To ensure that each director is able to devote sufficient time to performing his or her duties, the number of other public company boards on
which a director may serve is subject to a case-by-case review by the Nominating and Corporate Governance Committee. In addition, the Audit Committees Charter prohibits committee members from serving on the audit committee of more than two
other public company boards unless our Board determines that such simultaneous service does not impair the ability of the director to effectively serve on the Audit Committee.

Chairman and Chief Executive Officer

Our Board has determined that a leadership structure consisting of a combined role of Chairman of the Board and Chief Executive Officer,
together with a strong Lead Independent Director, is appropriate for our Company. As Mr. Goodrich bears the primary responsibility for managing our day-to-day business, the combination of the role of Chairman and Chief Executive Officer ensures that
key business issues and stockholder interests are brought to the attention of our Board. In addition, as a result of his role as the Chief Executive Officer of the Company, Mr. Goodrich has Company-specific experience that can benefit his role as
Chairman of the Board in identifying strategic priorities, leading the discussion and execution of strategy, and facilitating the flow of information between management and the Board.

To give a significant voice to our independent, non-management directors and to reinforce effective, independent leadership on the Board, and
in recognition of his demonstrated leadership skills, the Board has appointed Mr. Seeligson as Lead Independent Director.

We believe that
the above structure, when combined with the Companys other governance policies and procedures, provide for appropriate oversight, discussion and evaluation of decisions and direction from the Board, and are in the best interest of our
stockholders.

Our Boards Role in Risk Oversight

Our Board generally administers its risk oversight function through the board as a whole. Our Chief Executive Officer, who reports to the
Board, and the other executives named in this filing, who report to our Chief Executive Officer, have day-to-day risk management responsibilities. Each of these executives attends the meetings of our Board, where the Board routinely receives reports
on our financial results, the status of our operations and our safety performance, and other aspects of implementation of our business strategy, with ample opportunity for specific inquiries of management. The Audit Committee provides additional
risk oversight through its quarterly meetings, where it receives a report from our Chief Financial Officer and our Controller, and reviews our contingencies, significant transactions and subsequent events, among other matters, with management and
our independent auditors. In addition, our Hedging Committee assists management in establishing pricing and production guidelines to be used by management in entering into oil and gas hedging contracts in order to manage the commodity price risk for
a portion of our oil and gas production.



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Annual Board Evaluation

The Nominating and Corporate Governance Committee is responsible for the Board evaluation process. Following the end of each fiscal year, the
Nominating and Corporate Governance Committee requests that the Chairman of each committee report to the full Board about the committees annual evaluation of its performance and evaluation of its charter. In addition, the Nominating and
Corporate Governance Committee receives comments from all directors and reports to the full Board with an assessment of the Boards and managements performance each fiscal year.

Director Orientation and Continuing Education

Our Board takes measures as it deems appropriate to ensure that its members may act on a fully informed basis. The Nominating and Corporate
Governance Committee evaluates general education and orientation programs for our directors. Newly appointed directors are required to become knowledgeable (if not already) about the responsibilities of directors for publicly traded companies. In
addition, we provide our directors with information regarding changes in our business and industry as well as the responsibilities of the directors in fulfilling their duties.

Director Nomination Process

Director
Qualifications

When identifying prospective director nominees, our Board, with assistance from the Nominating and Corporate Governance Committee,
considers the following:



| |  |  | the prospective nominees reputation, integrity and independence;
| | - |  | -----------------------------------------------------------------



| |  |  | the prospective nominees skills and business, government or other professional experience and acumen, bearing in mind the composition of our Board and the current state of and the energy industry generally at the
time of determination; and
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | the number of other public companies for which the prospective nominee serves as a director and the availability of the prospective nominees time and commitment to us.
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Although we do not have a formal policy for the consideration of diversity in identifying director nominees, the Nominating and Corporate
Governance Committee believes that the backgrounds and qualifications of the directors, considered as a group, should provide a diverse mix of skills, knowledge, attributes and experiences that cover the spectrum of areas that affect our business.
The Nominating and Corporate Governance Committee regularly assesses whether the mix of skills, experience and background of our Board as a whole is appropriate for us.

In the case of directors being considered for reelection, our Board also takes into account the directors history of attendance and
participation at Board and committee meetings, and the directors tenure as a member of our Board.

Director Nominations

In connection with its governance function, the Nominating and Corporate Governance Committee identifies individuals qualified to become Board members and
recommends those individuals for election as directors, either at the annual meeting of stockholders or to the Board to fill any vacancies. When the need to fill a vacancy arises, the Nominating and Corporate Governance Committee solicits
recommendations from existing directors and from senior management. These recommendations are considered along with any recommendations made by stockholders. There have been no material changes to the procedures by which stockholders may nominate
director candidates to the Nominating and Corporate Governance Committee since the Company last provided this disclosure.



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Communications with our Board

Our Board welcomes communications from our stockholders and other interested parties. Stockholders and any other interested parties may send
communications to our Board, to any Board committee, to the Chairman of our Board, or to any director in particular, to:

c/o Goodrich
Petroleum Corporation

801 Louisiana Street, Suite 700

Houston, Texas 77002

Any
correspondence addressed to our Board, any Board committee, the Chairman of our Board or to any one of the directors in care of us is required to be forwarded to the addressee or addressees without review by any person to whom such correspondence is
not addressed. Comments or complaints relating to our accounting, internal accounting controls or auditing matters may be reported by going to goodrichpetroleum.silentwhistle.com or by calling the (toll-free) hotline number 1-877-874-8416.

Standing Committees of our Board

Committee
Composition

The following table lists our five Board committees and the directors who currently serve on them.



|                       |  |                    |  |                                          |  |                  |  |                |  |                      
|---------------------- |  | ------------------ |  | ---------------------------------------- |  | ---------------- |  | -------------- |  | ---------------------
|Director Name          |  | ExecutiveCommittee |  | Nominating &CorporateGovernanceCommittee |  | HedgingCommittee |  | AuditCommittee |  | CompensationCommittee
|Walter G. Goodrich     |  | Chair              |  |                                          |  | Chair            |  |                |  |                      
|Arthur A. Seeligson    |  | X                  |  |                                          |  | X                |  | X              |  | X                    
|Michael J. Perdue      |  |                    |  |                                          |  |                  |  | Chair          |  |                      
|Gene Washington        |  |                    |  | Chair                                    |  |                  |  |                |  | Chair                
|Josiah T. Austin       |  |                    |  |                                          |  | X                |  |                |  | X                    
|Stephen M. Straty      |  |                    |  | X                                        |  |                  |  |                |  |                      
|Robert C. Turnham, Jr. |  | X                  |  |                                          |  | X                |  |                |  |                      
|                       |  |                    |  |                                          | 
|X      Member          |  |                    |  |                                          |  |                  |  |                |  |                      

Executive Committee

The Executive Committee is delegated the authority to approve any actions that our Board can approve, except to the extent restricted by law or
by our Amended and Restated Certificate of Incorporation or Bylaws, as amended. Although the Executive Committee did not hold any formal meetings during the fiscal year ended December 31, 2015, it took action through unanimous written consent
throughout the year.

Hedging Committee

The Hedging Committees principle function is to assist management in establishing pricing and production guidelines to be used by
management in entering into oil and gas hedging contracts in order to manage the commodity price risk for a portion of our oil and gas production. The Hedging Committee did not hold any formal meetings during the fiscal year ended December 31, 2015.

Audit Committee

Pursuant to
its charter, our Audit Committee functions in an oversight role and has the following purposes:



| |  |  | overseeing the quality, integrity and reliability of the financial statements and other financial information we provide to any governmental body or the public;
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | overseeing our compliance with legal and regulatory requirements;
| | - |  | -----------------------------------------------------------------



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| |  |  | overseeing the qualifications, independence and performance of the independent auditor engaged for the purpose of rendering or issuing an audit report or performing other audit, review or attest services for us;
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | overseeing the effectiveness and performance of our internal audit function;
| | - |  | ----------------------------------------------------------------------------



| |  |  | overseeing our systems of internal controls regarding finance, accounting, legal compliance and ethics that our management and our Board has established;
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | providing an open avenue of communication among our independent auditors, financial and senior management, the internal auditing department, and our Board, always emphasizing that the independent auditors are
accountable to the Audit Committee;
| | - |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | producing the Audit Committee Report for inclusion in our annual proxy statement; and
| | - |  | -------------------------------------------------------------------------------------



| |  |  | performing such other functions our Board may assign to the Audit Committee from time to time.
| | - |  | ----------------------------------------------------------------------------------------------

A copy of our Audit Committee Charter can be viewed on our website at
http://www.goodrichpetroleum.com/files/9114/1159/7219/AuditCommitteeCharter.pdf.

In connection with these purposes, the Audit
Committee recommends to our Board the independent registered public accounting firm to be engaged to audit our financial statements, annually reviews the independent auditors independence and quality control procedures, meets with the auditors
and our financial management to review with them our significant accounting policies and its internal controls, provides opportunities for the auditors to meet with the Audit Committee and management, discusses matters discussed at Audit Committee
meetings with the full Board, investigates any matters brought to its attention within the scope of its duties, reviews and assesses the adequacy of the Audit Committee charter on an annual basis, and has general responsibility in connection with
related matters.

Our Board has determined that each member of the Audit Committee is independent under the SECs rules and
regulations. Based on Mr. Perdues business experience, our Board has determined that he qualifies as an audit committee financial expert under the SECs rules and regulations. None of the members of the Audit Committee serve
on the audit committee of more than two other public companies.

During the fiscal year ended December 31, 2015, the Audit Committee held
nine meetings, including quarterly meetings, as well as took action through unanimous written consent throughout the year.

Compensation Committee

Pursuant to its charter, our Compensation Committees duties include, among other things, the responsibility to:



| |  |  | review, evaluate, and approve our agreements, plans, policies, and programs to compensate the officers and directors;
| | - |  | ---------------------------------------------------------------------------------------------------------------------



| |  |  | review and discuss with the Companys management, the Compensation Discussion and Analysis (CD&A) to be included in the proxy statement for our annual meeting of stockholders and/or our annual
report on Form 10-K and to determine whether to recommend to the Board that the CD&A be included in the proxy statement and/or our annual report on Form 10-K;
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | produce an annual report of the Compensation Committee for inclusion in our proxy statement for our annual meeting of stockholders and/or our annual report on Form 10-K;
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | otherwise discharge our Boards responsibilities relating to compensation of our officers and directors; and
| | - |  | ------------------------------------------------------------------------------------------------------------



| |  |  | perform such other functions as our Board may assign to the Compensation Committee from time to time.
| | - |  | -----------------------------------------------------------------------------------------------------

A copy of our Compensation Committee Charter can be viewed on our website at
http://www.goodrichpetroleum.com/files/6714/1159/7247/CompensationCommitteeCharter.pdf.



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In connection with these purposes, the Compensation Committee reviews corporate goals and
objectives relevant to our compensation. In addition, the Compensation Committee reviews our compensation and benefit plans to ensure that they meet these corporate goals and objectives. In consultation with our Chief Executive Officer, our
Compensation Committee makes recommendations to the Board on compensation of all of our officers, the granting of awards under and administering our long term incentive and other benefit plans, and adopting and changing our major compensation
policies and practices.

Our Board has determined that each member of the Compensation Committee is independent under our Corporate
Governance Guidelines.

During the fiscal year ended December 31, 2015, the Compensation Committee held three meetings as well as took
action through unanimous written consent throughout the year.

Nominating and Corporate Governance Committee

Pursuant to its charter, the Nominating and Corporate Governance Committees duties include, among other things, the responsibility to:



| |  |  | develop and recommend to the Board a set of corporate governance principles and practices and assist the Board in implementing these principles and practices;
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | assist the Board by identifying individuals qualified to become members of the Board and recommending director nominees to the Board for election at the annual meetings of stockholders or for appointment to fill
vacancies;
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | advise the Board about the appropriate composition of the Board and its committees;
| | - |  | -----------------------------------------------------------------------------------



| |  |  | direct all matters relating to the succession of our Chief Executive Officer;
| | - |  | -----------------------------------------------------------------------------



| |  |  | lead the Board in its annual review of the performance of the Board and its committees; and
| | - |  | -------------------------------------------------------------------------------------------



| |  |  | perform other such functions as the Board may assign to the Nominating and Corporate Governance Committee, in serving the corporate governance function, from time to time.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

A copy of our Nominating and Corporate Governance Committee Charter can be viewed on our website at
http://www.goodrichpetroleum.com/files/7214/1159/7274/NominatingCharter.pdf.

In connection with these duties, the Nominating and
Corporate Governance Committee actively seeks individuals qualified to become members of our Board, seeks to implement the independence standards required by law, applicable listing standards, our Amended and Restated Certificate of Incorporation
and Bylaws and our Corporate Governance Guidelines, assesses the adequacy of our Corporate Governance Guidelines and recommends any proposed changes to our Board, and actively involves itself in our succession planning.

