Accession Number: | 0001528129-19-000026 |
Date: | 2019-02-15 |
Issuer: | LAREDO PETROLEUM, INC. (LPI) |
Original Submission Date: |
BUTERBAUGH RICHARD C
15 W. SIXTH STREET, SUITE 900
TULSA, OK 74119
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-02-15 | F | 32,663 | d | $3.86 | 405,979 | direct | ||
COMMON STOCK | 2019-02-19 | F | 8,665 | d | $3.76 | 397,314 | direct | ||
COMMON STOCK | 2019-02-19 | M | 0 | a | $0.00 | 397,314 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PERFORMANCE UNITS | 0.0 | 2019-02-19 | deemed execution date | M | 0 (a) | 2019-02-19 | common stock 0 | $0.00 | 0 | direct | ||
PERFORMANCE UNITS | 0.0 | 2019-02-15 | deemed execution date | 0 ( ) | 2021-02-16 | common stock 157,005 | $0.00 | 157,005 | direct | |||
STOCK OPTION (RIGHT TO BUY) | 14.12 | 2019-02-15 | deemed execution date | 0 ( ) | 2018-02-17 | 2027-02-17 | common stock 52,754 | $14.12 | 52,754 | direct | ||
PERFORMANCE UNITS | 0.0 | 2019-02-15 | deemed execution date | 0 ( ) | 2020-02-17 | common stock 69,751 | $0.00 | 69,751 | direct | |||
STOCK OPTION (RIGHT TO BUY) | 4.1 | 2019-02-15 | deemed execution date | 0 ( ) | 2017-02-19 | 2026-02-19 | common stock 137,335 | $4.10 | 137,335 | direct | ||
STOCK OPTION (RIGHT TO BUY) | 11.93 | 2019-02-15 | deemed execution date | 0 ( ) | 2016-02-27 | 2025-02-27 | common stock 74,358 | $11.93 | 74,358 | direct | ||
STOCK OPTION (RIGHT TO BUY) | 25.6 | 2019-02-15 | deemed execution date | 0 ( ) | 2015-02-27 | 2024-02-27 | common stock 42,532 | $25.60 | 42,532 | direct | ||
STOCK OPTION (RIGHT TO BUY) | 17.34 | 2019-02-15 | deemed execution date | 0 ( ) | 2014-02-15 | 2023-02-15 | common stock 42,961 | $17.34 | 42,961 | direct |
ID | footnote |
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f1 | 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. |
f2 | the 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 may 27, 2016. each performance unit represented a share of common stock. the performance units vested on february 19, 2019, and became payable in common stock based upon the issuer's total shareholders return measured against an industry peer group, over a three-year performance period ending december 31, 2018. based on the actual market criteria, 0% of the 172,190 performance units were issued, resulting in the issuance of 0 shares of common stock. |
f3 | 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 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. the final number of shares of common stock granted can range from 0% to 200% of the performance share units. |
f4 | 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. |
f5 | 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 the issuer's total shareholders return measured against an industry peer group, over a three-year performance period ending december 31, 2019. the final number of shares of common stock granted can range from 0% to 200% of the performance share units. |