SEC Form 4 · accession 0001528129-15-000040

Laredo Petroleum, Inc. · LPI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Richard C Buterbaugh

Officer — Executive Vice President & CFO

Period of report

Feb 27, 2015

Accepted (ET)

Mar 3, 2015 · 1:08 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001528129

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Feb 27, 2015	A	35,464	$0.00	A	121,053	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to buy)^F2	$11.93	Feb 27, 2015	A	74,358	A	Feb 27, 2016	Feb 27, 2025	Common Stock	74,358	74,358	D
Performance Units^F3	—	Feb 27, 2015	A	70,927	A	Dec 31, 2017	—	Common Stock	70,927	70,927	D
Stock Option (Right to buy)^F2	$25.60	holding	—	—	—	Feb 27, 2015	Feb 27, 2024	Common Stock	42,532	42,532	D
Performance Units^F4	—	holding	—	—	—	Dec 31, 2016	—	Common Stock	34,374	34,374	D
Stock Option (Right to buy)^F2	$17.34	holding	—	—	—	Feb 15, 2014	Feb 15, 2023	Common Stock	42,961	42,961	D
Performance Units^F5	—	holding	—	—	—	Dec 31, 2015	—	Common Stock	6,150	6,150	D

Explanation of responses

F1These restricted shares are granted under the Issuer's 2011 Omnibus Equity Incentive Plan and will vest in three equal annual installments beginning on the first anniversary date of the grant.
F2This stock option was granted under the Issuer's 2011 Omnibus Equity Incentive Plan and is exercisable as to 25% on each of the first four anniversaries of the date of the grant.
F3These performance share units are granted under the Issuer's 2011 Omnibus Equity Incentive Plan. Each performance share unit represents a share of common stock. The performance share units will be payable, if at all, in common stock, based upon the Issuer's total shareholders return measured against an industry peer group, over a three year performance period ending December 31, 2017. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.
F4These performance share units are granted under the Issuer's 2011 Omnibus Equity Incentive Plan. Each performance share unit represents a share of common stock. The performance share units will be payable, if at all, in common stock, based upon the Issuer's total shareholders return measured against an industry peer group, over a three year performance period ending December 31, 2016. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.
F5These performance units are granted under the Issuer's 2011 Omnibus Equity Incentive Plan. Each performance unit has a value of $100. The performance units will be payable, if at all, in cash, based upon the Issuer's total shareholders return measured against an industry peer group, over a three year performance period ending December 31, 2015. The final value of the performance units granted can range from 0% to 200% of the target value.