Our Board has determined that each member of the Nominating and Corporate Governance Committee is independent under our Corporate Governance
Guidelines.

During the fiscal year ended December 31, 2015, the Nominating and Corporate Governance Committee held one meeting as well as
took action through unanimous written consent throughout the year.

Item 11. Executive Compensation

COMPENSATION DISCUSSION AND ANALYSIS

The following Compensation Discussion and Analysis contains statements regarding future company performance targets and goals. These
targets and goals are disclosed in the limited context of our executive compensation program and should not be understood to be statements of managements expectations or estimates of results or other guidance. We specifically caution investors
not to apply these statements to other contexts.



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2015 Advisory Vote on Executive Compensation

The Company provides its stockholders with the opportunity to cast an annual advisory vote on executive compensation (the Say-On-Pay
Proposal). We obtained majority support for our Say-On-Pay Proposal at the Companys annual meeting of stockholders held in May 2015, as approximately 90% of stockholders voting on the proposal voted for it. As a result of this support,
the compensation committee did not revise the executive compensation programs and policies that were in place for 2015.

Summary of 2015 Executive
Compensation

The low commodity price environment had a significant impact on the company and the continued decline in our stock price
and impact on our financial results had the following direct effects on our executive compensation program:



| |  |  | base salaries were held flat year-over-year;
| | - |  | --------------------------------------------



| |  |  | no payout under the Non-Equity Incentive Plan to our NEOs for 2015; however, a cash bonus was paid upon the successful completion of certain strategic financing objectives during the first quarter (the cash bonus awards
are reflected in the Summary Compensation Table under Bonus);
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | no awards of performance shares were issued to our NEOs;
| | - |  | --------------------------------------------------------



| |  |  | no annual grants of time-vested restricted stock to our NEOs; and
| | - |  | -----------------------------------------------------------------



| |  |  | in September, 2015, the Compensation Committee implemented an employee retention program. See Employee Retention Program for details.
| | - |  | -------------------------------------------------------------------------------------------------------------------------------------

As a result of these events, our CEOs total compensation, excluding the cash bonus and retention plan payments, decreased 32% and our
NEOs total compensation decreased 24% year-over-year.

Overview of Our Executive Compensation Program and Compensation Philosophy

Our continued success is contingent on our ability to recruit, develop, motivate and retain top executive talent with the requisite skills and
experience to develop, expand and execute our business strategy. Historically, we have provided fair and competitive compensation for our executive officers by structuring our executive compensation program principally around three goals:



|1) | Maintaining compensation at competitive market levels, targeting the median of comparative pay of our Peer Group (defined below) for similar positions;
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------



|2) | Rewarding executive officers for executing performance goals designed to generate returns for our stockholders. As a result, we historically tied selected elements of our executive compensation program to company
performance goals; and
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3) | Retain and motivate our executives through a combination of grants of pure time-vested phantom stock and performance awards of phantom stock, each of which vest over three years, commencing on the first anniversary
after the grant date. Our CEO and our President are each significant stockholders, and the award of phantom stock grants directly align their interests with those of our stockholders.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

While the Compensation Committee has engaged compensation consultants in the past to provide a market analysis of the compensation payable to
our NEOs, given the Companys implementation of significant cost saving reductions to the Companys compensation programs in 2015 no compensation consultant was engaged or market analysis sought. Throughout this filing, the individuals who
served as our CEO and our Interim Chief Financial Officer during the fiscal year ended December 31, 2015, as well as the other individuals included in the Summary Compensation Table are referred to as Named Executive Officers
or NEOs.



9



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Elements of Executive Compensation

The elements of overall compensation for executive management have always included (1) base salary levels that are generally near the median of
the Peer Group, (2) an annual bonus plan with payouts (if any) based on achievement of objectives approved by the Board and (3) a combination of long-term equity based incentives in the form of pure time-vested phantom stock grants and performance
awards of phantom stock. The Compensation Committee historically targeted overall compensation to reflect the approximate median for similar positions as determined through comparison to peer group proxies and independent compensation surveys.

Base Salaries. The Company has historically provided its executive officers with assured cash compensation in the form of a base salary
that is generally near the median for similar positions as determined through comparison to peer group proxies and independent compensation surveys. However, as a result of the continued decline in commodity prices and the impact on our stock price
and financial results, the Compensation Committee held salaries flat year-over-year for the second year in a row. The base salaries paid to top executive officers during 2015 are shown in the Summary Compensation Table under the Salary
column. The Compensation Committee expects to continue to review executive base salaries annually and to approve changes as appropriate.



|                         |  |                                         |  |                           |         |  |         |  |         |         |  |  |         | 
|------------------------ |  | --------------------------------------- |  | ------------------------- | ------- |  | ------- |  | ------- | ------- |  |  | ------- | 
|                         |  |                                         |  | Salaries as of January 1, |        
|Named Executive Officers |  | Position                                |  | 2014($)                   |         |  | 2015($) |  |         | 2016($) | 
|Walter G. Goodrich       |  | Vice Chairman and CEO                   |  |                           | 515,000 |  |         |  | 515,000 |         |  |  | 515,000 | 
|Robert C. Turnham, Jr.   |  | President and COO                       |  |                           | 486,000 |  |         |  | 486,000 |         |  |  | 486,000 | 
|Mark E. Ferchau          |  | Executive Vice President                |  |                           | 380,000 |  |         |  | 380,000 |         |  |  | 380,000 | 
|Jan L. Schott (1)        |  | Sr. Vice President and CFO              |  |                           | 325,000 |  |         |  | 325,000 |         |  |  |         | 
|Joseph T. Leary (2)      |  | Interim CFO Sr. Vice President, General |  |                           |         |  |         |  | 250,000 |         |  |  | 250,000 | 
|Michael J. Killelea      |  | Counsel & Corporate Secretary           |  |                           | 307,000 |  |         |  | 307,000 |         |  |  | 307,000 | 



|(1) | Ms. Schott resigned from the Company in September 2015.
|--- | -------------------------------------------------------

|(2) | Mr. Leary joined the Company as interim Chief Financial Officer in October 2015.
|--- | --------------------------------------------------------------------------------

Effective
March 1, 2016, salaries for executive officers were reduced by 20% as follows: Mr. Goodrich - $412,000, Mr. Turnham - $388,800, Mr. Ferchau - $304,000, and Mr. Killelea - $245,600.

Incentive Bonus. Incentive bonuses, considered for payment annually as cash compensation, ensure that the executive officers focus on
the achievement of near-term goals that are approved by the Board. Bonuses may be earned if the Company achieves its objectives in key performance metrics and executes on strategic achievements. Bonus targets as a percentage of base salary have
historically been set near the median for similar positions. Those targets are 150% for the CEO and President, 100% for the Executive Vice President and 80% for the Senior Vice President and General Counsel. The Interim CFO did not participate in
the incentive bonus program. No incentive bonuses were awarded in 2015.

Long-Term Equity-Based Incentives. The specific objectives
of our long-term equity-based compensation plan are to attract, motivate, and retain the services of key employees and enhance a sense of ownership, as well as to encourage those persons to assist in our development, growth and financial success. To
align the compensation of our executive officers with the attainment of our business goals and an increase in stockholder value, we historically awarded grants of phantom stock, which are subject to time-based vesting requirements, as part of our
total compensation package. These grants would be made pursuant to our 2006 Long-Term Incentive Plan, as amended. Existing ownership levels are not a factor in award determination, as we do not want to discourage executives from holding significant
amounts of our common stock.

We believe that providing grants of phantom stock focuses the named executives on delivering long-term value
to our stockholders, while providing value to the executives in the form of equity awards. A grant of phantom stock offers executives the opportunity to receive shares of our common stock on the date the forfeiture restriction lapses. In this
regard, phantom stock serves both to reward and retain executives, as the value of the phantom stock is linked to the price of our common stock on the date the forfeiture restrictions lapses. Our phantom stock awards vest in three equal annual
installments beginning one year after the grant date. We believe that these vesting schedules aid us in retaining executives and motivating longer-term performance. Annual long-term equity-based incentives were not awarded in 2015, however, as
described below under the Employee Retention Plan, our NEOs did receive restricted phantom stock retention awards.

Employee Retention Program

Due to our substantial indebtedness, liquidity issues and the potential for restructuring transactions there was and is still,
risk that, among other things, it may become more difficult to retain or replace key employees. Therefore, in September 2015, we implemented an employee retention program in an effort to retain our top executive talent while focusing on
restructuring the Companys balance sheet.



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The Compensation Committee utilized the incentive bonus targets to determine cash retention
payouts. Each NEO would receive an initial pro rata quarterly cash payment equal to 25% of their maximum potential bonus payout at a score of 100%, with such amount increasing to 125% or their maximum potential bonus payout if certain defined goals
were met, with additional payments beginning at the end of the quarter in which the achievements had been reached. The proposed objectives were (i) the closing of the $118 million sale of the Companys Eagle Ford properties and the use of the
proceeds to pay off the balance of outstanding on the senior revolving credit facility, (ii) a minimum debt reduction of $125 million of unsecured notes accomplished through an exchange transaction relating to the Companys 5% convertible notes
and/or the Companys 8.875% senior notes, and (iii) maintaining a minimum liquidity of $50 million or greater. The initial retention payments would be made, pro rata, for the month of September 2015, and then quarterly through September 2016.
In addition, as a further retention incentive for the NEOs, an equity grant of restricted stock in an amount equal to 75% of such NEOs base salary would be granted. The 2015 cash retention payments are reflected in the Summary Compensation
Table under Bonus. The equity grants are reflected in the Grants of Plan-Based Awards table.

In addition to the cash
component, the Compensation Committee awarded each NEO equity grants in the form of restricted phantom stock to vest over the next three years with a grant date value of 75% of their annual salary.

As Interim Chief Financial Officer, Mr. Leary did not participate in the employee retention program.

Severance Benefits

We have
severance agreements with Messrs. Goodrich, Turnham, and Ferchau. Mr. Killelea is covered by the Goodrich Petroleum Officer Severance Plan. We believe that the severance payments and other benefits provided under these agreements and the severance
plan are appropriate, accounting for the time that is expected to take a separated officer to find another job following a termination that may have been outside of his control. Under the agreements and this plan, each officer is eligible for
severance payments and other benefits if the officers employment is terminated without cause or such officer resigns due to a change in duties (as defined in the applicable plan or agreement) following the occurrence of a change of
control (each a Triggering Event) as described below and under Potential Payments Upon Termination or Change in Control of this Amendment.



| |  |  | Without Cause. Payments and other benefits are provided under the separation agreements and the plan if the officer is terminated without cause. The payments and other benefits provided upon this Triggering Event
are intended to ease the consequences to the separated officer of an unexpected termination that under different circumstances would not have occurred and which is beyond the control of the officer.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Change in Duties following Change of Control. Recognizing the importance of avoiding the distraction and loss of key management personnel that may occur in connection with rumored or actual fundamental corporate
changes, we provide payments and other benefits under the separation agreements if an officer is terminated resigns due to a change in duties following a change of control. We believe that use of this Triggering Event protects
stockholder interests by enhancing employee focus during rumored or actual change of control activity through (1) providing incentives to our officers to remain employed by us despite uncertainties while a transaction is under consideration or
pending and (2) assuring severance and benefits for involuntarily or constructively terminated officers.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Other Benefits

In addition to base pay, annual cash incentive, long-term equity-based incentives and severance benefits, we provide the following forms of
compensation:



| |  |  | 401(k) Savings Plan. We have a defined contribution profit sharing 401(k) plan designed to assist our eligible officers and employees in providing for their retirement. We match the contributions of our employees
to the plan in cash, up to a maximum of 6% of eligible deferrals. Employees are immediately 100% vested in company contributions. Matching contributions were suspended effective April 1, 2016.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | Health and Other Welfare Benefits. Our executive officers are eligible to participate in medical, dental, vision, disability insurance and life insurance to meet their health and welfare needs. These benefits are
provided so as to assure that we are able to maintain a competitive position in terms of attracting and retaining officers and other employees. This is a fixed component of compensation and the benefits are provided on a non-discriminatory basis to
all employees.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### Table of Contents

| |  |  | Perquisites. We do not provide significant perquisites or personal benefits to our executive officers. To the extent perquisites or other personal benefits are provided, they are determined on an individual basis
as appropriate in light of competitive standards and the performance of our executive officers.
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Other Matters

Stock Ownership Guidelines

The
Board adopted stock ownership guidelines for non-employee directors and named executive officers of Goodrich in September 2013. The guidelines, as described below, are intended to further align the financial interests of our non-employee directors
and named executive officers with those of our shareholders.

