Filing Details

Accession Number:
0001528129-22-000112
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-06-02 16:16:01
Reporting Period:
2022-06-01
Accepted Time:
2022-06-02 16:16:01
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
1772798 David Mark Denny 15 W. 6Th Street, Suite 900
Tulsa OK 74119
Svp, Gen. Counsel & Secretary 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 2022-06-01 2,707 $88.95 18,452 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 2023-03-05 11,878 11,878 Direct
Performance Units Performance Units $0.00 2024-03-09 11,419 11,419 Direct
Performance Units Performance Units $0.00 2025-02-22 6,763 6,763 Direct
Common Stock Stock Option (Right to buy) $82.00 2017-02-19 2026-02-19 1,338 1,338 Direct
Common Stock Stock Option (Right to buy) $282.40 2018-02-17 2027-02-17 504 504 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
11,878 11,878 Direct
11,419 11,419 Direct
6,763 6,763 Direct
2026-02-19 1,338 1,338 Direct
2027-02-17 504 504 Direct
Footnotes
  1. Shares sold pursuant to a Rule 10b5-1 trading plan.
  2. 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%.
  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, (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%.
  4. 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, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iv) growth in inventory and (v) emissions reduction, over a three-year performance period ending December 31, 2024. The final number of shares of common stock or cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range from 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.