Stewart Brian R 4
4 · Eco-Stim Energy Solutions, Inc. · Filed May 1, 2018
Insider Transaction Report
Form 4
Stewart Brian R
Director
Transactions
- Award
Common Stock
2018-04-30+150,000→ 517,568 total
Footnotes (1)
- [F1]Filer 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.