Home > Insider Trading > Filing (0001528129-22-000128)

Filing Details

Accession Number:: 0001528129-22-000128
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-07-06 16:22:34
Reporting Period:: 2022-07-01

Accepted Time:: 2022-07-06 16:22:34
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
1700959	Bryan Lemmerman	15 W. 6Th Street, Suite 900 Tulsa OK 74119	Sr Vp & Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2022-07-01	8,213	$68.89	71,635	No	4	F	Direct
Common Stock	Disposition	2022-07-05	2,127	$61.40	69,508	No	4	S	Direct
Common Stock	Disposition	2022-07-05	3,500	$62.29	66,008	No	4	S	Direct
Common Stock	Disposition	2022-07-05	3,095	$63.48	62,913	No	4	S	Direct
Common Stock	Disposition	2022-07-05	1,800	$64.51	61,113	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Performance Units	Performance Units	$0.00	2024-03-09		21,751	21,751	Direct
Performance Units	Performance Units	$0.00	2025-02-22		12,830	12,830	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	21,751	21,751	Direct
	12,830	12,830	Direct

Footnotes

Represents 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.
Shares sold pursuant to a Rule 10b5-1 trading plan.
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.
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%.
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%.