0001528129-21-000191.txt : 20211112
0001528129-21-000191.hdr.sgml : 20211112
20211112161746
ACCESSION NUMBER: 0001528129-21-000191
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211109
FILED AS OF DATE: 20211112
DATE AS OF CHANGE: 20211112
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PIGOTT M. JASON
CENTRAL INDEX KEY: 0001585031
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35380
FILM NUMBER: 211403773
MAIL ADDRESS:
STREET 1: 6100 N. WESTERN AVE.
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73118
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_163675185113413.xml
FORM 4
X0306
4
2021-11-09
0
0001528129
Laredo Petroleum, Inc.
LPI
0001585031
PIGOTT M. JASON
15 W. 6TH STREET, SUITE 900
TULSA
OK
74119
1
1
0
0
President & CEO
Common Stock
2021-11-09
4
S
0
13400
72.60
D
116043
D
Performance Units
2022-02-28
Performance Units
29393.0
29393
D
Performance Units
2022-06-03
Performance Units
10000.0
10000
D
Performance Units
2023-03-05
Performance Units
55253.0
55253
D
Performance Units
2024-03-09
Performance Units
49322.0
49322
D
The price reported in Column 4 is an average weighted price. The reporting person undertakes to provide Laredo Petroleum, Inc. ("Laredo"), any security holder of Laredo, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance unit represents a share of common stock. The performance 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 earned can range from 0% to 200% of the performance units.
These are outperformance share units that are granted under the Issuer's Omnibus Equity Incentive Plan as part of an offer of employment. Each outperformance share unit represents a share of common stock. The outperformance share units will be payable, if at all, in common stock, based upon the Issuer's highest 50 consecutive trading day average closing stock price that occurs over a three-year performance period ending on June 3, 2022 and will vest in three equal annual installments beginning on June 3, 2022. The final number of shares of common stock earned can range from 0 to 50,000 shares.
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%.
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, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction and (iv) growth in inventory, over a three-year performance period ending December 31, 2023. 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 225%.
/s/ Mark D. Denny, as attorney-in-fact for M. Jason Pigott
2021-11-12