4//SEC Filing
Park Place Energy Inc. 4
Accession 0001062993-16-006894
$TRLEFCIK 0001648636operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 12:58 PM ET
Size
14.2 KB
Accession
0001062993-16-006894
Insider Transaction Report
Form 4
Larsen Scott C
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units
2015-12-31+150,000→ 451,475 total→ Common Shares (150,000 underlying)
Holdings
- 400,000
Stock Options
Exercise: $0.23From: 2013-11-01Exp: 2016-10-31→ Common Shares (400,000 underlying) - 500,000
Warrants
Exercise: $0.20From: 2013-08-30Exp: 2016-08-29→ Common Shares (500,000 underlying) - 600,000(indirect: Larsen Energy Consulting Inc.)
Stock Options
Exercise: $0.10From: 2013-05-01Exp: 2018-04-30→ Common Shares (600,000 underlying) - 500,000
Common Shares
- 200,000(indirect: Larsen Energy Consulting Inc.)
Common Shares
- 203,571
Restricted Stock Units
→ Common Shares (203,571 underlying) - 301,475
Restricted Stock Units
→ Common Shares (301,475 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit is a notional share of common shares of the Issuer, with a value of each Unit being equal to the Fair Market value of a share of common stock at any time.
- [F2](2) 100% of the total Restricted Stock Units shall vest on December 1, 2016 (pursuant to Amendment dated November 15, 2015) provided Mr. Larsen is still a contractor providing services to the Issuer on that date. Vesting will be accelerated if the Issuer either (a) raises an aggregate of $10 million through the sale of the Issuer's equity, or (b) becomes entitled to realize economic benefits of at least $20 million through any combination of capital raising or financing transactions.
- [F3]Upon the occurrence of 2(a) or (b) above, or a change of control, termination of service due to death, disability or termination of service, all unvested Restricted Stock Units shall immediately become vested.
- [F4]100% of the total Restricted Stock Units shall vest on December 1, 2016 provided Mr. Larsen is still a contractor providing services to the Issuer on that date. Vesting will be accelerated if the Issuer either (a) raises an aggregate of $10 million through the sale of the Issuer's equity, or (b) becomes entitled to realize economic benefits of at least $20 million through any combination of capital raising or financing transactions.
- [F5]Upon the occurrence of 4(a) or (b) above, or a change of control, termination of service due to death, disability or termination of service, all unvested Restricted Stock Units shall immediately become vested.
Issuer
Park Place Energy Inc.
CIK 0001648636
Entity typeoperating
IncorporatedBritish Columbia, Canada
Related Parties
1- filerCIK 0001648636
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 12:58 PM ET
- Size
- 14.2 KB