DRAFT
07/23/98 2:42 PM
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
GOODRICH PETROLEUM CORPORATION
(Name of Issuer)
COMMON STOCK $.20 PAR VALUE
(Title of Class of Securities)
382410 40 5
(CUSIP Number)
Glynn Williams
333 Texas Street, Suite 1375
Shreveport, LA 71101
318-429-1375
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 16, 1998
(Date of Event which Requires Filing of this Statement)
<PAGE>
CUSIP No. 382410 40 5 Page 2 of 6
1. Name of Reporting Persons and IRS or SS Identification Number:
Sheldon Appel
2. Check the Appropriate Box if a Member of a Group:
(a) N/A
(b) N/A
3. SEC Use Only
4. Citizenship or Place of Organization:
United States
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
364,703
6. Shared Voting Power
0
7. Sole Dispositive Power
430,512
8. Shared Dispositive Power
0
9. Aggregate Amount Beneficially Owned by Each Reporting Person
430,512
10. Check if the Aggregate Amount in Row 9 Excludes Certain Shares
No
11. Percent of Class Represented by Amount in Row 9
7.72%
12. Type of Reporting Person
IN
* Includes 103,285 shares of Common Stock held, 255,254 shares issuable upon
the conversion of 228,930 shares of Series B Convertible Preferred Stock
and 13,750 shares of Common Stock issuable upon the conversion of 33,000
shares of Series A Convertible Preferred Stock held by a partnership
affiliated with Mr. Appel. Mr. Appel has advised the Company that he
exercises sole voting and investment power with respect to these shares.
Also includes 50,372 shares issuable upon the conversion of 45,177 shares
of Series B Convertible Preferred Stock held by a trust of which Mr. Appel
is trustee. Also includes 7,000 shares issuable upon the exercise of
outstanding stock options under the Company's 1995 Nonemployee Director
Stock Option and Nonemployee Directors Compensation Plans.
<PAGE>
CUSIP No. 382410 40 5 Page 3 of 6
1. Name of Reporting Persons and IRS or SS Identification Number:
Sheldon Appel Company
2. Check the Appropriate Box if a Member of a Group:
(a) N/A
(b) N/A
3. SEC Use Only
4. Citizenship or Place of Organization:
California
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
372,289
6. Shared Voting Power
-
7. Sole Dispositive Power
372,289
8. Shared Dispositive Power
-
9. Aggregate Amount Beneficially Owned by Each Reporting Person
372,289*
10. Check if the Aggregate Amount in Row 9 Excludes Certain Shares
No
11. Percent of Class Represented by Amount in Row 9 6.78%
12. Type of Reporting Person
PN
* Includes 255,254 shares issuable upon the conversion of 228,930 shares of
Series B Convertible Preferred Stock and 13,750 shares of Common Stock
issuable upon the conversion of 33,000 shares of Series A Convertible
Preferred Stock
<PAGE>
Page 4 of 6
Item 1(a) Name of Issuer:
Goodrich Petroleum Corporation
Item 1(b) Address of Issuer's principal executive offices:
5847 San Felipe, Suite 700
Houston, TX 77057
Item 2(a) Name of person filing:
1. Sheldon Appel
2. Sheldon Appel Company
Item 2(b) Address of principal business office or, if none, residence:
1. 2148 Federal Avenue
Suite A
Los Angeles, CA 90025
2. 2148 Federal Avenue
Suite A
Los Angeles, CA 90025
Item 2(c) Citizenship:
1. United States
2. California
Item 2(d) Title of class of securities:
Common Stock, $.20 par value
Item 2(e) CUSIP Number: 382410 40 5
Item 3 Not Applicable
Item 4 Ownership:
(a) Amount beneficially owned:
430,512*
(b) Percent of class:
7.72%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote -
430,512
(ii) shared power to vote or to direct the vote -
0
(iii) sole power to dispose or to direct the disposition of -
430,512
(iv) shared power to dispose or to direct the disposition of -
0
* Includes 103,285 shares of Common Stock held, 255,254 shares issuable upon
the conversion of 228,930 shares of Series B Convertible Preferred Stock
and 13,750 shares of Common Stock issuable upon the conversion of 33,000
shares of Series A Convertible Preferred Stock held by a partnership
affiliated with Mr. Appel. Mr. Appel has advised the Company that he
exercises sole voting and investment power with respect to these shares.
<PAGE>
Page 5 of 6
Also includes 50,372 shares issuable upon the conversion of 45,177 shares
of Series B Convertible Preferred Stock held by a trust of which Mr. Appel
is trustee. Also includes 7,000 shares issuable upon the exercise of
outstanding stock options under the Company's 1995 Nonemployee Director
Stock Option and Nonemployee Directors Compensation Plans.
Item 5-9 Not Applicable
Item 10 By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
<PAGE>
Page 6 of 6
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: July 31, 1998
/s/ Sheldon Appel
- ----------------------
Sheldon Appel
