Filing Details

Accession Number:
0001493152-15-001387
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-04-13 17:15:23
Reporting Period:
2014-10-28
Filing Date:
2015-04-13
Accepted Time:
2015-04-13 17:15:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1135657 Eco-Stim Energy Solutions Inc. ESES Oil & Gas Field Services, Nec (1389) 208203420
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1290839 Wai Lap Chan C/O Albright Capital Management Llc
1101 New York Avenue, Nw
Washington DC 20005
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2015-02-19 173,911 $5.75 1,507,244 No 4 P Indirect See footnotes 1 and 3
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes 1 and 3
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Convertible Notes Acquisiton 2014-10-28 0 $0.00 1,689,351 $6.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2014-10-28 2018-05-28 No 4 J Indirect
Footnotes
  1. On February 19, 2015, ACM Emerging Markets Master Funds I, L.P. (the "Fund") purchased 173,911 shares of Common Stock at a price of $5.75 per share in an underwritten public offering by Eco-Stim Energy Solutions, Inc. (the "Issuer").
  2. The Issuer previously issued to the Fund a multiple draw secured promissory note (the "Convertible Note") with a maximum aggregate principal amount of $22,000,000, convertible into Common Stock at a price of $6 per share. On October 28, 2014, the Issuer drew $10,136,115, the remainder of the Convertible Note, convertible into 1,689,351 shares of Common Stock at the option of the Fund, for a total balance of $22,000,000, such total balance convertible into 3,666,666 shares of Common Stock at the option of the Fund.
  3. The Reporting Person is a senior director of Albright Capital Management LLC (the "GP"), the general partner of the Fund, and accordingly may have an indirect pecuniary interest in the securities of the Issuer beneficially owned by the Fund. Such indirect pecuniary interest cannot be calculated through a proportionate allocation of securities of the Issuer. Therefore, the entire amount of the Fund's interest is being reported. The Reporting Person disclaims beneficial ownership of the securities of the Issuer held by the Fund, except to the extent of his pecuniary interest therein.