FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 194 ------------------------------------------ ---------------------- ------------------------------------- -------------------------- 1. Name and Address of Reporting Person* 2. Date of Event 4. Issuer Name and Ticker or Trading 6. If Amendment, Date of Requiring Statement Symbol Original Watler, Jr. D. Hughes 03/12/2003 Goodrich Petroleum Corp. GDP ---------------------------------------- ------------------ ----------------------------------- -------------------------- (Last) (First) (Middle) (Month/Day/Year) 5. Relationship of Reporting Person (Month/Day/Year) to Issuer 3. IRS Number of (Check all applicable) 7. Individual or Joint/ Reporting Person Group Filing 808 Travis, Suite 1320 (Voluntary) Director 10% Owner (Check applicable Line) --- --- ------------------------------------------ ------------------ X Form filed by One (Street) X Officer Other --- Reporting Person --- (give title ---(specify below) below) Form filed by More --- than One Reporting Houston TX 77002 Chief Financial Officer Person ------------------------------------------ ----------------------------------- (City) (State) (Zip) ---------------- ------------- -------------- ------------------------ ----------------------------------------- ------------------- Table I - Non-Derivative Securities Beneficially Owned 1. Title of Security 2. Amount of Securities 3. Ownership Form 4. Nature of Indirect Beneficial (Instr. 4) Benefically Owned Direct (D) (Instr. 4) (Instr. 4) Indirect (I) (Instr. 5) --------------------------------------------------------------------------------------------------------------------------------- Common Stock - 0 - --------------------------------------------------------------------------------------------------------------------------------- *If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) FORM 3 (continued) Table II-- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conversion or 5. Ownership Form 6. Nature of Security and Expiration Securities Underlying Exercise Price of Derivative Indirect (Instr. 4) Date Derivative Security of Derivative Derivative Beneficial (Month/Day/Year) (Instr. 4) Security Security: Ownership Direct (D) or (Instr. 5) Indirect (I) (Instr. 5) Date Expiration Title Amount or Exer- Date Number of cisable Shares ----------------------- ---------- ----------- ------ --------------- ----------------- -------------------- ------------------ ----------------------- ---------- ----------- ------ --------------- ----------------- -------------------- ------------------ ----------------------- ---------- ----------- ------ --------------- ----------------- -------------------- ------------------ ----------------------- ---------- ----------- ------ --------------- ----------------- -------------------- ------------------ ----------------------- ---------- ----------- ------ --------------- ----------------- -------------------- ------------------ Explanation of Responses: **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/D. Hughes Watler, Jr. April 4, 2003 ------------------------ -------------- **Signature of Reporting Person Note. File three copies of this form, one of which must be manually signed. If space provided is insufficient, See Instruction 6 for procedure.