SEC Form 4 · accession 0001528129-18-000029

Laredo Petroleum, Inc. · LPI

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

Reporting owner

Daniel C Schooley

Officer — Senior V.P. Operations

Period of report

Feb 16, 2018

Accepted (ET)

Feb 21, 2018 · 2:06 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
Common Stock^F1	Feb 16, 2018	F	3,196	$0.00	D	151,794	D
Common Stock^F2	Feb 16, 2018	A	130,616	$8.36	A	282,410	D
Common Stock^F3	Feb 16, 2018	A	25,966	$8.36	A	308,376	D
Common Stock^F1	Feb 16, 2018	F	6,115	$0.00	D	302,261	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^F4	—	Feb 16, 2018	A	130,616	A	Feb 16, 2021	—	Common Stock	130,616	130,616	D
Stock Option (Right to buy)^F5	$14.12	holding	—	—	—	Feb 17, 2018	Feb 17, 2027	Common Stock	32,298	32,298	D
Performance Units^F6	—	holding	—	—	—	Feb 17, 2020	—	Common Stock	42,705	42,705	D
Stock Option (Right to buy)^F5	$4.10	holding	—	—	—	Feb 19, 2017	Feb 19, 2026	Common Stock	73,098	73,098	D
Performance Units^F7	—	holding	—	—	—	Feb 19, 2019	—	Common Stock	91,650	91,650	D
Stock Option (Right to buy)^F5	$11.93	holding	—	—	—	Feb 27, 2016	Feb 27, 2025	Common Stock	39,577	39,577	D
Performance Units^F8	—	holding	—	—	—	Feb 27, 2018	—	Common Stock	37,752	37,752	D
Stock Option (Right to buy)^F5	$25.60	holding	—	—	—	Feb 27, 2015	Feb 27, 2024	Common Stock	22,638	22,638	D
Stock Option (Right to buy)^F5	$17.34	holding	—	—	—	Feb 15, 2014	Feb 15, 2023	Common Stock	12,050	12,050	D
Stock Option (Right to buy)^F5	$24.11	holding	—	—	—	Feb 3, 2013	Feb 3, 2022	Common Stock	6,975	6,975	D

Explanation of responses

F1Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person 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.
F2These restricted shares are granted under the Issuer's Omnibus Equity Incentive Plan and will vest in three equal annual installments beginning on the first anniversary date of the grant.
F3These restricted shares are granted under the Issuer's Omnibus Equity Incentive Plan and will vest one year after the date of the grant.
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 (i) against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three year performance period ending December 31, 2020. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.
F5This 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.
F6These 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.
F7These 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.
F8These 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.