Vital Energy, Inc. — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Laredo Petroleum, Inc. (LPI)
CIK: 0001528129
Period of Report: 2017-02-17

Reporting Person: Schooley Daniel C (Senior V.P. Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Common Stock	A	21352	$14.12	Acquired	154266	Direct
2017-02-17	Common Stock	F	5195	—	Disposed	149071	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-17	Stock Option (Right to buy)	$14.12	A	32298	Acquired	2027-02-17	Common Stock (32298.0)	Direct
2017-02-17	Performance Units	$	A	42705	Acquired		Common Stock (42705.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to buy)	$4.1	2026-02-19	Common Stock (73098.0)	73098	Direct
Performance Units	$		Common Stock (91650.0)	91650	Direct
Stock Option (Right to buy)	$11.93	2025-02-27	Common Stock (39577.0)	39577	Direct
Performance Units	$		Common Stock (37752.0)	37752	Direct
Stock Option (Right to buy)	$25.6	2024-02-27	Common Stock (22638.0)	22638	Direct
Performance Units	$		Common Stock (18296.0)	18296	Direct
Stock Option (Right to buy)	$17.34	2023-02-15	Common Stock (12050.0)	12050	Direct
Stock Option (Right to buy)	$24.11	2022-02-03	Common Stock (6975.0)	6975	Direct

Footnotes

F1: These restricted shares are granted under the Issuer's Omnibus Equity Incentive Plan and will vest in three equal annual installments beginning on the first anniversary date of the grant.

F2: Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Persons 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.

F3: This stock option is 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.

F4: 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.

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, 2018. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.

F6: 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, 2017. The final number of shares of common stock granted can range from 0% to 200% of the performance share units.

F7: These performance share units are granted under the Issuer's 2011 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, 2016. The final number of shares of common stock granted can range from 0% to 200% of the performance share units. As their performance criteria were satisfied, 75% of the shares will be issued during the first quarter of 2017 if the February 27, 2017 vesting criteria is satisfied.