SEC Form 4 · accession 0001528129-17-000055

Laredo Petroleum, Inc. · LPI

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

Reporting owner

Patrick J Curth

Officer — Sr. VP - Exploration & Land

Period of report

Feb 27, 2017

Accepted (ET)

Mar 1, 2017 · 4:54 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, 2017	M	15,801	$13.91	A	209,599	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Units^F1	—	Feb 27, 2017	M	21,068	D	Dec 31, 2016	—	Common Stock	21,068	0	D
Stock Option (Right to buy)^F2	$14.12	holding	—	—	—	Feb 17, 2018	Feb 17, 2027	Common Stock	31,571	31,571	D
Performance Units^F3	—	holding	—	—	—	Feb 17, 2020	—	Common Stock	41,744	41,744	D
Stock Option (Right to buy)^F2	$4.10	holding	—	—	—	Feb 19, 2017	Feb 19, 2026	Common Stock	84,173	84,173	D
Performance Units^F4	—	holding	—	—	—	Feb 19, 2019	—	Common Stock	105,536	105,536	D
Stock Option (Right to buy)^F2	$11.93	holding	—	—	—	Feb 27, 2016	Feb 27, 2025	Common Stock	45,574	45,574	D
Performance Units^F5	—	holding	—	—	—	Feb 27, 2018	—	Common Stock	43,472	43,472	D
Stock Option (Right to buy)^F2	$25.60	holding	—	—	—	Feb 27, 2015	Feb 27, 2024	Common Stock	26,068	26,068	D
Stock Option (Right to buy)^F2	$17.34	holding	—	—	—	Feb 15, 2014	Feb 15, 2023	Common Stock	33,330	33,330	D
Stock Option (Right to buy)^F2	$24.11	holding	—	—	—	Feb 3, 2013	Feb 3, 2022	Common Stock	21,131	21,131	D

Explanation of responses

F1The performance units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 4 filed by the Issuer on March 3, 2014. Each performance unit represented a share of common stock. The performance units vested on February 27, 2017, and became payable 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. Based on the actual performance criteria satisfied, 75% of the shares were issued, resulting in the issuance of 15,801 shares of common stock.
F2This stock option was 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.