SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Firefly Value Partners, LP

(Last) (First) (Middle)
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GULFPORT ENERGY CORP [ GPOR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Former 10% Owner
3. Date of Earliest Transaction (Month/Day/Year)
10/13/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value(1) 10/13/2020 S 6,799,467 D $0.4064(2) 14,106,533 D(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Firefly Value Partners, LP

(Last) (First) (Middle)
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
1. Name and Address of Reporting Person*
FVP Master Fund LP

(Last) (First) (Middle)
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Firefly Management CO GP, LLC

(Last) (First) (Middle)
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
1. Name and Address of Reporting Person*
FVP GP, LLC

(Last) (First) (Middle)
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Heslop Ryan

(Last) (First) (Middle)
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Warszawski Ariel

(Last) (First) (Middle)
C/O FIREFLY VALUE PARTNERS, LP
404 ROCKWOOD PATH

(Street)
NEW HOPE PA 18938

(City) (State) (Zip)
Explanation of Responses:
1. This Form 4 is filed jointly by FVP Master Fund, L.P. ("FVP Master Fund"), Firefly Value Partners, LP ("Firefly Value Partners"), FVP GP, LLC ("FVP GP"), Firefly Management Company GP, LLC ("Firefly Management"), Ariel Warszawski and Ryan Heslop (collectively, the "Reporting Persons"). Following the transactions reported herein, the Reporting Persons ceased to beneficially own 10% or more of the Issuer's outstanding shares of Common Stock, $0.01 par value per share (the "Common Stock").
2. The price reported in column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $0.3497 to $0.3550. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in this footnote.
3. Securities owned directly by FVP Master Fund. As the investment manager of FVP Master Fund, Firefly Value Partners may be deemed to beneficially own the securities owned directly by FVP Master Fund. As the general partner of FVP Master Fund, FVP GP may be deemed to beneficially own the securities owned directly by FVP Master Fund. As the general partner of Firefly Value Partners, Firefly Management may be deemed to beneficially own the securities owned directly by FVP Master Fund. As a managing member of each of FVP GP and Firefly Management, each of Messrs. Heslop and Warszawski may be deemed to beneficially own the securities owned directly by FVP Master Fund. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Remarks:
As of October 13, 2020, the Reporting Persons ceased to collectively beneficially own 10% or more of the Issuer's outstanding shares of Common Stock.
Firefly Value Partners, LP, By: Firefly Management Company GP, LLC, its general partner, By: /s/ Ariel Warszawski, Managing Member 10/15/2020
FVP Master Fund, L.P., By: FVP GP, LLC, its general partner, By: /s/ Ariel Warszawski, Managing Member 10/15/2020
Firefly Management Company GP, LLC, By: /s/ Ariel Warszawski, Managing Member 10/15/2020
FVP GP, LLC, By: /s/ Ariel Warszawski, Managing Member 10/15/2020
/s/ Ryan Heslop 10/15/2020
/s/ Ariel Warszawski 10/15/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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