0001432453-16-000110.txt : 20160503
0001432453-16-000110.hdr.sgml : 20160503
20160503180338
ACCESSION NUMBER: 0001432453-16-000110
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160429
FILED AS OF DATE: 20160503
DATE AS OF CHANGE: 20160503
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Park Place Energy Inc.
CENTRAL INDEX KEY: 0001648636
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 474488552
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2200 ROSS AVE, SUITE 4500E
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: (214) 220-4340
MAIL ADDRESS:
STREET 1: 2200 ROSS AVE, SUITE 4500E
CITY: DALLAS
STATE: TX
ZIP: 75201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MUNCHINSKI FRANCIS M.
CENTRAL INDEX KEY: 0001591875
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-55539
FILM NUMBER: 161616829
MAIL ADDRESS:
STREET 1: 2200 ROSS AVE, SUITE 4500E
CITY: DALLAS
STATE: TX
ZIP: 75201
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2016-04-29
0
0001648636
Park Place Energy Inc.
PKPL
0001591875
MUNCHINSKI FRANCIS M.
2200 ROSS AVE, SUITE 4500E
DALLAS
TX
75201
0
1
0
0
Secretary & Treasurer
Common Shares
125000
D
Stock Options
0.23
2013-11-01
2016-10-31
Common Shares
50000
50000
D
Stock Options
0.2
2014-01-13
2017-01-12
Common Shares
100000
100000
D
Restricted Stock Units
Common Shares
224896
224896
D
Restricted Stock Units
Common Shares
218134
218134
D
Restricted Stock Units
Common Shares
168788
386922
D
Restricted Stock Units
2016-04-29
4
A
0
53438
A
Common Shares
53438
440360
D
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.
100% of the total Restricted Stock Units shall vest on December 1, 2016 (pursuant to Amendment dated November 15, 2015) provided Mr. Munchinski 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.
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.
100% of the total Restricted Stock Units shall vest on December 1, 2016 provided Mr. Munchinski 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.
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.
/s/ Francis M. Munchinski
2016-05-03