SEC Form 4 · accession 0001537028-17-000071

Independence Contract Drilling, Inc. · ICD

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

Reporting owner

Officer — SVP - HR & Administration

Period of report

Mar 31, 2017

Accepted (ET)

Apr 4, 2017 · 2:20 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	Mar 31, 2017	M	6,996	$0.00	A	74,611	D
Common Stock	Mar 31, 2017	A	12,776	$0.00	A	87,387	D
Common Stock	Mar 31, 2017	F	4,367	$0.00	D	83,020	D
Common Stock	Mar 31, 2017	D	3,193	$0.00	D	79,827	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F4	—	Mar 31, 2017	M	6,996	D	—	—	Common Stock	6,996	19,671	D
Restricted Stock Units^F3,F4	—	Mar 31, 2017	D	17,037	D	—	—	Common Stock	17,037	2,634	D
Restricted Stock Units^F3,F4	—	Mar 31, 2017	F	2,634	D	—	—	Common Stock	2,634	0	D

F1Shares acquired upon vesting of non-derivative performance awards
F2Shares of restricted stock forfeited in accordance with terms of the award agreement
F3Each restricted stock unit represents a contintent right to receive one share of ICD's common stock.
F4The reporting person received a restricted stock unit subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant. ICD will settled vested RSUIs within 30 days of the date that such RSU's vest.
F5Restricted stock units forfeited in accordance with terms of grant