SEC Form 4 · accession 0001493152-15-001385

Eco-Stim Energy Solutions, Inc. · ESES

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Oct 28, 2014

Accepted (ET)

Apr 13, 2015 · 5:13 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001135657

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F3	Feb 19, 2015	P	173,911	$5.75	A	1,507,244	I	See footnotes 1 and 3

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Notes^F2,F3	$6.00	Oct 28, 2014	J	—	A	Oct 28, 2014	May 28, 2018	Common Stock	1,689,351	—	I

F1On 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").
F2The 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.
F3The Reporting Person is a managing 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.