0001493152-17-003455.txt : 20170404
0001493152-17-003455.hdr.sgml : 20170404
20170404141828
ACCESSION NUMBER: 0001493152-17-003455
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170331
FILED AS OF DATE: 20170404
DATE AS OF CHANGE: 20170404
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: 17737457
MAIL ADDRESS:
STREET 1: 5910 N. CENTRAL EXPRESSWAY
STREET 2: SUITE 1755
CITY: DALLAS
STATE: TX
ZIP: 75206
4
1
form4.xml
X0306
4
2017-03-31
0
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
703571
D
Common Shares
200000
I
Larsen Energy Consulting Inc.
Warrants
0.20
2013-08-27
2017-08-27
Common Shares
250000
250000
D
Warrants
0.20
2013-08-27
2018-08-27
Common Shares
250000
500000
D
Stock Options
0.10
2013-05-01
2018-04-30
Common Shares
600000
600000
I
Larsen Energy Consulting Inc.
Stock Options
0.18
2017-03-27
2021-03-26
Common Shares
400000
400000
D
Restricted Stock Units [2015]
Common Shares
451475
451475
D
Restricted Stock Units [2016]
Common Shares
363571
363571
D
Restricted Stock Units [2017]
2017-03-31
4
A
0
78947
A
Common Shares
78947
78947
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, 2017 (pursuant to Amendment dated February 23, 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 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.
The expiration date of these warrants was extended to August 23, 2017 pursuant to Amendment dated August 3, 2016.
The expiration date of these warrants was extended from August 23, 2017 to August 23, 2018 pursuant to Amendment dated March 27, 2017.
All 500,000 warrants described in this table were originally issued at the same time, but they have been divided into two groups in this table to reflect the differing expiration dates.
100% of the total Restricted Stock Units shall vest on March 31, 2018 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 9(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 as attorney-in-fact.
2017-04-04