Sec Form 13D Filing - Warburg Pincus Private Equity X O&G L.P. filing for Vital Energy Inc. (VTLE) - 2020-12-04

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

Sole Voting Power

Shared Voting Power

0

Sole Dispositive Power

Shared Dispositive Power

0

SCHEDULE 13D

(Amendment No. 7)

This Amendment No. 7 (this “Amendment”) amends and supplements the Schedule 13D filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 24, 2020 (as amended and supplemented through the date of this Amendment, the “Schedule 13D”) and is being filed jointly on behalf of: (i) Warburg Pincus Private Equity X O&G, L.P., a Delaware limited partnership (“WP X O&G”), (ii) Warburg Pincus X Partners, L.P., a Delaware limited partnership (“WP X Partners”), (iii) Warburg Pincus X, L.P., a Delaware limited partnership (“WP X”), (iv) Warburg Pincus X GP L.P., a Delaware limited partnership (“WP X GP”), (v) WPP GP LLC, a Delaware limited liability company, (vi) Warburg Pincus Partners, L.P., a Delaware limited partnership (“WP Partners”), (vii) Warburg Pincus Partners GP LLC, a Delaware limited liability company (“WP Partners GP”), (viii) Warburg Pincus & Co., a New York general partnership (“WP&Co”), and (ix) Warburg Pincus LLC, a New York limited liability company (“WP LLC”). This Amendment relates to shares of common stock, par value $0.01 per share, of Laredo Petroleum, Inc. (the “Shares”). The name of the issuer is Laredo Petroleum, Inc., a Delaware corporation (f/k/a Laredo Petroleum Holdings, Inc.) (the “Issuer”). Unless otherwise indicated herein, each capitalized term used but not otherwise defined in this Amendment shall have the meaning ascribed to such term in the Schedule 13D. Except as specifically amended by this Amendment, the Schedule 13D is unchanged.

Item 5. Interest in Securities of the Issuer

Item 5 is hereby amended by replacing it in its entirety with the following:

The Warburg Pincus Reporting Persons listed below have the following beneficial ownership of Shares (percentages are based on 12,003,806 shares of common stock outstanding as of November 2, 2020, as reported on the Form 10-Q filed by the Issuer with the U.S. Securities and Exchange Commission on November 5, 2020):

(i) WP X O&G has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(ii) WP X Partners has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(iii)& #xA0;WP X, by virtue of its status as the general partner of WP X O&G and WP X Partners, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(iv) WP X GP, by virtue of its status as the general partner of WP X, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(v) WPP GP LLC, by virtue of its status as the general partner of WP IX GP and WP X GP, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(vi) WP Partners, by virtue of its status as the managing member of WPP GP LLC, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(vii) WP Partners GP, by virtue of its status as the general partner of WP Partners, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(viii) WP&Co, by virtue of its status as the managing member of WP Partners GP, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

(ix) WP LLC, by virtue of its status as manager of WP X O&G and WP X Partners, has shared dispositive and voting power over 0 Shares, representing 0% of the outstanding Shares of the Issuer.

As of November 30, 2020, as a result of the sale of Shares of the Issuer by WP X O&G and WP X Partners, the ownership of each of the Warburg Pincus Reporting Persons ceased to constitute beneficial ownership of any of the Shares. The filing of this Amendment No. 7 represents the final amendment to the Schedule 13D and constitutes an exit filing for each of the Warburg Pincus Reporting Persons.

Information with respect to each of the Warburg Pincus Reporting Persons is given solely by such Warburg Pincus Reporting Person, and no Warburg Pincus Reporting Person has responsibility for the accuracy or completeness of information supplied by another Warburg Pincus Reporting Person.

On November 24, 2020, WP X O&G sold 629,580 Shares in open market broker transactions pursuant to Rule 144 at a weighted average price of $11.5091 per Share. Such Shares were sold in multiple transactions at prices ranging from $11.33 to $12.60. Each of the Warburg Pincus Reporting Persons undertakes to provide, upon request, full information regarding the number of Shares sold at each separate price within such range.

On November 24, 2020, WP X Partners sold 20,150 Shares in open market broker transactions pursuant to Rule 144 at a weighted average price of $11.5091 per Share. Such Shares were sold in multiple transactions at prices ranging from $11.33 to $12.60. Each of the Warburg Pincus Reporting Persons undertakes to provide, upon request, full information regarding the number of Shares sold at each separate price within such range.

On November 25, 2020, WP X O&G sold 124,987 Shares in open market broker transactions pursuant to Rule 144 at a weighted average price of $12.0923 per Share. Such Shares were sold in multiple transactions at prices ranging from $11.40 to $12.44. Each of the Warburg Pincus Reporting Persons undertakes to provide, upon request, full information regarding the number of Shares sold at each separate price within such range.

On November 25, 2020, WP X Partners sold 3,998 Shares in open market broker transactions pursuant to Rule 144 at a weighted average price of $12.0923 per Share. Such Shares were sold in multiple transactions at prices ranging from $11.40 to $12.44. Each of the Warburg Pincus Reporting Persons undertakes to provide, upon request, full information regarding the number of Shares sold at each separate price within such range.

On November 30, 2020, WP X O&G sold 395,766 Shares in open market broker transactions pursuant to Rule 144 at a weighted average price of $12.0061 per Share. Such Shares were sold in multiple transactions at prices ranging from $11.90 to $12.22. Each of the Warburg Pincus Reporting Persons undertakes to provide, upon request, full information regarding the number of Shares sold at each separate price within such range.

On November 30, 2020, WP X Partners sold 12,986 Shares in open market broker transactions pursuant to Rule 144 at a weighted average price of $12.0061 per Share. Such Shares were sold in multiple transactions at prices ranging from $11.90 to $12.22. Each of the Warburg Pincus Reporting Persons undertakes to provide, upon request, full information regarding the number of Shares sold at each separate price within such range.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.