Hi
The value of the delay (in seconds) is
#define LPTMR_S_DELAY(s_delay) (s_delay * LPTMR_CLOCK) - 1)
whereby the value of LPTMR_CLOCK depends on where you configure it to be taken from; it can be 1000 (LPO), 32768Hz, 4Meg or 32kHz MCGIRCLK, external clock value or external clock value divided by a prescaler.
Regards
Mark
Kinetis for professionals: http://www.utasker.com/kinetis.html