Sec Form 4 Filing - ACM Emerging Markets Master Fund I L.P. @ Eco-Stim Energy Solutions, Inc. - 2017-03-03

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person ACM Emerging Markets Master Fund I L.P. 2. Issuer Name and Ticker or Trading Symbol Eco-Stim Energy Solutions, Inc. [ ESES] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ALBRIGHT CAPITAL MANAGEMENT, LLC, 601 THIRTEENTH ST SUITE 1000 SOUTH 3. Date of Earliest Transaction (MM/DD/YY) 03/03/2017 (Street) WASHINGTON, DC20005 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/03/2017 J( 1 ) 2,030,436 D $ 0.99 0 D ( 1 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Convertible Notes $ 6 03/03/2017 J( 1 ) 10/28/2014 05/28/2018 Common Stock 3,666,666 $ 22,000,000 0 D ( 1 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ACM Emerging Markets Master Fund I L.P. C/O ALBRIGHT CAPITAL MANAGEMENT, LLC 601 THIRTEENTH ST SUITE 1000 SOUTH WASHINGTON, DC20005 X Albright Capital Management, LLC C/O ALBRIGHT CAPITAL MANAGEMENT, LLC 601 THIRTEENTH ST SUITE 1000 SOUTH WASHINGTON, DC20005 X Signatures /s/ Nelson Oliviera 03/07/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On March 3, 2017, ACM Emerging Markets Master Fund I, L.P. (the "Fund") sold 2,030,436 shares of common stock of Eco-Stim Energy Solutions, Inc. (the "Issuer") for an aggregate purchase price of $2,038,045.25 and $22,000,000 aggregate principal amount of convertible secured notes of the Issuer for an aggregate purchase price of $24,354,301.37 in a private transaction with an unaffiliated third party. Albright Capital Management, LLC (the "GP"), as general partner of the Fund, may be deemed to beneficially own the securities reported herein to the extent of its direct or indirect interest in the Fund. Pursuant to Rule 16a-1(a)(4) under the Securities Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the GP is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities in excess of its pecuniary interests, if any.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.