SEC Form 3 · accession 0000902664-19-001183
Laredo Petroleum, Inc. · LPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | holding | — | — | — | 91,005 | I | See Footnotes |
Table II — derivative securities
Explanation of responses
- F1Kenneth Settles holds approximately 1.03% of the limited partnership interests of SailingStone Global Natural Resources Fund, L.P. (the "Fund"), and may be considered to have a pecuniary interest in the proportionate amount of the common stock of the Company held by the Fund, or 40,403 shares. MacKenzie Davis holds approximately 1.29% of the limited partnership interests of the Fund and may be considered to have a pecuniary interest in the proportionate amount of the common stock of the Company held by the Fund, or 50,602 shares.
- F2Each of the Reporting Persons (other than Kenneth Settles and MacKenzie Davis to the extent set forth above), hereby disclaims beneficial ownership of the shares reported herein for purposes of Section 16 and for any other purpose.
Remarks
On February 14, 2019, the Reporting Persons took one or more actions which could be deemed to have the purpose or effect of influencing or changing the control of Laredo Petroleum, Inc. (the "Company"). Prior to this date, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "1934 Act"), the Reporting Persons did not beneficially own more than 10% of any class of the Company's equity securities due to exemptions from beneficial ownership under Rule 16a-1(a)(1)(v) and Rule 16a-1(a)(1)(vii) under the 1934 Act, as applicable, for shares of the Company held in accounts for which SailingStone Capital Partners LLC serves as investment adviser.