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