SEC Form 4 · accession 0001493152-17-002341
Eco-Stim Energy Solutions, Inc. · ESES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lap Wai Chan
Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 10, 2017 · 5:30 pm EST
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 StockF1 | Mar 3, 2017 | J | 2,030,436 | $0.99 | D | 0 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible NotesF1,F2 | $6.00 | Mar 3, 2017 | J | — | D | Oct 28, 2014 | May 28, 2018 | Common Stock | 3,666,666 | 0 | I |
Explanation of responses
- F1On March 3, 2017, ACM Emerging Markets Master Fund I, L.P. (the "Fund") sold 2,030,436 shares of common stock of Eco-Stim Energy Solutions, Inc. (the "Issuer") for an aggregate purchase price of $2,038,045.25 and $22,000,000 aggregate principal amount of convertible secured notes of the Issuer for an aggregate purchase price of $24,354,301.37 in a private transaction with an unaffiliated third party. Albright Capital Management, LLC (the "GP") is the general partner of the Fund, and may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect interest in the Fund. Pursuant to Rule 16a-1(a)(4) under the Securities Act of 1934, as amended (the "Exchange Act"). This filing shall not be deemed an admission that the GP is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities in excess of its pecuniary interests, if any.
- F2Due to a 1000 character limit, Footnote 2 is a continuation of Footnote 1: The Reporting Person is a managing director of the GP 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.