Hedge Unwind 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): February 14, 2014
 
LAREDO PETROLEUM, INC.
(Exact Name of Registrant as Specified in Charter)
 
Delaware
 
001-35380
 
45-3007926
(State or Other Jurisdiction of Incorporation or
Organization)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
15 W. Sixth Street, Suite 1800, Tulsa, Oklahoma
 
74119
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (918) 513-4570
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 8.01. Other Events.
Laredo Petroleum, Inc. ("Laredo") and J.P. Morgan Ventures Energy Corporation ("JPMVEC") and JPMorgan Chase Bank, National Association ("JPM Chase" and together with JPMVEC, "JPM") have terminated the Crude Oil Purchase and Sale Agreement dated August 15, 2013 by and between JPMVEC and Laredo (the "Crude Agreement") and the Commodity Swap Agreement dated August 15, 2013 by and between JPM Chase and Laredo (the "Swap Agreement"). In connection with the termination of the Crude Agreement and the Swap Agreement, JPM will pay Laredo approximately $76.7 million on or before February 20, 2014. Laredo and JPM agreed to terminate the Crude Agreement and the Swap Agreement due to JPM's previously announced decision to exit the physical commodity trading business.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Item 8.01 of this Current Report on Form 8-K is deemed to be “furnished” and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
LAREDO PETROLEUM, INC.
 
 
 
 
Date: February 14, 2014
By:
/s/ Kenneth E. Dornblaser
 
 
Kenneth E. Dornblaser
 
 
Senior Vice President and General Counsel