SEC Form 4 · accession 0000899243-16-024273

Independence Contract Drilling, Inc. · ICD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Other

Period of report

Jun 30, 2016

Accepted (ET)

Jul 5, 2016 · 3:42 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001537028

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Jun 30, 2016	A	19,127	$0.00	A	151,470	D
Common Stock	Jun 30, 2016	A	17,533	$0.00	A	169,003	D
Common Stock	Jun 30, 2016	A	1,494	$0.00	A	170,497	D
Common Stock^F1	Jun 30, 2016	M	13,333	—	A	183,830	D
Common Stock	Jun 30, 2016	F	33,748	$5.43	D	150,082	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Jun 30, 2016	D	106,667	D	—	—	Common Stock	106,667	13,333	D
Restricted Stock Units^F1,F2	—	Jun 30, 2016	M	13,333	D	—	—	Common Stock	13,333	0	D
Employee Stock Option (Right to Buy)	$12.74	holding	—	—	—	Jun 30, 2016	Feb 1, 2023	Common Stock	119,320	119,320	D

F1Each restricted stock unit ("RSU") represents a contintent right to receive one share of ICD's common stock ("Common Stock") and converts into a share of Common Stock on a one-for-one basis.
F2As previously reported, on February 22, 2016 (the "Grant Date"), the reporting person was granted 120,000 RSUs subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of the Grant Date, 1/3 on the second anniversary of the of the Grant Date and 1/3 on the third anniversary of the Grant Date. In connection with the reporting person's retirement, a pro rata portion of the RSUs vested on June 30, 2016.

Former Director, President and Chief Operating Officer