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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

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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

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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

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. 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.
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%.
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%.
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.