SEC Form 4 · accession 0001493152-18-006079
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
Apr 30, 2018
Accepted (ET)
May 1, 2018 · 4:30 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 StockF1 | Apr 30, 2018 | A | 150,000 | — | A | 517,568 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Filer received a phantom stock award of 150,000 shares on April 30, 2018 under the 2015 Stock Incentive Plan, as amended, which vests as to 100% of the shares if both (a) the closing price of Eco-Stim Energy Solutions, Inc.'s (the "Company") common stock, par value $0.001 (the "Common Stock"), equals or exceeds $2.00 per share for twenty consecutive trading days during the one-year period ending on April 30, 2019 (the "Performance Period"); and (b) Filer has served continuously as the chairman (the "Chairman") of the Board of Directors of the Company through at least 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.