Sec Form 4 Filing - Firefly Value Partners, LP @ GULFPORT ENERGY CORP - 2020-10-13

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Firefly Value Partners, LP 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 (Last) (First) (Middle) 404 ROCKWOOD PATH, 3. Date of Earliest Transaction (MM/DD/YY) 10/13/2020 (Street) NEW HOPE, PA18938 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Firefly Value Partners, LP 404 ROCKWOOD PATH NEW HOPE, PA18938 Former 10% Owner FVP Master Fund LP C/O FIREFLY VALUE PARTNERS, LP 404 ROCKWOOD PATH NEW HOPE, PA18938 Former 10% Owner Firefly Management CO GP, LLC C/O FIREFLY VALUE PARTNERS, LP 404 ROCKWOOD PATH NEW HOPE, PA18938 Former 10% Owner FVP GP, LLC C/O FIREFLY VALUE PARTNERS, LP 404 ROCKWOOD PATH NEW HOPE, PA18938 Former 10% Owner Heslop Ryan C/O FIREFLY VALUE PARTNERS, LP 404 ROCKWOOD PATH NEW HOPE, PA18938 Former 10% Owner Warszawski Ariel C/O FIREFLY VALUE PARTNERS, LP 404 ROCKWOOD PATH NEW HOPE, PA18938 Former 10% Owner Signatures Firefly Value Partners, LP, By: Firefly Management Company GP, LLC, its general partner, By: /s/ Ariel Warszawski, Managing Member 10/15/2020 Signature of Reporting Person Date FVP Master Fund, L.P., By: FVP GP, LLC, its general partner, By: /s/ Ariel Warszawski, Managing Member 10/15/2020 Signature of Reporting Person Date Firefly Management Company GP, LLC, By: /s/ Ariel Warszawski, Managing Member 10/15/2020 Signature of Reporting Person Date FVP GP, LLC, By: /s/ Ariel Warszawski, Managing Member 10/15/2020 Signature of Reporting Person Date /s/ Ryan Heslop 10/15/2020 Signature of Reporting Person Date /s/ Ariel Warszawski 10/15/2020 Signature of Reporting Person Date

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.

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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