Filing Details

Accession Number:
0001528129-20-000050
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-02 17:12:26
Reporting Period:
2020-02-28
Accepted Time:
2020-03-02 17:12:26
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
1585031 Jason M. Pigott 15 W. 6Th Street, Suite 900
Tulsa OK 74119
President & Ceo Yes 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 Acquisiton 2020-02-28 100,000 $1.00 1,024,579 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Performance Units $0.00 2022-02-28 587,879 587,879 Direct
Common Stock Performance Units $0.00 2022-06-03 1,000,000 1,000,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
587,879 587,879 Direct
1,000,000 1,000,000 Direct
Footnotes
  1. These 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, 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 share units.
  2. These are outperformance share units that are granted under the Issuer's Omnibus Equity Incentive Plan as part of an offer of employment. Each outperformance share unit represents a share of common stock. The outperformance share units will be payable, if at all, in common stock, based upon the Issuer's highest 50 consecutive trading day average closing stock price that occurs over a three-year performance period ending on June 3, 2022 and will vest in three equal annual installments beginning on June 3, 2022. The final number of shares of common stock earned can range from 0 to 1,000,000 shares.