0001528129-20-000018.txt : 20200218
0001528129-20-000018.hdr.sgml : 20200218
20200218151538
ACCESSION NUMBER: 0001528129-20-000018
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200214
FILED AS OF DATE: 20200218
DATE AS OF CHANGE: 20200218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Beyer Michael T
CENTRAL INDEX KEY: 0001605683
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35380
FILM NUMBER: 20624896
MAIL ADDRESS:
STREET 1: 15 W. SIXTH STREET
STREET 2: SUITE 900
CITY: TULSA
STATE: OK
ZIP: 74119
FORMER NAME:
FORMER CONFORMED NAME: Beyer Michael
DATE OF NAME CHANGE: 20140415
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Laredo Petroleum, Inc.
CENTRAL INDEX KEY: 0001528129
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 453007926
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 15 W. SIXTH STREET
STREET 2: SUITE 900
CITY: TULSA
STATE: OK
ZIP: 74119
BUSINESS PHONE: 918-513-4570
MAIL ADDRESS:
STREET 1: 15 W. SIXTH STREET
STREET 2: SUITE 900
CITY: TULSA
STATE: OK
ZIP: 74119
FORMER COMPANY:
FORMER CONFORMED NAME: Laredo Petroleum Holdings, Inc.
DATE OF NAME CHANGE: 20110816
4
1
wf-form4_158205692107238.xml
FORM 4
X0306
4
2020-02-14
0
0001528129
Laredo Petroleum, Inc.
LPI
0001605683
Beyer Michael T
15 W. SIXTH STREET, SUITE 900
TULSA
OK
74119
0
1
0
0
Sr. V.P., CFO
Common Stock
2020-02-14
4
F
0
1508
1.50
D
169896
D
Common Stock
2020-02-14
4
F
0
5108
1.50
D
164788
D
Common Stock
2020-02-14
4
M
0
0
0
A
164788
D
Performance Units
2020-02-14
4
M
0
0
0
A
2020-02-17
Common Stock
0.0
0
D
Performance Units
2021-02-16
Common Stock
34662.0
34662
D
Performance Units
2022-02-28
Common Stock
78630.0
78630
D
Stock Option (Right to buy)
24.11
2013-02-03
2022-02-03
Common Stock
2617.0
2617
D
Stock Option (Right to buy)
17.34
2014-02-15
2023-02-15
Common Stock
13077.0
13077
D
Stock Option (Right to buy)
11.93
2016-02-27
2025-02-27
Common Stock
21188.0
21188
D
Stock Option (Right to buy)
4.1
2017-02-19
2026-02-19
Common Stock
39133.0
39133
D
Stock Option (Right to buy)
14.12
2018-02-17
2027-02-17
Common Stock
15019.0
15019
D
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.
These performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 4 filed by the Issuer on February 17, 2017. Each performance share unit represented a share of common stock. These performance units vested on February 14, 2020, and became payable in common stock based upon the Issuer's total shareholders return measured against an industry peer group, over a thee-year performance period ending December 31, 2019. Based on the actual market criteria, 0% of the 19,858 performance units were issued, resulting in the issuance of 0 shares of common stock.
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, 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, 2020. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.
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 granted can range from 0% to 200% of the performance share units.
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.
/s/ Mark Denny, as attorney-in-fact for Michael T. Beyer
2020-02-18