4//SEC Filing
Park Place Energy Corp. 4
Accession 0001432453-15-000001
CIK 0001310982operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 12:39 PM ET
Size
12.5 KB
Accession
0001432453-15-000001
Insider Transaction Report
Form 4
Larsen Scott C
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Units
2014-12-31+88,235→ 203,571 total→ Common Shares (88,235 underlying)
Holdings
- 200,000(indirect: Larsen Energy Consulting Inc.)
Common Shares
- 115,336
Restricted Stock Units
→ Common Shares (115,336 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
Warrants
Exercise: $0.20From: 2013-08-30Exp: 2016-08-29→ Common Shares (500,000 underlying) - 400,000
Stock Options
Exercise: $0.23From: 2013-11-01Exp: 2016-10-31→ Common Shares (400,000 underlying) - 500,000
Common Shares
Footnotes (3)
- [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, 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 (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 Corp.
CIK 0001310982
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001310982
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 12:39 PM ET
- Size
- 12.5 KB