Alan Haughie - 10 Feb 2022 Form 4 Insider Report for LOUISIANA-PACIFIC CORP (LPX)

Role: EVP, CFO
Signature: /s/Nicole Daniel, Attorney-in-Fact
Issuer symbol: LPX
Transactions as of: 10 Feb 2022
Net transactions value: +$943,958
Form type: 4
Filing time: 14 Feb 2022, 17:17:16 UTC
Previous filing: 08 Feb 2022
Next filing: 15 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LPX	Common Stockj	Options Exercise	$711,351	+10,478	+22%	$67.89	58,959	10 Feb 2022	Direct	F1
transaction	LPX	Common Stock	Tax liability	$279,910	-4,123	-7%	$67.89	54,836	10 Feb 2022	Direct
transaction	LPX	Common Stock	Award	$512,517	+7,470	+14%	$68.61	62,306	10 Feb 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	+7,470		$0.000000	7,470	10 Feb 2022	Common Stock	7,470	$0.000000	Direct	F3
transaction	LPX	Performance Stock Unit	Options Exercise	$0	-10,478	-100%	$0.000000^*	0	10 Feb 2022	Common Stock	10,478	$0.000000	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.