William Bradley Southern - Feb 10, 2022 Form 4 Insider Report for LOUISIANA-PACIFIC CORP (LPX)

Role: Chief Executive Officer, Director
Signature: /s/ Nicole Daniel, Attorney-in-Fact
Stock symbol: LPX
Transactions as of: Feb 10, 2022
Transactions value $: $3,633,828
Form type: 4
Date filed: 2/14/2022, 05:17 PM
Previous filing: Feb 8, 2022
Next filing: Feb 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LPX	Common Stock	Options Exercise	$3.02M	+44.5K	+10.38%	$67.89	474K	Feb 10, 2022	Direct	F1
transaction	LPX	Common Stock	Tax liability	-$1.19M	-17.5K	-3.7%	$67.89	456K	Feb 10, 2022	Direct
transaction	LPX	Common Stock	Award	$1.8M	+26.2K	+5.75%	$68.61	482K	Feb 10, 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LPX	Performance Stock Unit	Award	$0	+39.4K		$0.00	39.4K	Feb 10, 2022	Common Stock	39.4K	$0.00	Direct	F3
transaction	LPX	Performance Stock Units	Options Exercise	$0	-44.5K	-100%	$0.00^*	0	Feb 10, 2022	Common Stock	44.5K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	2019 Performance Unit vested at 120% payout including accumulated dividend on performance shares.
F2	Consists of Restricted Stock Units granted pursuant to Louisiana Pacific Corporation 2013 Omnibus plan. Shares vest 1/3 annually on each anniversary of the date of grant.
F3	Each performance share converts into the number of shares of Common Stock by applying a payout factor to the target number of shares vesting on a given date. The payout factor can be from 0 to 200% depending on performance realized.