SEC Form 4 · accession 0001493152-17-003457
Park Place Energy Inc. · PKPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Michael Thompson
Director
Period of report
Apr 1, 2017
Accepted (ET)
Apr 4, 2017 · 2:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001648636
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | holding | — | — | — | 350,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6,F7 | — | Apr 1, 2017 | A | 25,000 | A | — | — | Common Shares | 25,000 | 25,000 | D |
| WarrantsF2,F4 | $0.20 | holding | — | — | — | Aug 27, 2013 | Aug 27, 2017 | Common Shares | 125,000 | 125,000 | D |
| WarrantsF3,F4 | $0.20 | holding | — | — | — | Aug 27, 2013 | Aug 27, 2018 | Common Shares | 125,000 | 250,000 | D |
| Stock Options | $0.14 | holding | — | — | — | Apr 1, 2015 | Mar 31, 2018 | Common Shares | 50,000 | 50,000 | D |
| Stock Options | $0.10 | holding | — | — | — | Jan 22, 2016 | Jan 21, 2019 | Common Shares | 50,000 | 100,000 | D |
| Stock Options | $0.18 | holding | — | — | — | Mar 27, 2017 | Mar 26, 2021 | Common Shares | 100,000 | 200,000 | D |
Explanation of responses
- F1100,000 shares of these securities are owned by Mr. Thompson and his spouse jointly.
- F2The expiration date of these warrants was extended to August 23, 2017 pursuant to Amendment dated August 3, 2016.
- F3The expiration date of these warrants was extended from August 23, 2017 to August 23, 2018 pursuant to Amendment dated March 27, 2017.
- F4All 250,000 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.
- F5Each 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.
- F6100% of the total Restricted Stock Units shall vest on October 1, 2017 provided Mr. Thompson is still a director of the Issuer on that date.
- F7Upon the occurrence of a change of control, termination of service due to death, disability or termination of service, all unvested Restricted Stock Units shall immediately become vested.