0001528129-21-000054.txt : 20210301
0001528129-21-000054.hdr.sgml : 20210301
20210301171830
ACCESSION NUMBER: 0001528129-21-000054
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210225
FILED AS OF DATE: 20210301
DATE AS OF CHANGE: 20210301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Denny Mark David
CENTRAL INDEX KEY: 0001772798
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35380
FILM NUMBER: 21699376
MAIL ADDRESS:
STREET 1: 2212 E 46TH STREET
CITY: TULSA
STATE: OK
ZIP: 74015
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_161463708958907.xml
FORM 4
X0306
4
2021-02-25
0
0001528129
Laredo Petroleum, Inc.
LPI
0001772798
Denny Mark David
15 W. 6TH STREET, SUITE 900
TULSA
OK
74119
0
1
0
0
SVP, Gen. Counsel & Secretary
Common Stock
2021-02-25
4
M
0
506
37.93
A
17897
D
Common Stock
2021-02-25
4
F
0
176
37.93
D
17721
D
Common Stock
2021-02-26
4
F
0
618
32.59
D
17013
D
Performance Units
2021-02-25
4
M
0
1176
0
A
2021-02-16
Common Stock
1176.0
0
D
Performance Units
2022-02-28
Common Stock
3766.0
3766
D
Performance Units
2023-03-05
Common Stock
11878.0
11878
D
Stock Option (Right to buy)
82.0
2017-02-19
2026-02-19
Common Stock
1338.0
1338
D
Stock Option (Right to buy)
282.4
2018-02-17
2027-02-17
Common Stock
504.0
504
D
These performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 3 filed by the Issuer on April 9, 2019. Each performance share unit represents a share of common stock. The performance share units became payable in common stock, based upon the Issuer's total shareholders return measured (i) 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. Based on the actual performance criteria satisfied, 43% of the shares were issued, resulting in the issuance of 506 shares of common stock.
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 and performance share units previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.
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. Share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
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%. Share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
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. Applicable prices and share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
/s/ Mark D. Denny
2021-03-01