SEC Form 4 · accession 0001493152-17-014735
Eco-Stim Energy Solutions, Inc. · ESES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian R Stewart
Director
Period of report
Dec 18, 2017
Accepted (ET)
Dec 18, 2017 · 8:12 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 | Dec 18, 2017 | A | 300,000 | — | A | 367,568 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Filer received a phantom stock award of 300,000 shares on December 18, 2017 under the 2015 Stock Incentive Plan, as amended, which vests as to (i) one-third if the closing price of Eco-Stim Energy Solutions, Inc.'s common stock ("Common Stock") equals or exceeds $2.00 per share for twenty consecutive trading days during the one-year period ending on December 18, 2018 (the "Performance Period"); (ii) one-third if the closing price of the Common Stock equals or exceeds $2.50 per share for twenty consecutive trading days during the Performance Period; and (iii) one-third if the closing price of the Common Stock equals or exceeds $3.00 per share for twenty consecutive trading days during the Performance Period; and, with respect to each of (i), (ii) and (iii), Filer continuously serves as Chairman through the last day of the Performance Period. Each phantom stock entitles the holder to receive one share of Common Stock at the time of vesting.