0001528129-18-000048.txt : 20180228
0001528129-18-000048.hdr.sgml : 20180228
20180228174448
ACCESSION NUMBER: 0001528129-18-000048
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180227
FILED AS OF DATE: 20180228
DATE AS OF CHANGE: 20180228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Foutch Randy A
CENTRAL INDEX KEY: 0001368852
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35380
FILM NUMBER: 18653135
MAIL ADDRESS:
STREET 1: 15 W. SIXTH STREET
STREET 2: SUITE, 1800
CITY: TULSA
STATE: OK
ZIP: 74119
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_151985787311605.xml
FORM 4
X0306
4
2018-02-27
0
0001528129
Laredo Petroleum, Inc.
LPI
0001368852
Foutch Randy A
15 W. SIXTH STREET, SUITE 900
TULSA
OK
74119
1
1
0
0
Chairman & CEO
Common Stock
2018-02-27
4
F
0
11161
8.91
D
1314560
D
Common Stock
2018-02-27
4
M
0
0
8.91
A
1314560
D
Common Stock
451340
I
By Lariat Ranch LLC
Common Stock
90037
I
By Foutch Family Trust A
Common Stock
90037
I
By Foutch Family Trust B
Common Stock
90037
I
By Foutch Family Trust C
Common Stock
90037
I
By Foutch Family Trust D
Common Stock
500
I
By Daughter
Performance Units
2021-02-16
Common Stock
348213.0
348213
D
Stock Option (Right to buy)
14.12
2018-02-17
2027-02-17
Common Stock
119826.0
119826
D
Performance Units
2020-02-17
Common Stock
158434.0
158434
D
Stock Option (Right to buy)
4.1
2017-02-19
2026-02-19
Common Stock
310111.0
310111
D
Performance Units
2019-02-19
Common Stock
388817.0
388817
D
Stock Option (Right to buy)
11.93
2016-02-27
2025-02-27
Common Stock
167904.0
167904
D
Performance Units
2018-02-27
4
M
0
0
0
A
2018-02-27
Common Stock
0.0
0
D
Stock Option (Right to buy)
25.6
2015-02-27
2024-02-27
Common Stock
96040.0
96040
D
Stock Option (Right to buy)
17.34
2014-02-15
2023-02-15
Common Stock
128709.0
128709
D
Stock Option (Right to buy)
24.11
2013-02-03
2022-02-03
Common Stock
62868.0
62868
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.
The performance units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 4 filed by the Issuer on March 3, 2015. Each performance unit represented a share of common stock. The performance units vested on February 27, 2018, 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, 2017. Based on the actual performance criteria, 0% of the 160,159 performance units were issued, resulting in the issuance of 0 shares of common stock.
By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Foutch may be deemed to be a beneficial owner of the 360,148 shares of common stock of the Issuer held by the Foutch Family Trusts, the 500 shares of common stock of the Issuer held by his daughter and the 451,340 shares of common stock held by Lariat Ranch LLC. Pursuant to Rule 16a-1(a)(4) of the Exchange Act, Mr. Foutch herein states that this Form 4 shall not be deemed an admission that he is the beneficial owner of such shares of common stock. Mr. Foutch disclaims beneficial ownership of the common stock of the Issuer, except to the extent that he has a pecuniary interest in such 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 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.
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.
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.
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, 2018. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.
/s/ Kenneth E. Dornblaser as attorney-in-fact for Randy A. Foutch
2018-02-28