SEC Form 4 · accession 0001528129-17-000047
Laredo Petroleum, Inc. · LPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Beyer
Officer — VP - Controller & CAO
Period of report
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:47 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 StockF1 | Feb 27, 2017 | F | 2,141 | $0.00 | D | 65,226 | 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 | $14.12 | holding | — | — | — | Feb 17, 2018 | Feb 17, 2027 | Common Stock | 15,019 | 15,019 | D |
| Performance UnitsF3 | — | holding | — | — | — | Feb 17, 2020 | — | Common Stock | 19,858 | 19,858 | D |
| Stock Option (Right to buy)F2 | $4.10 | holding | — | — | — | Feb 19, 2017 | Feb 19, 2026 | Common Stock | 39,133 | 39,133 | D |
| Performance UnitsF4 | — | holding | — | — | — | Feb 19, 2019 | — | Common Stock | 49,065 | 49,065 | D |
| Stock Option (Right to buy)F2 | $11.93 | holding | — | — | — | Feb 27, 2016 | Feb 27, 2025 | Common Stock | 21,188 | 21,188 | D |
| Performance UnitsF5 | — | holding | — | — | — | Feb 27, 2018 | — | Common Stock | 20,210 | 20,210 | D |
| Stock Option (Right to buy)F2 | $17.34 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 13,077 | 13,077 | D |
| Stock Option (Right to buy)F2 | $24.11 | holding | — | — | — | Feb 3, 2013 | Feb 3, 2022 | Common Stock | 2,617 | 2,617 | D |
Explanation of responses
- F1Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Persons in connection with the vesting of a portion of restricted shares previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.
- F2This stock option is granted under the Issuer's 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 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, 2019. 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 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, 2018. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.
- F5These performance share units are granted under the Issuer's 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.