Kartoon Studios, Inc. — Director's Dealing 2011

Jul 5, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PACIFIC ENTERTAINMENT CORP (PENT)
CIK: 0001355848
Period of Report: 2011-07-05

Reporting Person: BALABAN HOWARD (Director, Exec. VP Business Development, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, no par value	8674883	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Qualified Stock Option	$.40	2014-01-20	Common Stock (2000000)		Direct
Non-Qualified Stock Option	$.44	2021-04-01	Common Stock (250000)		Direct
Non-Qualified Stock Option	$.44	2021-04-01	Common Stock (250000)		Direct
Non-Qualified Stock Option	$.44	2021-04-01	Common Stock (250000)		Direct
Non-Qualified Stock Option	$.44	2021-04-01	Common Stock (250000)		Direct

Footnotes

F1: On April 1, 2011, the Issuer awarded Mr. Balaban an option to purchase up to 1,000,000 shares of its no par value common stock. The option vests as to 250,000 shares on each of the grant date and the first through third anniversaries of the grant date.