Statement of Changes in Beneficial Ownership (4)

Date : 10/02/2019 @ 12:46PM
Source : Edgar (US Regulatory)
Stock : Laredo Petroleum Inc (LPI)
Quote : 2.39  0.08 (3.46%) @ 12:59AM
After Hours
Last Trade
Last $ 2.38 ▼ -0.01 (-0.42%)

Statement of Changes in Beneficial Ownership (4)

FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

Foutch Randy A
2. Issuer Name and Ticker or Trading Symbol

Laredo Petroleum, Inc. [ LPI ]
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
(Last)          (First)          (Middle)

15 W. SIXTH STREET, SUITE 900
3. Date of Earliest Transaction (MM/DD/YYYY)

10/1/2019
(Street)

TULSA, OK 74119
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  10/1/2019    J    608730 (1) D $0  907102  D   
Common Stock                 451340  I  By Lariat Ranch LLC (2)
Common Stock                 90037  I  By Foutch Family Trust A (2)
Common Stock                 90037  I  By Foutch Family Trust B (2)
Common Stock                 90037  I  By Foutch Family Trust C (2)
Common Stock                 90037  I  By Foutch Family Trust D (2)
Common Stock                 500  I  By Daughter (2)
Common Stock                 46838  I  Jeanine Marie Foutch Revocable Trust (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units   (3) 10/1/2019    J        348493   2/28/2022   (3) Common Stock  348493.0  $0  0  D   
Performance Units   (3) 10/1/2019    J        348213   2/16/2021   (3) Common Stock  348213.0  $0  0  D   
Performance Units   (3) 10/1/2019    J        158434   2/17/2020   (3) Common Stock  158434.0  $0  0  D   
Stock Option (Right to buy)  $14.12                  2/17/2018  12/30/2019 (4) Common Stock  59913.0    59913  D   
Stock Option (Right to buy)  $14.12                   (5) 10/1/2019 (5) Common Stock  59913.0    0  D   
Stock Option (Right to buy)  $4.1                  2/19/2017  12/30/2019 (4) Common Stock  232583.0    232583  D   
Stock Option (Right to buy)  $4.1                   (5) 10/1/2019 (5) Common Stock  77528.0    0  D   
Stock Option (Right to buy)  $11.93                  2/27/2016  12/30/2019 (4) Common Stock  167904.0    167904  D   
Stock Option (Right to buy)  $25.6                  2/27/2015  12/30/2019 (4) Common Stock  96040.0    96040  D   
Stock Option (Right to buy)  $17.34                  2/15/2014  12/30/2019 (4) Common Stock  128709.0    128709  D   
Stock Option (Right to buy)  $24.11                  2/3/2013  12/30/2019 (4) Common Stock  62868.0    62868  D   

Explanation of Responses:
(1)  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.
(2)  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.
(3)  These performance share units are forfeited under the Issuer's Omnibus Equity Incentive Plan upon Mr. Foutch's transition from Chief Executive Officer.
(4)  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.
(5)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Foutch Randy A
15 W. SIXTH STREET, SUITE 900
TULSA, OK 74119
X

Non-Executive Chairman

Signatures
/s/ Mark Denny, as attorney-in-fact for Randy A. Foutch 10/2/2019
**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 4(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 control number.

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