Sec Form 4 Filing - Foutch Randy A @ Laredo Petroleum, Inc. - 2019-10-01

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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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/YY)
10/01/2019
(Street)
TULSA, OK74119
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 10/01/2019 J 608,730 ( 1 ) D $ 0 907,102 D
Common Stock 451,340 I By Lariat Ranch LLC ( 2 )
Common Stock 90,037 I By Foutch Family Trust A ( 2 )
Common Stock 90,037 I By Foutch Family Trust B ( 2 )
Common Stock 90,037 I By Foutch Family Trust C ( 2 )
Common Stock 90,037 I By Foutch Family Trust D ( 2 )
Common Stock 500 I By Daughter ( 2 )
Common Stock 46,838 I Jeanine Marie Foutch Revocable Trust ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 ) 10/01/2019 J 348,493 02/28/2022 ( 3 ) Common Stock 348,493 $ 0 0 D
Performance Units ( 3 ) 10/01/2019 J 348,213 02/16/2021 ( 3 ) Common Stock 348,213 $ 0 0 D
Performance Units ( 3 ) 10/01/2019 J 158,434 02/17/2020 ( 3 ) Common Stock 158,434 $ 0 0 D
Stock Option (Right to buy) $ 14.12 02/17/2018 12/30/2019( 4 ) Common Stock 59,913 59,913 D
Stock Option (Right to buy) $ 14.12 ( 5 ) 10/01/2019( 5 ) Common Stock 59,913 0 D
Stock Option (Right to buy) $ 4.1 02/19/2017 12/30/2019( 4 ) Common Stock 232,583 232,583 D
Stock Option (Right to buy) $ 4.1 ( 5 ) 10/01/2019( 5 ) Common Stock 77,528 0 D
Stock Option (Right to buy) $ 11.93 02/27/2016 12/30/2019( 4 ) Common Stock 167,904 167,904 D
Stock Option (Right to buy) $ 25.6 02/27/2015 12/30/2019( 4 ) Common Stock 96,040 96,040 D
Stock Option (Right to buy) $ 17.34 02/15/2014 12/30/2019( 4 ) Common Stock 128,709 128,709 D
Stock Option (Right to buy) $ 24.11 02/03/2013 12/30/2019( 4 ) Common Stock 62,868 62,868 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Foutch Randy A
15 W. SIXTH STREET, SUITE 900
TULSA, OK74119
X Non-Executive Chairman
Signatures
/s/ Mark Denny, as attorney-in-fact for Randy A. Foutch 10/02/2019
Signature of Reporting Person Date
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.

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