FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/09/2014 |
3. Issuer Name and Ticker or Trading Symbol
Laredo Petroleum, Inc. [ LPI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 32,954(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to buy) | 02/03/2013(2) | 02/03/2022 | Common Stock | 2,617 | $24.11 | D | |
Stock Option (Right to buy) | 02/15/2014(2) | 02/15/2023 | Common Stock | 13,077 | $17.34 | D |
Explanation of Responses: |
1. 1,933 shares of the common stock are restricted shares issued in connection with a corporate reorganization, which involved Laredo Petroleum, LLC merging with the Issuer, with the Issuer being the surviving entity, which was completed on December 19, 2011. The reporting person received common stock of the Issuer in exchange for his vested and unvested units in Laredo Petroleum, LLC. 30,449 shares of the common stock are restricted shares granted under the Issuer's 2011 Omnibus Equity Incentive Plan. Of these 32,382 restricted shares, 570 shares will vest in equal installments on April 11, 2014 and April 11, 2015; 1,363 shares will vest in equal installments on August 10, 2014 and August 10, 2015; 2,070 shares will vest on February 3, 2015; 15,516 shares will vest in equal installments on February 15, 2015 and February 15, 2016; 9,758 shares will vest in equal installments on February 27, 2015, February 27, 2016, and February 27, 2017; and 3,105 shares will vest on February 27, 2015. |
2. This stock option is granted under the Issuer's 2011 Omnibus Equity Incentive Plan and is exercisable as to 25% on each of the first four anniversaries of the date of the grant. |
Remarks: |
Exhibit 24 - Power of Attorney |
/s/ Michael T. Beyer | 04/15/2014 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |