Stewart Brian R 4
4 · Eco-Stim Energy Solutions, Inc. · Filed Dec 18, 2017
Insider Transaction Report
Form 4
Stewart Brian R
Director
Transactions
- Award
Common Stock
2017-12-18+300,000→ 367,568 total
Footnotes (1)
- [F1]Filer 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.