Officer Stock Ownership Guidelines. The officer stock ownership
guidelines provides that our CEO, President and other named executive officers, as set forth in the guidelines or as may otherwise be determined by the Compensation Committee, are expected to hold an amount of stock equal in value to a multiple of
three to six times their base salary, depending on their position and responsibilities. Of our named executive officers, our CEO is expected to hold stock equal in value to six times his base salary, our President is expected to hold stock equal in
value to five times his base salary, and the other named executive officers are expected to hold an amount of stock equal in value to three times their respective base salaries. Officers to whom the guidelines become applicable in the future are
expected to achieve the prescribed holdings within three years of the date on which the guidelines become applicable to them.

Policy on Recovery of
Compensation and Clawbacks

In December 2014, the Board adopted a clawback policy under which the Board, or a committee of the
Board, has the right to cause the reimbursement by an executive officer of the Company of certain incentive compensation if the compensation was predicated upon the achievement of certain financial results that were subsequently the subject of a
required restatement of the Companys financial statements and the executive officer engaged in fraudulent or intentional illegal conduct that cause the need for the restatement.

Tax Treatment of Executive Compensation

Compensation payable to our CEO and our three other most highly compensated employees other than our chief financial officer is subject to the
limitations of Section 162(m) of the Internal Revenue Code, which limits our ability to deduct compensation in excess of $1,000,000. While the deductibility of compensation is important to us and actions will, when deemed appropriate, be taken to
ensure the deductibility of compensation, the Committee has also determined that flexibility in determining the appropriate amount of compensation is required, notwithstanding the statutory and regulatory provisions, in negotiating and implementing
incentive compensation programs. Accordingly, the Compensation Committee retains the discretion to award compensation that exceeds Section 162(m)s deductibility limit.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

Our Compensation Committee is comprised of Messrs. Washington, Austin and Seeligson. During the fiscal year ended December 31, 2015, no member
of the Compensation Committee (1) was an officer or employee, (2) was formerly an officer or (3) had any relationship requiring disclosure under the rules and regulations of the SEC.

During the fiscal year ended December 31, 2015, none of our executive officers served as (1) a member of the compensation committee (or other
board committee performing equivalent functions or, in the absence of any such committee, the entire board of directors) of another entity, one of whose executive officers served on the Compensation Committee of our Board; (2) a director of another
entity, one of whose executive officers served on the Compensation Committee of our Board; or (3) a member of the compensation committee (or other board committee performing equivalent functions or, in the absence of any such committee, the entire
board of directors) of another entity, one of whose executive officers served on our Board.



12



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COMPENSATION COMMITTEE REPORT

We have reviewed and discussed with management the disclosures set forth in this Amendment in this Item 11 under the heading
Compensation Discussion and Analysis. Based on the reviews and discussions referred to above, we recommended to the Board of Directors that the disclosures set forth in this Amendment under the heading Compensation Discussion and
Analysis be included in this Amendment.

Respectfully submitted by the Compensation Committee of the Board of Directors,

Gene Washington, Chairman

Josiah T. Austin

Arthur A. Seeligson



13



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EXECUTIVE COMPENSATION

Summary Compensation

The following table
summarizes, with respect to our NEOs, information relating to the compensation earned for services rendered in all capacities. Our NEOs consist of our Chief Executive Officer, Chief Financial Officer, and three of our other most highly compensated
executive officers.

Summary Compensation for Year Ended December 31, 2013, 2014 and 2015



|                                                               |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |           | 
|-------------------------------------------------------------- |  | ---- | ---- |  | ------ | ------- | ------- | --------- |  |  | ----------------- |  |  | ------------------------------------ | --------- |  | ------------------------ | ------- | ------- | ----- |  | ------ | ------ |  |  | --------- | --------- | 
|Name and Principal Position                                    |  | Year |      |  | Salary |         |         | Bonus (1) |  |  | StockAwards(2)(3) |  |  | Non-EquityIncentive PlanCompensation |           |  | All OtherCompensation(4) |         |         | Total | 
|                                                               |  |      |      |  | ($)    |         |         | ($)       |  |  | ($)               |  |  | ($)                                  |           |  | ($)                      |         |         | ($)   | 
|Walter G. Goodrich                                             |  |      | 2015 |  |        |         | 515,000 |           |  |  | 377,500           |  |  |                                      | 440,150   |  |                          |         | 0       |       |  |        | 15,900 |  |  |           | 1,348,550 | 
|Vice Chairman and Chief Executive Officer                      |  |      | 2014 |  |        |         | 515,000 |           |  |  |                   |  |  |                                      | 420,001   |  |                          |         | 486,675 |       |  |        | 15,600 |  |  |           | 1,437,276 | 
|                                                               |  | 2013 |      |  |        | 478,400 |         |           |  |  |                   |  |  | 2,100,000                            |           |  |                          | 717,600 |         |       |  | 15,300 |        |  |  | 3,311,300 |          
|                                                               |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |          
|                                                               |  |      |      |  |        |         |        
|Robert C. Turnham, Jr.                                         |  |      | 2015 |  |        |         | 486,000 |           |  |  | 363,000           |  |  |                                      | 423,368   |  |                          |         | 0       |       |  |        | 15,900 |  |  |           | 1,288,268 | 
|President and Chief Operating Officer                          |  |      | 2014 |  |        |         | 486,000 |           |  |  |                   |  |  |                                      | 379,998   |  |                          |         | 459,270 |       |  |        | 15,600 |  |  |           | 1,340,868 | 
|                                                               |  |      | 2013 |  |        |         | 486,000 |           |  |  |                   |  |  |                                      | 1,900,000 |  |                          |         | 678,600 |       |  |        | 15,300 |  |  |           | 3,046,300 | 
|                                                               |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |           | 
|                                                               |  |      |      |  |        |         |        
|Mark E. Ferchau                                                |  |      | 2015 |  |        |         | 380,000 |           |  |  | 151,667           |  |  |                                      | 329,243   |  |                          |         | 0       |       |  |        | 15,900 |  |  |           | 876,810   | 
|Executive Vice President                                       |  |      | 2014 |  |        |         | 380,000 |           |  |  |                   |  |  |                                      | 289,999   |  |                          |         | 239,400 |       |  |        | 15,600 |  |  |           | 924,999   | 
|                                                               |  |      | 2013 |  |        |         | 353,600 |           |  |  |                   |  |  |                                      | 1,450,000 |  |                          |         | 353,600 |       |  |        | 15,300 |  |  |           | 2,172,500 | 
|                                                               |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |           | 
|                                                               |  |      |      |  |        |         |        
|Jan L. Schott(5)                                               |  |      | 2015 |  |        |         | 234,606 |           |  |  | 75,000            |  |  |                                      |           |  |                          |         | 0       |       |  |        | 29,068 |  |  |           | 338,674   | 
|Senior Vice President, and Chief Financial Officer             |  |      | 2014 |  |        |         | 291,200 |           |  |  |                   |  |  |                                      | 233,502   |  |                          |         | 163,800 |       |  |        | 15,600 |  |  |           | 737,902   | 
|                                                               |  | 2013 |      |  |        | 291,200 |         |           |  |  |                   |  |  | 962,000                              |           |  |                          | 232,960 |         |       |  | 15,300 |        |  |  | 1,501,460 |          
|                                                               |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |           | 
|                                                               |  |      |      |  |        |         |        
|Michael J. Killelea                                            |  |      | 2015 |  |        |         | 307,000 |           |  |  | 121,867           |  |  |                                      | 253,128   |  |                          |         | 0       |       |  |        | 15,900 |  |  |           | 697,895   | 
|Senior Vice President, General Counsel and Corporate Secretary |  |      | 2014 |  |        |         | 307,000 |           |  |  |                   |  |  |                                      | 182,998   |  |                          |         | 154,728 |       |  |        | 15,600 |  |  |           | 660,326   | 
|                                                               |  | 2013 |      |  |        | 286,000 |         |           |  |  |                   |  |  | 753,000                              |           |  |                          | 228,800 |         |       |  | 15,300 |        |  |  | 1,283,100 |          
|                                                               |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |           | 
|                                                               |  |      |      |  |        |         |        
|Joseph T. Leary(6)                                             |  |      | 2015 |  |        |         | 53,165  |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        | 3,190  |  |  |           | 53,165    | 
|Interim Chief Financial Officer                                |  |      |      |  |        |         |         |           |  |  |                   |  |  |                                      |           |  |                          |         |         |       |  |        |        |  |  |           |           | 



|(1) | Amounts include payments under the Companys employee retention program and a one-time special bonus payment in March related to achieving certain financial objectives during the first quarter.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | For 2015, the amounts included in the Stock Awards column reflect the aggregate amount of the phantom stock grants issued in connection with the Companys employee retention program and a one-time
special grant in March related to achieving certain financial objectives during the first quarter.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | The amounts included in the Stock Awards column reflect the grant date fair value of the awards under
Financial Accounting Standards Boards Accounting Standards Codification Topic 718, assuming the completion of the service-based vesting conditions to which such awards are subject. Pursuant to SEC rules, the amounts shown exclude the impact of
estimated forfeitures related to service-based vesting conditions. These amounts reflect the Companys accounting expense
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | for these awards, and do not correspond to the actual value that will be recognized by our NEOs. Assumptions used in the calculation of these amounts are included in Note 2 to our audited
financial statements for the fiscal year ended December 31, 2013, 2014 and 2015 included in our Annual Report on Form 10-K.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(4) | The amounts included in the All Other Compensation column represent Company matching contributions to the Named Executive Officers 401(k) savings plan account. No Named Executive Officer received any
perquisites for which the aggregate amount exceeded $10,000.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | Ms. Schott resigned in September, 2015. Other compensation includes accrued vacation payout upon resignation.
|--- | -------------------------------------------------------------------------------------------------------------

|(6) | Mr. Leary joined the Company in October, 2015.
|--- | ----------------------------------------------

Grants of Plan-Based Awards

The following table provides information concerning each grant of an award made to our NEOs under any plan during 2015, including awards, if
any, that have been transferred.

Grants of Plan-Based Awards for Year Ended December 31, 2015



|                       |  |            |           |  |                                                            |  |         |                                                  |  |  |         | 
|---------------------- |  | ---------- | --------- |  | ---------------------------------------------------------- |  | ------- | ------------------------------------------------ |  |  | ------- | 
|Name                   |  | Grant Date |           |  | All Other Stock AwardsNumber of Shares of Stockor Units(1) |  |         | Grant Date Fair Value ofStock and Options Awards | 
|                       |  |            |           |  | (#)                                                        |  |         | ($)                                              | 
|Walter G. Goodrich     |  |            | 9/21/2015 |  |                                                            |  | 465,000 |                                                  |  |  | 334,800 | 
|Robert C. Turnham, Jr. |  |            | 9/21/2015 |  |                                                            |  | 455,625 |                                                  |  |  | 328,050 | 
|Mark E. Ferchau        |  |            | 9/21/2015 |  |                                                            |  | 356,250 |                                                  |  |  | 256,500 | 
|Michael J. Killelea    |  |            | 9/21/2015 |  |                                                            |  | 287,812 |                                                  |  |  | 207,225 | 



|(1) | On September 21, 2015, the Board granted equity awards under our 2006 Long-Term Incentive Plan to the NEOs in the form of pure time vested phantom stock as part of the employee retention program.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table

The following is a discussion of material factors necessary to an understanding of the information disclosed in the Summary Compensation Table
and the Grants of Plan-Based Awards Table.

2006 Long-Term Incentive Plan.

Phantom Stock. The phantom stock awards generally vest in one-third increments on each anniversary of the grant date, and will vest
earlier upon the grantees termination of employment due to his death or disability. In addition, the phantom stock will vest on a change in control of the Company (see the Potential Payments Upon Termination or Change in Control
section below for definitions). Payment of vested phantom stock may be made in cash, shares of our common stock or any combination thereof, as determined by the Committee in its discretion. Any payment to be made in cash will be based on the fair
market value of a share of common stock on the payment date.

Non-Equity Incentive Plan Compensation.

As a result of the significant adverse impact on the Company during the continued low commodity price environment, the Compensation Committee
did not authorize payouts under the Non-Equity Incentive Plan for 2015. As Interim Chief Financial Officer, Mr. Leary did not participate in the Companys Non-Equity Incentive Plan.

For a description of the plan, please see Compensation Discussion and Analysis  Annual Cash Incentive Awards.

Salary in Proportion to Total Compensation. The percentage of each NEOs total compensation that was paid and awarded for 2015 in
the form of base salary was approximately 38% for each of Messrs. Goodrich and Turnham; 43% for Mr. Ferchau; 78% for Ms. Schott and 44% Mr. Killelea.



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##### Table of Contents

Outstanding Equity Awards Value at Fiscal Year-End Table

The following table provides information concerning unexercised options, stock that has not vested, and equity incentive plan awards for our
NEOs that were outstanding on December 31, 2015.

