SEC Form 4 · accession 0001493152-17-003459
Park Place Energy Inc. · PKPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur Halleran
Director
Period of report
Apr 1, 2017
Accepted (ET)
Apr 4, 2017 · 2:26 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 Shares | holding | — | — | — | 300,000 | 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 UnitsF1,F2,F3 | — | Apr 1, 2017 | A | 25,000 | A | — | — | Common Shares | 25,000 | 25,000 | 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
- F1Each 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.
- F2100% of the total Restricted Stock Units shall vest on October 1, 2017 provided Mr. Halleran is still a director of the Issuer on that date.
- F3Upon 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.