0001062993-16-011684.txt : 20161011
0001062993-16-011684.hdr.sgml : 20161011
20161011135815
ACCESSION NUMBER: 0001062993-16-011684
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160930
FILED AS OF DATE: 20161011
DATE AS OF CHANGE: 20161011
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: Larsen Scott C
CENTRAL INDEX KEY: 0001437038
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-55539
FILM NUMBER: 161930737
MAIL ADDRESS:
STREET 1: 5910 N. CENTRAL EXPRESSWAY
STREET 2: SUITE 1755
CITY: DALLAS
STATE: TX
ZIP: 75206
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2016-09-30
0001648636
Park Place Energy Inc.
PKPL
0001437038
Larsen Scott C
2200 ROSS AVE.
SUITE 4500E
DALLAS
TX
75201
1
1
0
0
President and CEO
Common Shares
500000
D
Common Shares
200000
I
Larsen Energy Consulting Inc.
Stock Options
0.23
2013-11-01
2016-10-31
Common Shares
400000
400000
D
Warrants
0.20
2013-08-30
2016-08-29
Common Shares
500000
500000
D
Stock Options
0.10
2013-05-01
2018-04-30
Common Shares
600000
600000
I
Larsen Energy Consulting Inc.
Restricted Stock Units
Common Shares
451475
451475
D
Restricted Stock Units
Common Shares
187500
250000
D
Restricted Stock Units
2016-09-30
4
A
0
60000
A
Common Shares
60000
310000
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 April 20, 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.
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, 2017 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.
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.
Attorney-in-Fact
2016-10-11