Outstanding Equity Awards as of December 31, 2015



|                       |  |                                                        |         |     |                                                              |  |         | 
|---------------------- |  | ------------------------------------------------------ | ------- | --- | ------------------------------------------------------------ |  | ------- | 
|                       |  | Stock Awards                                           |        
|Name                   |  | Number of Shares or Units ofStock That Have Not Vested |         |     | Market Value of Shares or Unitsof Stock That Have Not Vested | 
|                       |  | (#)                                                    |         |     | ($)(1)                                                       | 
|Walter G. Goodrich     |  |                                                        | 35,000  | (2) |                                                              |  | 9,450   | 
|                       |  |                                                        | 465,000 | (3) |                                                              |  | 125,550 | 
|                       |  |                                                        | 69,652  | (4) |                                                              |  | 18,806  | 
|                       |  |                                                        | 39,817  | (5) |                                                              |  | 10,751  | 
|Robert C. Turnham, Jr. |  |                                                        | 31,667  | (2) |                                                              |  | 8,550   | 
|                       |  |                                                        | 455,625 | (3) |                                                              |  | 123,019 | 
|                       |  |                                                        | 63,018  | (4) |                                                              |  | 17,015  | 
|                       |  |                                                        | 36,025  | (5) |                                                              |  | 9,727   | 
|Mark E. Ferchau        |  |                                                        | 24,167  | (2) |                                                              |  | 6,525   | 
|                       |  |                                                        | 356,250 | (3) |                                                              |  | 96,188  | 
|                       |  |                                                        | 48,092  | (4) |                                                              |  | 12,985  | 
|                       |  |                                                        | 27,493  | (5) |                                                              |  | 7,423   | 
|Michael J. Killelea    |  |                                                        | 15,250  | (2) |                                                              |  | 4,118   | 
|                       |  |                                                        | 287,812 | (3) |                                                              |  | 25,903  | 
|                       |  |                                                        | 30,348  | (4) |                                                              |  | 8,194   | 
|                       |  |                                                        | 14,277  | (5) |                                                              |  | 3,855   | 



|(1) | The market value reported was calculated utilizing our closing stock price on December 31, 2015, the last trading day of the fiscal year, which was $0.27.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Restricted phantom stock vests in one-third increments on March 10, 2016, 2017 and 2018.
|--- | ----------------------------------------------------------------------------------------

|(3) | Restricted phantom stock vests in one-third increments on September 21, 2016, 2017 and 2018.
|--- | --------------------------------------------------------------------------------------------

|(4) | Restricted phantom stock vests in one-half increments on December 9, 2016 and 2017.
|--- | -----------------------------------------------------------------------------------

|(5) | Restricted phantom stock vests on December 11, 2016.
|--- | ----------------------------------------------------

Option Exercises and Stock Vested

The following table provides information concerning the vesting of restricted phantom stock awards during the fiscal year ended December 31,
2015 on an aggregated basis with respect to each of our NEOs. None of our NEOs exercised a stock option award during 2015.

Stock Vested
for the Year Ended December 31, 2015



|                       |  |                                     |         |  |                           |  |        | 
|---------------------- |  | ----------------------------------- | ------- |  | ------------------------- |  | ------ | 
|Name                   |  | Number of SharesAcquired on Vesting |         |  | Value Realized on Vesting | 
|                       |  | (#)                                 |         |  | ($)                       | 
|Walter G. Goodrich     |  |                                     | 113,538 |  |                           |  | 26,826 | 
|Robert C. Turnham, Jr. |  |                                     | 104,314 |  |                           |  | 24,367 | 
|Mark E. Ferchau        |  |                                     | 80,288  |  |                           |  | 18,958 | 
|Michael J. Killelea    |  |                                     | 46,891  |  |                           |  | 11,095 | 

Potential Payments Upon Termination or Change in Control

The discussion below discloses the amount of compensation and/or other benefits potentially due to Messrs. Goodrich, Turnham, Ferchau and
Killelea, in the event of a change in control, or a termination of their employment, including, but not limited to, in connection with a change in control of the Company. The amounts shown assume that such termination was effective as of December
31, 2015, and thus includes amounts earned through such time and are estimates of the amounts which would be paid out to the executives upon their respective termination or upon a change in control. The actual amounts to be paid out can only be
determined at the time of such executives separation from the Company or upon the change in control of the Company. We believe that change in control protection allows management to focus their attention and energy on the business transaction
at hand without any distractions regarding the effects of a change-of-control. Likewise, post-termination payments allow management to focus their attention and energy on making the best objective business decisions that are in the interest of the
company without allowing personal considerations to cloud the decision-making process.



16



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Severance Agreement

Each of Messrs. Goodrich, Turnham, and Ferchau has entered into a severance agreement with the Company providing for a cash lump sum payment to
each of them in the event of their termination of employment without cause or due to a change in duties, during the eighteen (18) month period immediately following a change in control, or the executive is
terminated without cause by the Company at any time (each term as defined below). The amount to which each is entitled is equal to two (2) times his then current annual rate of total compensation, to be paid within a ninety (90) day
period following the applicable termination of employment, or in the event the executive is a specified employee as defined in Section 409A of the Code at the time of termination, on the first business day following the six (6) month
period immediately following the executives termination of employment. The severance agreement also provides for continued health and life insurance coverage under the Company plans (or the equivalent thereof) for each of them through the
second anniversary of their respective termination of employment date, but only to the extent that the continuation of benefits is exempt from Section 409A of the Code. In the event that payments pursuant to the severance agreements create excise
taxes for the executive pursuant to Section 4999 of the Code, we will provide the executive with an additional payment solely to compensate them for the additional excise tax payment; the additional payment is not intended to apply to the income,
excise or other taxes that such an additional payment may create for the executive.

The severance agreements define cause as
(1) a material failure to perform expected duties, (2) the commission of fraud, embezzlement, or misappropriation against us, (3) a material breach by the executive of his fiduciary duty, or (4) a conviction of a felony offense or a crime involving
moral turpitude.

The executives current annual rate of total compensation is comprised of the executives annual
base salary, the annual cash bonus last awarded to the executive prior to the change of control, and the value of the equity-based compensation awards granted to the executive during the twelve (12) months immediately prior to the change of control.
All equity awards to be included in this calculation will be valued as of the date of grant.

A change of control of the
Company will be deemed to have occurred upon the occurrence of the following events: (1) a sale or other transfer of all or substantially all of our assets, (2) our liquidation or dissolution, (3) a person or group becomes the beneficial owner of
fifty percent (50%) or more of our voting power, or (4) a merger or consolidation, unless for at least six (6) months after the transaction, we own at least fifty percent (50%) of the total voting power of all the voting securities.

The executives may voluntarily resign upon a change in duties upon (1) a reduction in the executives duties or
responsibilities, (2) a reduction in the executives current annual rate of total compensation or (3) a change in location of the executives principal place of business of more than fifty (50) miles.

Officer Severance Plans

Mr.
Killelea is covered under the Goodrich Petroleum Officer Severance Plan, which provides for a cash lump sum payment to each of them in the event of their termination of employment without cause or due to a change in duties,
during the eighteen (18) month period immediately following a change in control, each term as defined below. Prior to any payments under the Officer Severance Plan becoming payable, however, the executive will be required to file a
general release in the Companys favor. The amount to which each is entitled is equal to two (2) times the sum of his annual base salary (defined below), bonus amount (defined below) and Equity Award Value, to be paid no later than the ten (10)
day period following the executives release becoming irrevocable, or in the event the executive is a specified employee as defined in Section 409A of the Code at the time of termination, on the first business day following the six
(6) month period immediately following the executives termination of employment. The severance plan also provides for continued health coverage under the Company plans (or the equivalent thereof) for each of them for up to 18 months from their
respective termination of employment date, but only to the extent that the continuation of benefits is exempt from Section 409A of the Code. In the event that payments pursuant to the severance plan create excise taxes for the executive pursuant to
Section 4999 of the Code, we will provide the executive with an additional payment solely to compensate them for the additional excise tax payment; the additional payment is not intended to apply to the income, excise or other taxes that such an
additional payment may create for the executive.



17



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##### Table of Contents

If Mr. Killelea incurs an involuntary termination other than following a change in control, then
such executive is entitled to receive 100% of the sum of his annual base salary and bonus amount as well as up to twelve months of continued health benefits.

A change in duties and a change in control under the severance plan are defined similarly to a change in
duties and a change in control under our individual severance agreements.

The severance plan defines cause
as (1) a material failure to perform expected duties, (2) a conviction of a felony offense or a crime involving moral turpitude, or (3) gross negligence or willful misconduct in the performance of duties.

The executives annual base salary shall mean the highest rate of base salary in effect during the six-month period ending immediately
prior to the change in control or involuntary termination and the executives target bonus amount shall mean an amount equal to the product of (i) the Executives annual base salary and (ii) the executives target bonus percentage for
the fiscal year of the Employer immediately preceding the year of termination.

An involuntary termination shall mean any
termination of the executives employment with the Company that results from either (i) termination (whether before, on or following a change of control) by the Company other than for cause; or (ii) upon a change in duties by the executive on
or within 18 months following a change of control.

Equity-Based Compensation Plans

The Company maintains the Goodrich Petroleum Corporation 2006 Long-Term Incentive Plan (2006 Plan), under which each of Messrs.
Goodrich, Turnham, Ferchau, and Mr. Killelea have received grants of stock options and/or phantom stock. The terms of the 2006 Plan and related award agreements provide for options to become fully vested and exercisable upon a change of
control (as defined below) of the Company or upon the grantees termination of employment due to death or disability. Phantom stock granted under the 2006 Plan become fully vested upon a change of control of the Company, or upon a
grantees termination of employment with the Company due to death or disability. A change of control of the Company is defined for purposes of the 2006 Plan as a change of control event as defined in the regulations and guidance
issued under Section 409A of the Code. Our Committee has the authority to provide for alternative acceleration or exercise treatment for the awards granted pursuant to the 2006 Plan at its discretion, but for purposes of the table below, we have
assumed that the executives would receive the treatment of their equity awards as currently noted in the 2006 Plan and their award agreements.

A summary of the possible cash severance payments and continuation of health and life insurance coverage, as well as the accelerated vesting
or settlement of the options and phantom stock, are detailed below for each of the named executive officers. The value of all equity awards is based upon the closing price of our stock on December 31, 2015, or $0.27. None of our NEOs held unvested
stock options at the end of 2015; therefore, there is no value associated with accelerated vesting of stock options in the table below.



|                                |  |                    |         |  |                                                                             |  |           |                         |  |  |                                                    |  |  |  |         | 
|------------------------------- |  | ------------------ | ------- |  | --------------------------------------------------------------------------- |  | --------- | ----------------------- |  |  | -------------------------------------------------- |  |  |  | ------- | 
|Executive                       |  | Death orDisability |         |  | Change in controlfollowed by atermination withoutcause or a change induties |  |           | Terminationwithoutcause |  |  | Change in controlwithout aTermination ofEmployment | 
|                                |  | ($)                |         |  | ($)                                                                         |  |           | ($)                     |  |  | ($)                                                | 
|Walter G. Goodrich              |  |                    |         |  |                                                                             |  |           |                         |  |  |                                                    |  |  |  |         | 
|Cash Severance(1)               |  |                    |        |  |                                                                             |  | 3,345,500 |                         |  |  | 3,345,500                                          |  |  |  |        | 
|Health and Life Continuation(2) |  |                    |        |  |                                                                             |  | 60,958    |                         |  |  | 60,958                                             |  |  |  |        | 
|Accelerated Equity Awards(3)    |  |                    | 169,366 |  |                                                                             |  | 169,366   |                         |  |  |                                                   |  |  |  | 169,366 | 
|Total                           |  |                    | 169,366 |  |                                                                             |  | 3,575,824 |                         |  |  | 3,406,458                                          |  |  |  | 169,366 | 
|Robert C. Turnham, Jr.          |  |                    |         |  |                                                                             |  |           |                         |  |  |                                                    |  |  |  |         | 
|Cash Severance(1)               |  |                    |        |  |                                                                             |  | 3,175,935 |                         |  |  | 3,175,935                                          |  |  |  |        | 
|Health and Life Continuation(2) |  |                    |        |  |                                                                             |  | 42,933    |                         |  |  | 42,933                                             |  |  |  |        | 
|Accelerated Equity Awards(3)    |  |                    | 158,310 |  |                                                                             |  | 158,310   |                         |  |  |                                                   |  |  |  | 158,310 | 
|Total                           |  |                    | 158,310 |  |                                                                             |  | 3,377,179 |                         |  |  | 3,218,868                                          |  |  |  | 158,310 | 
|Mark E. Ferchau                 |  |                    |         |  |                                                                             |  |           |                         |  |  |                                                    |  |  |  |         | 
|Cash Severance(1)               |  |                    |        |  |                                                                             |  | 2,125,685 |                         |  |  | 2,125,685                                          |  |  |  |        | 
|Health and Life Continuation(2) |  |                    |        |  |                                                                             |  | 60,958    |                         |  |  | 60,958                                             |  |  |  |        | 
|Accelerated Equity Awards(3)    |  |                    | 123,121 |  |                                                                             |  | 123,121   |                         |  |  |                                                   |  |  |  | 123,121 | 
|Total                           |  |                    | 123,121 |  |                                                                             |  | 2,309,764 |                         |  |  | 2,186,643                                          |  |  |  | 123,121 | 
|Michael J. Killelea             |  |                    |         |  |                                                                             |  |           |                         |  |  |                                                    |  |  |  |         | 
|Cash Severance(1)               |  |                    |         |  |                                                                             |  | 1,577,854 |                         |  |  | 1,577,854                                          |  |  |  |         | 
|Health Continuation(2)          |  |                    |         |  |                                                                             |  | 28,839    |                         |  |  | 28,839                                             |  |  |  |         | 
|Accelerated Equity Awards(3)    |  |                    | 93,875  |  |                                                                             |  | 93,875    |                         |  |  |                                                    |  |  |  | 93,875  | 
|Total                           |  |                    | 93,875  |  |                                                                             |  | 1,700,567 |                         |  |  | 1,606,693                                          |  |  |  | 93,875  | 



