Schooley Daniel C 4
4 · Laredo Petroleum, Inc. · Filed Feb 20, 2019
Insider Transaction Report
Form 4
Schooley Daniel C
Senior V.P. Midstream & Mktg
Transactions
- Tax Payment
Common Stock
2019-02-19$3.76/sh−4,613$17,345→ 271,489 total - Exercise/Conversion
Performance Units
2019-02-19+0→ 0 totalFrom: 2019-02-19→ Common Stock (0 underlying) - Tax Payment
Common Stock
2019-02-15$3.86/sh−23,528$90,818→ 276,102 total - Exercise/Conversion
Common Stock
2019-02-19+0→ 271,489 total
Holdings
- 42,705
Performance Units
From: 2020-02-17→ Common Stock (42,705 underlying) - 130,616
Performance Units
From: 2021-02-16→ Common Stock (130,616 underlying) - 32,298
Stock Option (Right to buy)
Exercise: $14.12From: 2018-02-17Exp: 2027-02-17→ Common Stock (32,298 underlying) - 39,577
Stock Option (Right to buy)
Exercise: $11.93From: 2016-02-27Exp: 2025-02-27→ Common Stock (39,577 underlying) - 22,638
Stock Option (Right to buy)
Exercise: $25.60From: 2015-02-27Exp: 2024-02-27→ Common Stock (22,638 underlying) - 12,050
Stock Option (Right to buy)
Exercise: $17.34From: 2014-02-15Exp: 2023-02-15→ Common Stock (12,050 underlying) - 6,975
Stock Option (Right to buy)
Exercise: $24.11From: 2013-02-03Exp: 2022-02-03→ Common Stock (6,975 underlying) - 73,098
Stock Option (Right to buy)
Exercise: $4.10From: 2017-02-19Exp: 2026-02-19→ Common Stock (73,098 underlying)
Footnotes (5)
- [F1]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.
- [F2]The performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 4 filed by the Issuer on May 27, 2016. Each performance unit represented a share of common stock. The performance units vested on February 19, 2019, 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, 2018. Based on the actual market criteria, 0% of the 91,650 performance units were issued, resulting in the issuance of 0 shares of common stock.
- [F3]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.
- [F4]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.
- [F5]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.