4//SEC Filing
Eco-Stim Energy Solutions, Inc. 4
Accession 0001493152-15-001387
CIK 0001135657operating
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 5:15 PM ET
Size
8.8 KB
Accession
0001493152-15-001387
Insider Transaction Report
Form 4
Chan Lap Wai
Director
Transactions
- Purchase
Common Stock
2015-02-19$5.75/sh+173,911$999,988→ 1,507,244 total(indirect: See footnotes 1 and 3) - Other
Convertible Notes
2014-10-28(indirect: See footnotes 2 and 3)Exercise: $6.00From: 2014-10-28Exp: 2018-05-28→ Common Stock (1,689,351 underlying)
Footnotes (3)
- [F1]On 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").
- [F2]The 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.
- [F3]The Reporting Person is a senior 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.
Documents
Issuer
Eco-Stim Energy Solutions, Inc.
CIK 0001135657
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001135657
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 5:15 PM ET
- Size
- 8.8 KB