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##### Table of Contents



|(1) | The total compensation used to determine the amount of cash severance each executive would have been entitled to as of December 31, 2015 is comprised of the following amounts:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

a. Mr. Goodrich: $515,00 in annual salary; $717,600 in bonus; and $440,150 for the value of the previous years equity awards.

b. Mr. Turnham: $486,000 in annual salary; $678,600 in bonus; and $423,368 for the value of the previous years equity awards.

c. Mr. Ferchau: $380,000 in annual salary; $353,600 in bonus; and $329,243 for the value of the previous years equity awards.

e. Mr. Killelea: $307,000 in annual salary; $228,800 in bonus; and $253,127 for the value of the previous years equity awards.



|(2) | The amounts disclosed above for the continuation of health and life insurance were calculated by using the current cost for health and life insurance (if applicable) for each executive as of December 31, 2015 under our
current health and life insurance plans. The continuation costs could be more or less than the amounts disclosed above depending on the time of the executives actual termination of employment.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | The acceleration of equity for each of the executives is comprised of restricted phantom stock for all of the executives pursuant to the 2006 Plan. Amounts disclosed in the table above reflect:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

a. Mr. Goodrich: 627,281 shares of phantom stock.

b. Mr. Turnham 586,335 shares of phantom stock.

c. Mr. Ferchau 456,002 shares of phantom stock.

e. Mr. Killelea: 347,687 shares of phantom stock.

Risk Assessment Related to our Compensation Structure

We believe our compensation plans for all employees, including the Named Executive Officers, are appropriately structured and are not
reasonably likely to have a material adverse effect on the Company. We believe our approach to goal setting, setting of targets with payouts at multiple levels of performance, and evaluation of performance results assist in mitigating excessive
risk-taking that could harm our value or reward poor judgment by our executives. Several features of our programs reflect sound risk management practices. We set performance goals that we believe are reasonable in light of past performance and
market conditions. We also believe we have allocated our compensation among base salary and short and long-term compensation target opportunities in such a way as to not encourage excessive risk-taking. Further, with respect to our incentive
compensation programs, the metrics that determine payouts for our employees are company-wide metrics only. This is based on our belief that applying Company-wide metrics encourages decision-making that is in the best long-term interests of the
Company and our stockholders as a whole. We use phantom stock rather than stock options for equity awards because phantom stock retains value even in a depressed market so that employees are less likely to take unreasonable risks to get, or
keep, options in-the-money. Finally, the time-based vesting over three years for our long-term incentive awards, even after achievement of any performance criteria, ensures that our employees interests align with those of our
stockholders for the long-term performance of the Company.

DIRECTOR COMPENSATION

General

The following table sets forth a
summary of the compensation we paid to our non-employee directors in 2015. Directors who are our full-time employees receive no compensation for serving as directors.



19



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##### Table of Contents

Director Compensation for Year Ended December 31, 2015



|                          |  |      |      |  |                            |  |         |                 |  |  |                       |  |  |       |   |  |  |  |         | 
|------------------------- |  | ---- | ---- |  | -------------------------- |  | ------- | --------------- |  |  | --------------------- |  |  | ----- | - |  |  |  | ------- | 
|Name                      |  | Year |      |  | Fees Earned orPaid in Cash |  |         | Stock Awards(1) |  |  | All OtherCompensation |  |  | Total |  
|                          |  |      |      |  | ($)                        |  |         | ($)             |  |  | ($)                   |  |  | ($)   |  
|Josiah T. Austin          |  |      | 2015 |  |                            |  | 14,000  |                 |  |  | 175,000               |  |  |       |  |  |  |  | 189,000 | 
|Peter Goodson             |  |      | 2015 |  |                            |  | 95,998  |                 |  |  | 95,002                |  |  |       |   |  |  |  | 195,000 | 
|Patrick E. Malloy, III(2) |  |      | 2015 |  |                            |  | 208,333 |                 |  |  | 172,290               |  |  |       |   |  |  |  | 380,624 | 
|Michael J. Perdue         |  |      | 2015 |  |                            |  | 114,002 |                 |  |  | 99,998                |  |  |       |  |  |  |  | 214,000 | 
|Arthur A. Seeligson       |  |      | 2015 |  |                            |  | 117,900 |                 |  |  | 100,100               |  |  |       |  |  |  |  | 218,000 | 
|Stephen M. Straty         |  |      | 2015 |  |                            |  | 78,000  |                 |  |  | 110,000               |  |  |       |  |  |  |  | 188,000 | 
|Gene Washington           |  |      | 2015 |  |                            |  | 101,502 |                 |  |  | 99,998                |  |  |       |  |  |  |  | 201,500 | 



|(1) | No director had any outstanding stock awards at year-end 2015. The amounts included in the Stock Awards column reflect the grant fair value of each directors award as computed in accordance with the
Topic 718 of the Codification Assumptions used in the calculation of these amounts are included in Note 2 to our audited financial statements for the fiscal year ended December 31, 2015 included in our Annual Report on Form 10-K for the
year ended December 31, 2015.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Mr. Malloy resigned in May, 2015.
|--- | ---------------------------------

Retainer / Fees

Each non-employee director received the following compensation in 2015:



| |  |  | cash retainers of $20,000 for the Chairman of the Audit Committee, $7,500 for the Chairman of the Compensation Committee, $5,000 for the Chairman of the Nominating and Corporate Governance Committee, and $20,000 for the
Lead Director;
| | - |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | a meeting fee of $1,000 for each Board meeting attended in person or via teleconference and $1,000 for each committee meeting attended in person or via teleconference; and
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | annual director compensation of $175,000 of which each director received a minimum of $100,000 in Goodrich common stock and the remaining balance could be received in either equity or cash.
| | - |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Effective March 1, 2016, non-employee director compensation was reduced to the following:



| |  |  | cash retainers of $16,000 for the Chairman of the Audit Committee, $6,000 for the Chairman of the Compensation Committee, $4,000 for the Chairman of the Nominating and Corporate Governance Committee, and $16,000 for the
Lead Director; each to be paid on a quarterly basis;
| | - |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | a meeting fee of $1,000 for each Board meeting attended in person or via teleconference and $1,000 for each committee meeting attended in person or via teleconference; but more than one meeting in a week would
constitute one meeting; and
| | - |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  | annual cash retainer of $60,000 to be paid on a quarterly basis.
| | - |  | ----------------------------------------------------------------

Non-Employee Director Stock Ownership
Guidelines

In September 2013, the Board approved stock ownership guidelines for the Companys non-employee directors based
upon the belief that stock ownership guidelines further align the interests of the Companys non-employee directors with those of the Companys stockholders. These guidelines provide that each non-employee director is generally expected to
accumulate and hold a number of shares of the Companys common stock at least equivalent to the value of three times the annual cash retainer received by the director for his or her service as a director. The non-employee directors are required
to accumulate within either three years after the later of (1) the date each non-employee director joins the Board, or (2) the date the guidelines were approved and made effective, whichever date last occurs.



20



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##### Table of Contents

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters

The following table sets forth as of April 25, 2016 (except as otherwise noted) certain information with respect
to the amount of our common stock beneficially owned (as defined by the SECs rules and regulations) by:



| |  |  | each person known to beneficially own 5% or more of the outstanding shares of our common stock;
| | - |  | -----------------------------------------------------------------------------------------------



| |  |  | each of our named executive officers;
| | - |  | -------------------------------------



| |  |  | each of our directors; and
| | - |  | --------------------------



| |  |  | all current executive officers and directors as a group.
| | - |  | --------------------------------------------------------



|                         |  |                                                          |  |                                          |           |  |                      |  |     |  
|------------------------ |  | -------------------------------------------------------- |  | ---------------------------------------- | --------- |  | -------------------- |  | --- | -
|Title of Class           |  | Name and Address of
Beneficial Owner (1)                 |  | Amount and Nature ofBeneficial Ownership |           |  | Percent of Class (2) | 
|Common Stock             |  | Walter G. Goodrich(3)                                    |  |                                          | 898,435   |  |                      |  | 1.2 |  
|Common Stock             |  | Robert C. Turnham, Jr.(4)                                |  |                                          | 589,263   |  |                      |  |     | *
|Common Stock             |  | Josiah T. Austin                                         |  |                                          | 316,642   |  |                      |  |     | *
|Common Stock             |  | Mark E. Ferchau                                          |  |                                          | 241,655   |  |                      |  |     | *
|Common Stock             |  | Michael J. Killelea                                      |  |                                          | 149,302   |  |                      |  |     | *
|Common Stock             |  | Arthur A. Seeligson                                      |  |                                          | 106,257   |  |                      |  |     | *
|Common Stock             |  | Michael J. Perdue(5)                                     |  |                                          | 100,000   |  |                      |  |     | *
|Common Stock             |  | Gene Washington                                          |  |                                          | 75,511    |  |                      |  |     | *
|Common Stock             |  | Stephen M. Straty                                        |  |                                          | 66,667    |  |                      |  |     | *
|Common Stock             |  | Robert T. Barker                                         |  |                                          | 23,711    |  |                      |  |     | *
|Common Stock             |  | Directors and Executive Officers as a Group (10 persons) |  |                                          | 2,567,443 |  |                      |  | 3.3 |  
|Common Stock             |  | Allianz Global Investors U.S. LLC(6)                     |  |                                          | 3,900,000 |  |                      |  | 5.0 |  
|Series E Preferred Stock |  | Josiah T. Austin                                         |  |                                          | 13,912    |  |                      |  |     | *
|Series E Preferred Stock |  | Walter G. Goodrich                                       |  |                                          | 8,000     |  |                      |  |     | *
|Series E Preferred Stock |  | Robert C. Turnham, Jr.                                   |  |                                          | 11,600    |  |                      |  |     | *
|Series E Preferred Stock |  | Gene Washington                                          |  |                                          | 2,650     |  |                      |  |     | *
|Series E Preferred Stock |  | Directors and Executive Officers as a Group              |  |                                          | 38,162    |  |                      |  | 1.3 |  



|* | Less than 1%
|- | ------------

|(1) | Unless otherwise indicated, the address of each beneficial owner is c/o Goodrich Petroleum Corporation, 801 Louisiana, Suite 700, Houston, Texas 77002 and each beneficial owner has sole voting and dispositive power over
such shares.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Based on the following respective total shares outstanding for each class of our equity securities as of April 25, 2016: (i) 78,203,180 shares of our common stock; and (ii) 2,875,335 depositary shares, each representing
a 1/1000th ownership interest in a share of our 10.00% Series E Cumulative Convertible Preferred Stock.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(3) | Includes the following securities: (a) 359,901 shares of common stock held by Walter G. Goodrich on his own behalf, (b) 100,000 shares of common stock held by Mr. Goodrichs wife, (c) 381,409 shares of common stock
owned by Goodrich Energy, Inc., a corporation with respect to which Walter G. Goodrich is the majority stockholder and exercises sole voting and investment power with respect to the shares held by Goodrich Energy, Inc., and (d) 57,125 shares of
common stock held by HGF Partnership; as the sole Managing Partner of HGF Partnership, Walter G. Goodrich has control of the day-to-day operations of the partnership and exclusive control of the maintenance of the partnerships assets,
including the right to acquire and convey property on behalf of the partnership.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(4) | Includes the following securities: (a) 559,313 shares of common stock held by Mr. Turnham on his own behalf,; and (b) 29,950 shares of common stock held by Mr. Turnhams wife.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) | Includes the following securities: (a) 75,000 shares of common stock held by a family trust (which is held in a margin account) of which Mr. Perdue is the trustee, and (b) 25,000 shares held in a personal IRA.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(6) | This information is based solely on a Schedule 13G/A filed by Allianz Global Investors U.S. Holdings LLC
(AGI US Holdings) and Allianz Global Investors U.S. LLC (AGI US) on February 10, 2016. These shares of common stock are held by investment advisory clients or discretionary accounts of which AGI US is the investment adviser.
When an investment management contract (including a sub-advisory agreement) delegates to AGI US investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, AGI US Holdings
treats AGI US as having sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, AGI US reports on Schedule 13G that it has sole investment discretion and voting authority over
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### Table of Contents

| | the securities covered by any such investment management agreement. As a result, AGI US may be deemed to beneficially own the securities held by its clients or accounts within the meaning of rule
13d-3 under the Act. Because AGI US Holdings is the parent holding company of AGI US, it may be deemed to beneficially own the securities held by the clients or accounts of AGI US. In accordance with SEC Release No. 34-39538 (January 12, 1998), this
amount does not include securities, if any, beneficially owned by subsidiaries or affiliates of AGI US Holdings whose ownership of securities is disaggregated from AGI US Holdings and AGI US in accordance with that release. The address of AGI US
Holdings and AGI US is 1633 Broadway, New York, NY 10091.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Equity Compensation Plan Information

