Statement of Changes in Beneficial Ownership (4)
October 02 2019 - 8:46AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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
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Foutch Randy A |
2. Issuer Name and Ticker or Trading Symbol
Laredo Petroleum, Inc.
[
LPI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Non-Executive Chairman
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(Last)
(First)
(Middle)
15 W. SIXTH STREET, SUITE 900 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/1/2019
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(Street)
TULSA, OK 74119
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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10/1/2019
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J
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608730 (1)
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D
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$0
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907102
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D
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Common Stock
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451340
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I
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By Lariat Ranch LLC (2)
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Common Stock
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90037
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I
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By Foutch Family Trust A (2)
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Common Stock
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90037
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I
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By Foutch Family Trust B (2)
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Common Stock
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90037
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I
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By Foutch Family Trust C (2)
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Common Stock
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90037
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I
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By Foutch Family Trust D (2)
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Common Stock
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500
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I
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By Daughter (2)
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Common Stock
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46838
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I
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Jeanine Marie Foutch Revocable Trust (2)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Performance Units
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(3)
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10/1/2019
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J
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348493
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2/28/2022
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(3)
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Common Stock
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348493.0
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$0
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0
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D
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Performance Units
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(3)
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10/1/2019
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J
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348213
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2/16/2021
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(3)
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Common Stock
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348213.0
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$0
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0
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D
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Performance Units
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(3)
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10/1/2019
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J
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158434
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2/17/2020
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(3)
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Common Stock
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158434.0
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$0
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0
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D
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Stock Option (Right to buy)
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$14.12
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2/17/2018
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12/30/2019 (4)
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Common Stock
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59913.0
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59913
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D
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Stock Option (Right to buy)
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$14.12
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(5)
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10/1/2019 (5)
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Common Stock
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59913.0
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0
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D
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Stock Option (Right to buy)
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$4.1
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2/19/2017
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12/30/2019 (4)
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Common Stock
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232583.0
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232583
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D
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Stock Option (Right to buy)
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$4.1
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(5)
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10/1/2019 (5)
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Common Stock
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77528.0
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0
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D
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Stock Option (Right to buy)
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$11.93
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2/27/2016
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12/30/2019 (4)
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Common Stock
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167904.0
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167904
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D
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Stock Option (Right to buy)
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$25.6
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2/27/2015
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12/30/2019 (4)
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Common Stock
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96040.0
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96040
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D
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Stock Option (Right to buy)
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$17.34
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2/15/2014
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12/30/2019 (4)
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Common Stock
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128709.0
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128709
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D
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Stock Option (Right to buy)
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$24.11
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2/3/2013
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12/30/2019 (4)
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Common Stock
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62868.0
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62868
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D
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Explanation of Responses:
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(1)
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These restricted shares are forfeited under the Issuer's Omnibus Equity Incentive Plan upon Mr. Foutch's transition from Chief Executive Officer. Mr. Foutch will remain as a Non-Executive Chairman of the Laredo Petroleum, Inc. Board of Directors until the annual meeting of stockholders in May of 2020.
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(2)
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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 406,986 shares of common stock of the Issuer held by the Foutch Family Trusts and the Jeanine Marie Foutch Revocable Trust, 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.
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(3)
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These performance share units are forfeited under the Issuer's Omnibus Equity Incentive Plan upon Mr. Foutch's transition from Chief Executive Officer.
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(4)
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This stock option was granted under the Issuer's Omnibus Equity Incentive Plan and represents the vested tranches of the grant. Pursuant to the Issuer's Omnibus Equity Incentive Plan, upon Mr. Foutch's transition from Chief Executive Officer, the expiration date for this stock option changed to December 30, 2019.
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(5)
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This stock option was granted under the Issuer's Omnibus Equity Incentive Plan and represents the unvested tranches of the grant. The unvested portion of the stock option is forfeited under the Issuer's Omnibus Equity Incentive Plan upon Mr. Foutch's transition from Chief Executive Officer.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Foutch Randy A 15 W. SIXTH STREET, SUITE 900 TULSA, OK 74119
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X
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Non-Executive Chairman
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Signatures
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/s/ Mark Denny, as attorney-in-fact for Randy A. Foutch
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10/2/2019
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**Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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 control number.
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