Filing Details

Accession Number:
0001528129-21-000135
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-08-10 16:32:21
Reporting Period:
2021-08-06
Accepted Time:
2021-08-10 16:32:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1528129 Laredo Petroleum Inc. LPI Crude Petroleum & Natural Gas (1311) 453007926
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1757110 Karen Tommye Chandler 15 W. 6Th Street, Suite 900
Tulsa OK 74119
Sr. V.p. & Coo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-08-06 15,042 $48.50 53,733 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Performance Units Performance Units $0.00 2022-02-28 13,868 13,868 Direct
Performance Units Performance Units $0.00 2023-03-05 32,041 32,041 Direct
Performance Units Performance Units $0.00 2024-03-09 27,549 27,549 Direct
Common Stock Stock Option (Right to buy) $346.80 2014-02-15 2023-02-15 821 821 Direct
Common Stock Stock Option (Right to buy) $282.40 2018-02-17 2027-02-17 794 794 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
13,868 13,868 Direct
32,041 32,041 Direct
27,549 27,549 Direct
2023-02-15 821 821 Direct
2027-02-17 794 794 Direct
Footnotes
  1. The price reported in Column 4 is an average weighted price. The reporting person undertakes to provide Laredo Petroleum, Inc. ("Laredo"), any security holder of Laredo, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
  2. These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance unit represents a share of common stock. The performance units will be payable, if at all, in common stock, cash, or a combination of common stock and cash, to be determined in the discretion of the Issuer's Compensation Committee, based upon (i) the Issuer's total shareholder return measured 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, 2021. The final number of shares of common stock earned can range from 0% to 200% of the performance units.
  3. These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. The performance units will be payable, if at all, in cash based upon (i) the Issuer's total shareholder return measured 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, 2022. The final amount of cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range of 0% to 200%.
  4. These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. The performance units will be payable, if at all, in cash based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction and (iv) growth in inventory, over a three-year performance period ending December 31, 2023. The final amount of cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range of 0% to 225%.
  5. This 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.