The following table sets forth certain information with respect to our equity compensation plans as of December 31, 2015.



|                                                                           |  |                                                                     |   |  |                                                      |  |   |                                                                                                                               |  |  |   | 
|-------------------------------------------------------------------------- |  | ------------------------------------------------------------------- | - |  | ---------------------------------------------------- |  | - | ----------------------------------------------------------------------------------------------------------------------------- |  |  | - | 
|Plan Category                                                              |  | Number of securitiesto be issued uponexercise ofoutstanding options |   |  | Weighted averageexercise price ofoutstanding options |  |   | Number of securitiesavailable for futureissuance under equitycompensationplans (excludingsecurities reflected
infirst column) | 
|Equity compensation plans approved by security holders:                    |  |                                                                     |   |  |                                                      |  |   |                                                                                                                               |  |  |   | 
|Goodrich Petroleum Corporation 1995 Stock Option Plan, as amended          |  |                                                                     |  |  |                                                      |  |  |                                                                                                                               |  |  |  | 
|Goodrich Petroleum Corporation 1997 Nonemployee Director Compensation Plan |  |                                                                     |  |  |                                                      |  |  |                                                                                                                               |  |  |  | 
|Goodrich Petroleum Corporation 2006 Long-Term Incentive Plan, as amended   |  |                                                                     |  |  |                                                      |  |  |                                                                                                                               |  |  |  | 

Item 13. Certain Relationships and Related Transactions and Director Independence

TRANSACTIONS WITH RELATED PERSONS

Transactions Involving Directors and Executive Officers

Related Person Transactions with Patrick E. Malloy,

Patrick E. Malloy, III, resigned as Chairman of the Board of Directors of our Company in May 2015. Mr. Malloy is a principal of Malloy Energy
Company, LLC (MEC). MEC owns various small working interests in the Bethany Longstreet field for which we are the operator. In accordance with industry standard joint operating agreements, we bill MEC for its share of capital and
operating cost on a monthly basis. As of December 31, 2014, the amounts billed and outstanding to MEC for its share of monthly capital and operating costs was less than $0.1 million and was included in trade and other accounts receivable on the
consolidated balance sheets. Such amounts at each year-end were paid by MEC to us in the month after billing and is current on payment of its billings. Billings during 2015 through the date of Mr. Malloys resignation from the Board of
Directors and for the year ended December 31, 2014 were $0.3 million and $0.4 million, respectively. Revenue distributions for the same periods totaled $0.1 million and $0.5 million, respectively.

We also serve as the operator for a number of other oil and natural gas wells owned by affiliates of MEC in which we will earn a working
interest after payout. In accordance with industry standard joint operating agreements, we bill the affiliates for its share of the capital and operating costs of these wells on a monthly basis. As of December 31, 2014, the amounts billed and
outstanding to the affiliate for its share of monthly capital and operating costs was less than $0.3 million and was included in trade and other accounts receivable on the consolidated balance sheets. Such amounts at each year-end were paid by the
affiliate to us in the month after billing and the affiliate is current on payment of its billings. Billings, during 2015 through the date of Mr. Malloy resignation from the Board of Directors and for the year ended December 31, 2014, to these
affiliates, totaled $0.2 million and $1.2 million, respectively. Revenue distributions during the same periods totaled $0.2 million and $1.2 million, respectively.



22



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##### Table of Contents

Policies and Procedures

Historically, our Board has reviewed and approved, as appropriate, related person transactions as they have been put before the Board at the
recommendation of management. In March 2007, the Board adopted a formal written policy for approving related person transactions, which was slightly modified as described below, in May 2011.

Introduction

The Board of
Directors recognizes that related person transactions present a heightened risk of conflicts of interest and/or improper valuation (or the perception thereof) and therefore has adopted a policy that requires the following in connection with all
related person transactions involving the Company.

Any Related Person Transaction shall be consummated or shall continue only
if:



| | 1. | the Audit Committee shall approve or ratify such transaction in accordance with the guidelines set forth in the policy and if the transaction is on terms comparable to those that could be obtained in arms length
dealings with an unrelated third party;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | the transaction is approved by the disinterested members of the Board of Directors; or
| | -- | --------------------------------------------------------------------------------------



| | 3. | the transaction involves compensation approved by the Compensation Committee.
| | -- | -----------------------------------------------------------------------------

For these
purposes, a Related Person is:



| | 1. | a senior officer (which shall include at a minimum each executive vice president and Section 16 officer) or director;
| | -- | ---------------------------------------------------------------------------------------------------------------------



| | 2. | a shareholder owning in excess of five percent of the Company (or its controlled affiliates);
| | -- | ---------------------------------------------------------------------------------------------



| | 3. | a person who is an immediate family member of a senior officer or director; or
| | -- | ------------------------------------------------------------------------------



| | 4. | an entity which is owned or controlled by someone listed in 1, 2 or 3 above, or an entity in which someone listed in 1, 2 or 3 above has a substantial ownership interest or control of such entity.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For these purposes, a Related Person Transaction is a transaction between us and any Related Person (including any transactions
requiring disclosure under Item 404 of Regulation S-K), other than:



| | 1. | transactions available to all employees generally; or
| | -- | -----------------------------------------------------



| | 2. | transactions involving less than $5,000 when aggregated with all similar transactions.
| | -- | --------------------------------------------------------------------------------------

Audit Committee
Approval

The Board of Directors has determined that the Audit Committee of the Board is best suited to review and approve Related
Person Transactions. Management shall present any proposed Related Person Transactions to the Committee for review prior to consummation of the transaction. After review, the Audit Committee shall approve or disapprove such transactions and at each
subsequently scheduled meeting, management shall update the Audit Committee as to any material change to those proposed transactions.

Corporate
Opportunity

The Board recognizes that situations exist where a significant opportunity may be presented to management or a member
of the Board of Directors that may equally be available to us, either directly or via referral. An example is a potential property acquisition which could become available to us. Before such opportunity may be consummated by a Related Person (other
than an otherwise unaffiliated 5% shareholder), such opportunity shall be presented to the Board of Directors for consideration. The intent is for members of management, directors, or employees who become aware of opportunities (such as potential
acquisitions) in an area in which we are currently active to present those opportunities to us before the individual is free to pursue it in his personal capacity. For example, through his/her contacts Director X becomes aware of a land acquisition
in the Haynesville Shale, and knows this is something that we might also be interested in buying. Thus, before he/she can buy the land or lease the property, he/she must put it before the Board and we must pass on the opportunity before Director X
may take action.



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##### Table of Contents

Disclosure

All Related Person Transactions are to be disclosed in the Companys applicable filings as required by the Securities Act of 1933 and the
Securities Exchange Act of 1934 and related rules. Furthermore, all Related Person Transactions shall be disclosed to the Audit Committee of the Board and any material Related Person Transaction shall be disclosed to the full Board of Directors.

Other Agreements

Management
shall assure that all Related Person Transactions are approved in accordance with any requirements of the Companys financing agreements.

Director Independence

In determining
director independence, the Nominating and Corporate Governance Committee reviews the relationships between the Company and each director and reports the results of its review to the Board. The Board uses this information to aid it in making its
determination of independence. The Board has determined that to be considered independent, an outside director may not have a direct or indirect material relationship with the Company. A material relationship is one which impairs or inhibits 
or has the potential to impair or inhibit  a directors exercise of critical and disinterested judgment on behalf of the Company and its stockholders. In determining whether a material relationship exists, the Board considers, for
example, any transactions between the Company and an entity with which a director is affiliated (as an executive officer, partner or substantial stockholder) and whether a director is a current or former employee or consultant of the Company. The
Board consults with the Companys legal counsel to ensure that the Boards determinations are consistent with all relevant securities and other laws and regulations regarding the definition of independent director, including
but not limited to those set forth in SEC rules as in effect from time to time.

Consistent with these considerations, the Board has
reviewed all the relationships between the Company and the members of the Board and affirmatively has determined that all directors are independent directors except Mr. Walter G. Goodrich and Mr. Robert C. Turnham, Jr., who are employees of the
Company.

The chart below describes the basis for the Boards determination that the director is independent. Although service as a
director of another company alone is not a material relationship that would impair a directors independence, those relationships have been reviewed and are set forth below.



|                       |  |                                                 |  |                    
|---------------------- |  | ----------------------------------------------- |  | -------------------
|Director               |  | Relationships Considered                        |  | Determination Basis
|Josiah T. Austin       |  | Director, Protea Biosciences Group Inc.         |  | Independent        
|Gene Washington        |  | Director, Goodrich Petroleum Corporation        |  | Independent        
|                       |  | President, PacWest Bancorp                      |  |                    
|Michael J. Perdue      |  | President, Pacific Western Bank                 |  | Independent        
|                       |  | Chairman, CEO & Director of Goodrich            |  | Not Independent    
|Walter G. Goodrich     |  | Petroleum Corporation                           |  | Employee of Company
|Arthur A. Seeligson    |  | Managing Partner of Seeligson Oil Company, Ltd. |  | Independent        
|                       |  | Managing Director                               |  |                    
|Stephen M. Straty      |  | Jefferies & Company, Inc.                       |  | Independent        
|                       |  | President, COO & Director of                    |  | Not Independent    
|Robert C. Turnham, Jr. |  | Goodrich Petroleum Corporation                  |  | Employee of Company

Item 14. Principal Accounting Fees and Services

Audit and Non-Audit Fees

Ernst &
Young LLP has served as our independent registered public accounting firm and audited our consolidated financial statements beginning with the fiscal year ended December 31, 2014. The following table shows the fees billed to us related to the audit
and other services provided by Ernst & Young LLP for 2014 and 2015.



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##### Table of Contents

|                                   |  |      |           |  |      |   |           | 
|---------------------------------- |  | ---- | --------- |  | ---- | - | --------- | 
|                                   |  | 2015 |           |  | 2014 |  
|Audit Fees(1)                      |  | $    | 1,651,711 |  |      | $ | 1,405,450 | 
|Audit Related Fees(2)              |  |      |          |  |      |   |           | 
|Total Audit and Audit Related Fees |  | $    | 1,651,711 |  |      | $ | 1,405,450 | 
|Tax Fees                           |  |      |          |  |      |   |          | 
|All Other Fees (3)                 |  |      |          |  |      |   |          | 
|Total Fees                         |  | $    | 1,651,711 |  |      | $ | 1,405,450 | 



|(1) | Audit fees are fees we paid to Ernst & Young LLP in 2014 and 2015 for professional services related to the audit and quarterly reviews of our financial statements and for services that are normally provided by the
accountant in connection with statutory and regulatory filings or engagements. In 2014 and 2015, audit fees included the audit of consolidated financial statements and audit of internal control over financial reporting as required by the
Sarbanes-Oxley Act of 2002, Section 404 (SOX).
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Other pre-approved audit projects.
|--- | ----------------------------------

|(3) | No other fees for professional services were paid to Ernst & Young LLP with respect to the fiscal years ended December 31, 2014 or 2015, respectively.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------

Audit Committee Pre-Approval Policy

All
services to be performed for the Company by Ernst & Young LLP must be pre-approved by the Audit Committee or a designated member of the Audit Committee, as provided in the committees charter. All services provided by Ernst & Young LLP
in fiscal year 2015 were pre-approved by the Audit Committee.



