SEC Form 4 · accession 0001528129-18-000041
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 16, 2018
Accepted (ET)
Feb 21, 2018 · 2:18 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 16, 2018 | F | 5,029 | $0.00 | D | 253,827 | D | |
| Common StockF2 | Feb 16, 2018 | A | 157,005 | $8.36 | A | 410,832 | D | |
| Common StockF3 | Feb 16, 2018 | A | 44,082 | $8.36 | A | 454,914 | D | |
| Common StockF1 | Feb 16, 2018 | F | 11,329 | $0.00 | D | 443,585 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF4 | — | Feb 16, 2018 | A | 157,005 | A | Feb 16, 2021 | — | Common Stock | 157,005 | 157,005 | D |
| Stock Option (Right to buy)F5 | $14.12 | holding | — | — | — | Feb 17, 2018 | Feb 17, 2027 | Common Stock | 52,754 | 52,754 | D |
| Performance UnitsF6 | — | holding | — | — | — | Feb 17, 2020 | — | Common Stock | 69,751 | 69,751 | D |
| Stock Option (Right to buy)F5 | $4.10 | holding | — | — | — | Feb 19, 2017 | Feb 19, 2026 | Common Stock | 137,335 | 137,335 | D |
| Performance UnitsF7 | — | holding | — | — | — | Feb 19, 2019 | — | Common Stock | 172,190 | 172,190 | D |
| Stock Option (Right to buy)F5 | $11.93 | holding | — | — | — | Feb 27, 2016 | Feb 27, 2025 | Common Stock | 74,358 | 74,358 | D |
| Performance UnitsF8 | — | holding | — | — | — | Feb 27, 2018 | — | Common Stock | 70,927 | 70,927 | D |
| Stock Option (Right to buy)F5 | $25.60 | holding | — | — | — | Feb 27, 2015 | Feb 27, 2024 | Common Stock | 42,532 | 42,532 | D |
| Stock Option (Right to buy)F5 | $17.34 | holding | — | — | — | Feb 15, 2014 | Feb 15, 2023 | Common Stock | 42,961 | 42,961 | 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.
- 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.