4//SEC Filing
Park Place Energy Inc. 4
Accession 0001432453-16-000118
$TRLEFCIK 0001648636operating
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 1:20 PM ET
Size
14.4 KB
Accession
0001432453-16-000118
Insider Transaction Report
Form 4
Larsen Scott C
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units
2016-06-30+62,500→ 250,000 total→ Common Shares (62,500 underlying)
Holdings
- 400,000
Stock Options
Exercise: $0.23From: 2013-11-01Exp: 2016-10-31→ Common Shares (400,000 underlying) - 200,000(indirect: Larsen Energy Consulting Inc.)
Common Shares
- 451,475
Restricted Stock Units
→ Common Shares (451,475 underlying) - 500,000
Warrants
Exercise: $0.20From: 2013-08-30Exp: 2016-08-29→ Common Shares (500,000 underlying) - 187,500
Restricted Stock Units
→ Common Shares (187,500 underlying) - 500,000
Common Shares
- 600,000(indirect: Larsen Energy Consulting Inc.)
Stock Options
Exercise: $0.10From: 2013-05-01Exp: 2018-04-30→ Common Shares (600,000 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]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.
Documents
Issuer
Park Place Energy Inc.
CIK 0001648636
Entity typeoperating
IncorporatedBritish Columbia, Canada
Related Parties
1- filerCIK 0001648636
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 1:20 PM ET
- Size
- 14.4 KB