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##### Table of Contents

PART IV

Item 15. Exhibits, Financial Statement Schedules



|(a) | Listing of Financial Statements
|--- | -------------------------------

Financial Statements

No financial statements or schedules are filed with this Annual Report on Form 10-K/A.



|(b) | Exhibits
|--- | --------

The exhibits to this Annual Report on Form 10-K/A required to be filed
pursuant to Item 15(b) are listed below.



|              |  |                                                                                                                                                                                                                                                                                                                                                                        
|------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|ExhibitNumber |  | Description                                                                                                                                                                                                                                                                                                                                                            
|              | 
|2.1           |  | Purchase and Sale Agreement between Goodrich Petroleum Corporation and EP Energy E&P Company, L.P., dated as of July 24, 2015 (Incorporated by reference to Exhibit 2.1 of the Companys Current Report on Form 8-K (File No.
001-12719) filed on July 30, 2015).                                                                                                      
|              | 
|3.1           |  | Restated Certificate of Incorporation of Goodrich Petroleum Corporation, dated August 15, 1995 (Incorporated by reference to Exhibit 3.1 of the Companys Quarterly Report on Form 10-Q (File No. 033-58631) filed on November 14,
1995).                                                                                                                              
|              | 
|3.2           |  | Certificate of Amendment of Restated Certificate of Incorporation of Goodrich Acquisition II, Inc., dated January 31, 1997 (Incorporated by reference to Exhibit 3.1 B of the Companys Third Amended Registration Statement of
Form S-1 (Registration No. 333-47078) filed on December 8, 2000).                                                                      
|              | 
|3.3           |  | Certificate of Amendment of Restated Certificate of Incorporation of Goodrich Petroleum Corporation, dated March 12, 1998 (Incorporated by reference to Exhibit 3.2 of the Companys Annual Report on Form 10-K (File No.
001-12719) for the year ended December 31, 1997).                                                                                            
|              | 
|3.4           |  | Certificate of Amendment of Restated Certificate of Incorporation of Goodrich Petroleum Corporation, dated May 9, 2002 (Incorporated by reference to Exhibit 3.4 of the Companys Current Report on Form 8-K (File No. 001-12719)
filed on December 3, 2007).                                                                                                          
|              | 
|3.5           |  | Certificate of Amendment of Restated Certificate of Incorporation of Goodrich Petroleum Corporation, dated May 30, 2007 (Incorporated by reference to Exhibit 3.1 of the Companys Quarterly Report on Form 10-Q (File No.
001-12719) filed on August 9, 2007).                                                                                                        
|              | 
|3.6           |  | Certificate of Amendment of Restated Certificate of Incorporation of Goodrich Petroleum Corporation, dated May 29, 2015 (Incorporated by reference to Exhibit 3.1 of the Companys Current Report on Form 8-K (File No. 001-12719)
filed on June 4, 2015).                                                                                                             
|              | 
|3.7           |  | Bylaws of the Company, as amended and restated (Incorporated by reference to Exhibit 3.2 of the Companys Form 8-K (File No. 001-12719) filed on February 19, 2008).                                                                                                                                                                                                   
|              | 
|3.8           |  | Certificate of Designation of 5.375% Series B Cumulative Convertible Preferred Stock (Incorporated by reference to Exhibit 3.1 of the Companys Form 8-K (File No. 001-12719) filed on December 22, 2005).                                                                                                                                                             
|              | 
|3.9           |  | Certificate of Designation with respect to the 10.00% Series C Cumulative Preferred Stock (Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on April 10,
2013).                                                                                                                                         
|              | 
|3.10          |  | Certificate of Designation with respect to the 9.75% Series D Cumulative Preferred Stock (Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on August 19,
2013).                                                                                                                                         
|              | 
|3.11          |  | Certificate of Designation with respect to the 10.00% Series E Cumulative Convertible Preferred Stock (Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on December
23, 2015).                                                                                                                          
|              | 
|4.1           |  | Specimen Common Stock Certificate (Incorporated by reference to Exhibit 4.6 of the Companys Registration Statement on Form S-8 (File No. 33-01077) filed February 20, 1996).                                                                                                                                                                                          
|              | 
|4.2           |  | Deposit Agreement, dated as of April 10, 2013, by and among Goodrich Petroleum Corporation, American Stock Transfer & Trust Company, as Depositary, and the holders from time to time of the depositary receipts described therein
(Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on April 10, 2013).
|              | 
|4.3           |  | Form of Depositary Receipt representing the Depositary Shares (included as Exhibit A to Exhibit 4.1) (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on April 10,
2013).                                                                                                                              
|              | 
|4.4           |  | Form of Certificate representing the 10.00% Series C Cumulative Preferred Stock (Incorporated by reference to Exhibit 4.4 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on April 10, 2013).                                                                                                                                                   



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|              |  |                                                                                                                                                                                                                                                                                                                                                                                                       
|------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|ExhibitNumber |  | Description                                                                                                                                                                                                                                                                                                                                                                                           
|              | 
|4.5           |  | Deposit Agreement, dated as of August 19, 2013 by and among Goodrich Petroleum Corporation, American Stock Transfer & Trust Company, as Depositary, and the holders from time to time of the depositary receipts described therein
(Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on August 19, 2013).                              
|              | 
|4.6           |  | Form of Depositary Receipt representing the Depositary Shares (included as Exhibit A to Exhibit 4.8) (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on August 19,
2013).                                                                                                                                                            
|              | 
|4.7           |  | Form of Certificate representing the 9.75% Series D Cumulative Preferred Stock (Incorporated by reference to Exhibit 4.4 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on August 19, 2013).                                                                                                                                                                                  
|              | 
|4.8           |  | Deposit Agreement, dated as of December 18, 2015 by and among Goodrich Petroleum Corporation, American Stock Transfer & Trust Company, as Depositary, and the holders from time to time of the depositary receipts described therein
(Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on December 23, 2015).                          
|              | 
|4.9           |  | Form of Depositary Receipt representing the Depositary Shares (included as Exhibit A to Exhibit 4.1) (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on December
23, 2015).                                                                                                                                                          
|              | 
|4.10          |  | Form of Certificate representing the 10.00% Series E Cumulative Convertible Preferred Stock (Incorporated by reference to Exhibit 4.4 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on December 23,
2015).                                                                                                                                                                   
|              | 
|4.11          |  | Indenture, related to our 3.25% Convertible Senior Notes due 2026, dated December 6, 2006, between Goodrich Petroleum Corporation and Wells Fargo Bank, National Association, as Trustee (Incorporated by reference to Exhibit 4.12 of
the Companys Annual Report on Form 10-K (File No. 001-12719) for the year ended December 31, 2006).                                                           
|              | 
|4.12          |  | Indenture, related to our 5.00% Convertible Senior Notes due 2029, dated as of September 28, 2009, between Goodrich Petroleum Corporation and Wells Fargo Bank, National Association, as trustee (Incorporated by reference to Exhibit
4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on September 30, 2009).                                                             
|              | 
|4.13          |  | First Supplemental Indenture, related to our 5.00% Convertible Senior Notes due 2029, dated as of September 28, 2009, between Goodrich Petroleum Corporation and Wells Fargo Bank, National Association, as trustee (Incorporated by
reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on September 30, 2009).                                          
|              | 
|4.14          |  | Form of 5.00% Convertible Senior Note due 2029 (Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on September 30, 2009).                                                                                                                                                                                                               
|              | 
|4.15          |  | Indenture (including the Form of Note), related to our 8.875% Senior Notes due 2019, dated as of March 2, 2011 among the Company, the Guarantor and Wells Fargo Bank, National Association, as trustee (Incorporated by reference to
Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on March 8, 2011).                                                            
|              | 
|4.16          |  | First Supplemental Indenture, related to our 3.25% Convertible Senior Notes due 2026, dated as of April 1, 2011 among Goodrich Petroleum Corporation and Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank, National Association,
as Trustee (Incorporated by reference to Exhibit 4.10 of the Companys Annual Report on Form 10-K for the year ended December 31, 2012).                      
|              | 
|4.17          |  | Second Supplemental Indenture, related to our 5.00% Convertible Senior Notes due 2029, dated as of April 1, 2011 among Goodrich Petroleum Corporation and Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank, National Association,
as Trustee (Incorporated by reference to Exhibit 4.11 of the Companys Annual Report on Form 10-K (File No. 001-12719) for the year ended December 31, 2012).
|              | 
|4.18          |  | Third Supplemental Indenture, related to our 5.00% Convertible Senior Notes due 2032, dated as of August 26, 2013, between Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank, National
Association, as trustee (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on August 27, 2013).            
|              | 
|4.19          |  | Indenture, related to our 8.00% Second Lien Senior Secured Notes due 2018, dated as of March 12, 2015, between Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and U.S. Bank National Association, as trustee
(Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on March 18, 2015).                                 
|              | 
|4.20          |  | Warrant Agreement, dated March 12, 2015, between Goodrich Petroleum Corporation and American Stock Transfer & Trust Company LLC (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No.
001-12719) filed on March 18, 2015).                                                                                                                                  



27



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|               |  |                                                                                                                                                                                                                                                                                                                                                                                                      
|-------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit
Number |  | Description                                                                                                                                                                                                                                                                                                                                                                                          
|               | 
|4.21           |  | Registration Rights Agreement, dated March 12, 2015, by and among Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and Franklin Advisers, Inc. as investment manager on behalf of certain funds and accounts
(Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on March 18, 2015).                                  
|               | 
|4.22           |  | Warrant Registration Rights Agreement, dated March 12, 2015, by and among Goodrich Petroleum Corporation and Franklin Advisers, Inc. as investment manager on behalf of certain funds and accounts (Incorporated by reference to Exhibit
4.4 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on March 18, 2015).                                                              
|               | 
|4.23           |  | Indenture, related to our 5.00% Convertible Exchange Senior Notes due 2032, dated as of September 8, 2015, among Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and Wilmington Trust, National Association, as
trustee (Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on September 9, 2015).                   
|               | 
|4.24           |  | First Supplemental Indenture, related to our 5.00% Convertible Exchange Senior Notes due 2032, dated as of September 8, 2015, among Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and Wilmington Trust, National
Association, as trustee (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on September 9, 2015).
|               | 
|4.25           |  | Form of 5.00% Convertible Exchange Senior Note due 2032 (included in Exhibit 4.2) (Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on September 9, 2015).                                                                                                                                                                            
|               | 
|4.26           |  | Indenture, related to our 8.875% Second Lien Senior Secured Notes due 2018, dated October 1, 2015, between Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and U.S. Bank National Association, as trustee
(Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on October 2, 2015).                                   
|               | 
|4.27           |  | First Supplemental Indenture, dated October 1, 2015, among Goodrich Petroleum Corporation, Goodrich Petroleum Company, L.L.C. and U.S. Bank National Association, as trustee (Incorporated by reference to Exhibit 4.4 of the
Companys Current Report on Form 8-K (File No. 001-12719) filed on October 2, 2015).                                                                                   
|               | 
|4.28           |  | Form of 8.875% Second Lien Senior Secured Note due 2018 (included in Exhibit 4.1) (Incorporated by reference to Exhibit 4.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on October 2, 2015).                                                                                                                                                                              
|               | 
|4.29           |  | Warrant Agreement, dated October 1, 2015, between Goodrich Petroleum Corporation and American Stock Transfer & Trust Company LLC (Incorporated by reference to Exhibit 4.3 of the Companys Current Report on Form 8-K (File
No. 001-12719) filed on October 2, 2015).                                                                                                                               
|               | 
|4.30           |  | Purchase Agreement, dated as of February 26, 2015, by and among the Company and Franklin Advisers, Inc., as investment manager on behalf of certain funds and accounts listed thereto (Incorporated by reference to Exhibit 4.16 of the
Companys Annual Report on Form 10-K (File No. 001-12719) for the year ended December 31, 2014).                                                             
|               | 
|10.1           |  | Goodrich Petroleum Corporation 1995 Stock Option Plan (Incorporated by reference to Exhibit 10.21 to the Companys Registration Statement on Form S-4 (File No. 333-58631) filed May 30, 1995).                                                                                                                                                                                                      
|               | 
|10.2          |  | Goodrich Petroleum Corporation 2006 Long-Term Incentive Plan (Incorporated by reference to Annex B to the Companys Proxy Statement on Schedule 14A (File No. 001-12719) filed April 17, 2006).                                                                                                                                                                                                      
|               | 
|10.3           |  | Goodrich Petroleum Corporation 2006 Long-Term Incentive Plan, as amended by the Second Amendment thereto (Incorporated by reference to Annex A to the Companys Proxy Statement (File No. 001-12719) filed April 17,
2014).                                                                                                                                                                          
|               | 
|10.4          |  | Goodrich Petroleum Corporation 2006 Long-Term Incentive Plan as amended by the Third Amendment thereto (Incorporated by reference to Annex A to the Companys Proxy Statement (File No. 001-12719) filed May 4, 2015).                                                                                                                                                                               
|               | 
|10.5          |  | Goodrich Petroleum Corporation Annual Bonus Plan (Incorporated by reference to Exhibit 10.5 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed on November 8, 2007).                                                                                                                                                                                                          
|               | 
|10.6          |  | Non-Employee Director Compensation Summary (Incorporated by reference to Exhibit 10.49 of the Companys Annual Report on Form 10-K (File No. 001-12719) for the year ended December 31, 2007).                                                                                                                                                                                                       
|               | 
|10.7          |  | Form of Subscription Agreement dated September 27, 1999 (Incorporated by reference to Exhibit 4.1 of the Companys Current Report on Form 8-K (File No. 001-12719) dated October 15, 1999).                                                                                                                                                                                                          
|               | 
|10.8          |  | Form of Grant of Restricted Phantom Stock (1995 Stock Option Plan) (Incorporated by reference to Exhibit 4.2 to the Companys Registration Statement on Form S-8 (File No. 333-138156) filed on October 23, 2006).                                                                                                                                                                                   
|               | 
|10.9          |  | Form of Grant of Restricted Phantom Stock (2006 Long-Term Incentive Plan) (Incorporated by reference to Exhibit 4.3 to the Companys Registration Statement on Form S-8 (File No. 333-138156) filed on October 23, 2006).                                                                                                                                                                            



