FORM 4
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[ ] Check this box if no longer subject _________________________________
to Section 16, Form 4 or Form 5 | OMB Number: 3235-0287 |
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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,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Davidson Charles E.
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(Last) (First) (Middle)
c/o Wexford Capital LLC
411 West Putnam Avenue
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(Street)
Greenwich CT 06830
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Gulfport Energy Corporation/GPOR
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
March 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [x] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
Beneficial Owner
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7. Individual or Joint/Group Filing (Check Applicable)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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6. Owner-
2. Trans- 5. Amount of ship
action 3. Trans- 4. Securities Acquired (A) Securities Form:
Date action or Disposed of (D) Beneficially Direct 7. Nature of
(Month/ Code -------------------------- Owned at (D) or Indirect
Day/ ---------- Amount (A) or Price End of Indirect Beneficial
1. Title of Security Year) Code V (D) Month (I) Ownership
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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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB-CONTROL NUMBER.
32708
FORM 4 (continued)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G. PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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Date Exer-
cisable and Title and Ownership
Number of Expiration Amount of Number of Form of
Conver- Derivative Date (Month/ Underlying Derivative Deriv-
sion or Trans- Securities Day/Year) Securities Price Securities ative
Exercise action Trans- Acquired (A -------------- -------------- of Benefi- Security:
Price of Date action or Disposed Date Amount Deriv- cially Direct Nature of
Title of Deriv- (Month/ Code of (D) Exer- Expir- or Num- ative Owned at (D) or Indirect
Derivative ative Day/ -------- ---------- cis- ation ber of Secur- End of Indirect Beneficial
Security Security Year) Code V (A) (D) able Date Title Shares ity Month (I) Ownership
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Common $4.00/ 3/29/02 P 6,000.66 3/29/02 3/29/12 Common 1,500,165 (1) 6,000.66 I (1)
Stock share Stock
Warrant
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Footnote 1. The Warrants were issued in connection with the purchase of 6,000.66
Units, each comprised of (i) one share of Cumulative Preferred Stock, Series A,
par value $0.01 per share, and (ii) one warrant to acquire 250 shares of common
stock, par value $0.01 per share of Issuer, at a purchase price of $1,000 per
Unit. The Units were purchased by 8 separate entities (the "Wexford Entities")
in varying amounts. Wexford Capital LLC, a limited liability company of which
the Reporting Person is Chairman and a controlling member, serves as either the
investment manager, manager or investment sub-advisor to each of the Wexford
Entities. The Reporting Person disclaims beneficial ownership of the Warrants
owned by the Wexford Entities for purposes of Rule 16(a)-(3)(a) promulgated
under the Securities Act of 1934.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not Required to respond unless the form displays a currently
valid OMB Number
/s/ Charles E. Davidson April 10, 2002
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** Signature of Reporting Person Date
Charles E. Davidson