SEC Form 4 · accession 0000902664-18-001827
Eco-Stim Energy Solutions, Inc. · ESES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
FIR TREE CAPITAL MANAGEMENT LP
Director · 10% Owner · Other
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 7:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001135657
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred Stock ("Preferred Stock")F3,F1,F2 | — | Mar 29, 2018 | A | 10,000 | A | — | — | Common Stock, $0.001 par value per share ("Common Stock") | 8,695,652 | 10,000 | I |
Explanation of responses
- F1The initial conversion price of the Series A Preferred Stock equals $1.15 and is subject to adjustment for stock splits, combinations, certain distributions or similar events.
- F2The Preferred Stock is convertible at any time, at the holder's election, and has no expiration date. The Preferred Stock accrues dividends which may, under certain circumstances, be paid in shares of Common Stock.
- F3The securities to which this filing relates are held directly by certain private-pooled investment vehicles for which the Reporting Person serves as the investment manager (the "Funds"). The Reporting Person is the investment manager of the Funds, and has been granted investment discretion over portfolio investments, including the securities held by the Funds. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except as to such extent of the Reporting Person's pecuniary interest in the securities.
Remarks
Because Andrew Teno (an employee of the Reporting Person), Brian R. Stewart and Todd R. Snyder were each designated by the Reporting Person to the board of directors of the Issuer, the Reporting Person may be deemed to be a director by deputization.