28



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##### Table of Contents

|               |  |                                                                                                                                                                                                                                                                                                                                                                             
|-------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit
Number |  | Description                                                                                                                                                                                                                                                                                                                                                                 
|               | 
|10.10         |  | Form of Director Stock Option Agreement (with vesting schedule) (Incorporated by reference to Exhibit 4.4 to the Companys Registration Statement on Form S-8 (File No. 333-138156) filed on October 23, 2006).                                                                                                                                                             
|               | 
|10.11         |  | Form of Director Stock Option Agreement (immediate vesting) (Incorporated by reference to Exhibit 4.5 to the Companys Registration Statement on Form S-8 (File No. 333-138156) filed on October 23, 2006).                                                                                                                                                                 
|               | 
|10.12         |  | Form of Incentive Stock Option Agreement (Incorporated by reference to Exhibit 4.6 to the Companys Registration Statement on Form S-8 (File No. 333-138156) filed on October 23, 2006).                                                                                                                                                                                    
|               | 
|10.13         |  | Form of Nonqualified Option Agreement (Incorporated by reference to Exhibit 4.7 to the Companys Registration Statement on Form S-8 (File No. 333-138156) filed on October 23, 2006).                                                                                                                                                                                       
|               | 
|10.14         |  | Amended and Restated Severance Agreement between the Company and Walter G. Goodrich dated November 5, 2007 (Incorporated by reference to Exhibit 10.1 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed on
November 8, 2007).                                                                                                                       
|               | 
|10.15         |  | Amended and Restated Severance Agreement between the Company and Robert C. Turnham, Jr. dated November 5, 2007 (Incorporated by reference to Exhibit 10.2 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed
on November 8, 2007).                                                                                                                   
|               | 
|10.16         |  | Amended and Restated Severance Agreement between the Company and Mark E. Ferchau dated November 5, 2007 (Incorporated by reference to Exhibit 10.4 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed on
November 8, 2007).                                                                                                                          
|               | 
|10.17          |  | Second Amended and Restated Credit Agreement between Goodrich Petroleum Company, L.L.C. and BNP Paribas and certain lenders dated May 5, 2009 (Incorporated by reference to Exhibit 10.1 of the Companys Quarterly Report on Form
10-Q (File No. 001-12719) filed on May 7, 2009).                                                                                         
|               | 
|10.18          |  | First Amendment to Second Amended and Restated Credit Agreement between Goodrich Petroleum Company, L.L.C. and BNP Paribas and certain lenders, dated as of September 22, 2009 (Incorporated by reference to Exhibit 10.1 of the
Companys Current Report on Form 8-K (File No. 001-12719) filed on September 28, 2009).                                                    
|               | 
|10.19          |  | Third Amendment to Second Amended and Restated Credit Agreement dated as of February 4, 2011 among Goodrich Petroleum Company, L.L.C., BNP Paribas, as administrative agent, and the lenders party thereto (Incorporated by reference to
Exhibit 10.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on February 10, 2011).                         
|               | 
|10.20          |  | Second Amendment to Second Amended and Restated Credit Agreement dated as of October 29, 2010 among Goodrich Petroleum Company, L.L.C., BNP Paribas, as administrative agent, and the lenders party thereto (Incorporated by reference
to Exhibit 10.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on February 10, 2011).                        
|               | 
|10.21          |  | Fourth Amendment to Second Amended and Restated Credit Agreement dated as of February 25, 2011 among Goodrich Petroleum Company, L.L.C., BNP Paribas, as administrative agent, and the lenders party thereto (Incorporated by reference
to Exhibit 10.2 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on March 3, 2011).                           
|               | 
|10.22          |  | Sixth Amendment to Second Amended and Restated Credit Agreement dated as of October 31, 2011 among Goodrich Petroleum Company, L.L.C., BNP Paribas, as administrative agent, and the lenders party thereto (Incorporated by reference to
Exhibit 10.1 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed on November 4, 2011).                       
|               | 
|10.23          |  | Fifth Amendment to Second Amended and Restated Credit Agreement dated as of May 16, 2011 among Goodrich Petroleum Company, L.L.C., BNP Paribas, as administrative agent, and the lenders party thereto (Incorporated by reference to
Exhibit 10.1 to the Companys Annual Report on Form 10-K (File No. 001-12719) filed on February 24, 2012).                             
|               | 
|10.24          |  | Seventh Amendment to Second Amended and Restated Credit Agreement dated as of November 2, 2012 among Goodrich Petroleum Company, L.L.C., Well Fargo Bank, National Association, as administrative agent, and the lenders party thereto
(Incorporated by reference to Exhibit 10.1 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed on May 7, 2013).
|               | 
|10.25          |  | Eighth Amendment to Second Amended and Restated Credit Agreement dated as of March 13, 2013 among Goodrich Petroleum Company, L.L.C., Well Fargo Bank, National Association, as administrative agent, and the lenders party thereto
(Incorporated by reference to Exhibit 10.2 of the Companys Quarterly Report on Form 10-Q (File No. 001-12719) filed on May 7, 2013).   
|               | 
|10.26          |  | Ninth Amendment to Second Amended and Restated Credit Agreement dated as of October 25, 2013 among Goodrich Petroleum Company, L.L.C., Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
(Incorporated by reference to Exhibit 10.1 of the Companys Quarterly Report on Form 10-Q filed on November 5, 2013).                 



29



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##### Table of Contents

|              |  |                                                                                                                                                                                                                                                                                                                                                                         
|------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|ExhibitNumber |  | Description                                                                                                                                                                                                                                                                                                                                                             
|              | 
|10.27         |  | Tenth Amendment to the Second Amended and Restated Credit Agreement dated May 19, 2014 among Goodrich Petroleum Company LLC. And Wells Fargo Bank National Association as administrative agent and the lenders thereto (Incorporated by
reference to Exhibit 10.1 of the Companys Quarterly Report on Form 10-Q filed on August 7, 2014).                              
|              | 
|10.28         |  | Eleventh Amendment to the Second Amended and Restated Credit Agreement dated August 4, 2014 among Goodrich Petroleum Company LLC. and Wells Fargo Bank National Association as administrative agent and the lenders thereto
(Incorporated by reference to Exhibit 10.1 of the Companys Quarterly Report on Form 10-Q filed on November 6, 2014).                       
|              | 
|10.29         |  | Twelfth Amendment to the Second Amended and Restated Credit Agreement dated September 30, 2014 among Goodrich Petroleum Company LLC. and Wells Fargo Bank National Association as administrative agent and the lenders
thereto(Incorporated by reference to Exhibit 10.2 of the Companys Quarterly Report on Form 10-Q filed on November 6, 2014).                     
|              | 
|10.30         |  | Thirteenth Amendment to the Second Amended and Restated Credit Agreement dated February 26, 2015 among Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank National Association as administrative agent and the lenders thereto
(Incorporated by reference to Exhibit 10.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on March 2, 2015).
|              | 
|10.31         |  | Fourteenth Amendment to the Second Amended and Restated Credit Agreement dated October 1, 2015 among Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank National Association as administrative agent and the lenders thereto
(Incorporated by reference to Exhibit 10.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on October 2, 2015).
|              | 
|10.32         |  | Fifteenth Amendment to the Second Amended and Restated Credit Agreement dated November 3, 2015 among Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank National Association as administrative agent and the lenders thereto
(Incorporated by reference to Exhibit 10.2 of the Companys Quarterly Report on Form 10-Q filed on November 6, 2015).                 
|              | 
|10.33         |  | Sixteenth Amendment to the Second Amended and Restated Credit Agreement dated November 3, 2015 among Goodrich Petroleum Company, L.L.C. and Wells Fargo Bank National Association as administrative agent and the lenders thereto
(Incorporated by reference to Exhibit 10.33 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).
|              | 
|10.34        |  | Director Compensation Agreement between Patrick E. Malloy and Goodrich Petroleum Corporation dated June 1, 2013. (Incorporated by reference to Exhibit 10.28 of the Companys Annual Report on Form 10-K (File No. 001-12719) for
the year ended December 31, 2013).                                                                                                    
|              | 
|10.35         |  | Restructuring Support Agreement and term sheet, dated March 28, 2016 (Incorporated by reference to Exhibit 10.1 of the Companys Current Report on Form 8-K (File No. 001-12719) filed on April 1, 2016).                                                                                                                                                               
|              | 
|12.1          |  | Ratio of Earnings to Fixed Charges (Incorporated by reference to Exhibit 12.1 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                                                                
|              | 
|12.2          |  | Ratio of Earnings to Fixed Charges and Preference Securities Dividends (Incorporated by reference to Exhibit 12.2 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                            
|              | 
|21.1          |  | Subsidiary of the Registrant: Goodrich Petroleum Company L.L.C.Organized in the State of Louisiana.                                                                                                                                                                                                                                                                    
|              | 
|23.1          |  | Consent of Ernst & Young LLPIndependent Registered Public Accounting Firm (Incorporated by reference to Exhibit 23.1 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                        
|              | 
|23.2          |  | Consent of Netherland, Sewell & Associates, Inc. (Incorporated by reference to Exhibit 23.2 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                                                  
|              | 
|23.3          |  | Consent of Ryder Scott Company (Incorporated by reference to Exhibit 23.3 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                                                                    
|              | 
|31.1*         |  | Certification by Chief Executive Officer Pursuant to 15 U.S.C. Section 7241, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                      
|              | 
|31.2*         |  | Certification by Chief Financial Officer Pursuant to 15 U.S.C. Section 7241, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                      
|              | 
|32.1          |  | Certification by Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (incorporated by reference to Exhibit 32.1 of the Companys Annual Report on Form
10-K (File No. 001-12719) filed on March 30, 2016).                                                                                 
|              | 
|32.2          |  | Certification by Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (incorporated by reference to Exhibit 32.2 of the Companys Annual Report on Form
10-K (File No. 001-12719) filed on March 30, 2016).                                                                                 
|              | 
|99.1          |  | Report of Netherland, Sewell & Associates, Inc., Independent Petroleum Engineers and Geologists (incorporated by reference to Exhibit 99.1 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30,
2016).                                                                                                                                   
|              | 
|99.2          |  | Report of Ryder Scott Company, Independent Petroleum Engineers and Geologists (incorporated by reference to Exhibit 99.2 of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                     
|              | 
|101.INS       |  | XBRL Instance Document (incorporated by reference to Exhibit 101.INS of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).                                                                                                                                                                                                         



30



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##### Table of Contents

|              |  |                                                                                                                                                                             
|------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|ExhibitNumber |  | Description                                                                                                                                                                 
|              | 
|101.SCH       |  | XBRL Schema Document (incorporated by reference to Exhibit 101.SCH of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).               
|              | 
|101.CAL       |  | XBRL Calculation Linkbase Document (incorporated by reference to Exhibit 101.CAL of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016). 
|              | 
|101.LAB       |  | XBRL Labels Linkbase Document (incorporated by reference to Exhibit 101.LAB of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).      
|              | 
|101.PRE       |  | XBRL Presentation Linkbase Document (incorporated by reference to Exhibit 101.PRE of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).
|              | 
|101.DEF       |  | XBRL Definition Linkbase Document (incorporated by reference to Exhibit 101.DEF of the Companys Annual Report on Form 10-K (File No. 001-12719) filed on March 30, 2016).  



|* | Filed herewith.
|- | ---------------

| | Denotes management contract or compensatory plan or arrangement.
|- | ----------------------------------------------------------------



31



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##### Table of Contents

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized, on April 29, 2016.



|                               |  |                        
|------------------------------ |  | -----------------------
|GOODRICH PETROLEUM CORPORATION
|                               | 
|By:                            |  | /s/ Walter G. Goodrich 
|                               |  | Walter G. Goodrich     
|                               |  | Chief Executive Officer