SEC Form 4 · accession 0001537028-18-000009
Independence Contract Drilling, Inc. · ICD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip A Choyce
Officer — EVP & CFO
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 12:40 pm EST
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 8, 2018 | M | 26,486 | $0.00 | A | 215,708 | D | |
| Common Stock | Feb 8, 2018 | D | 11,455 | $0.00 | D | 204,253 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 8, 2018 | M | 26,486 | D | — | — | Common Stock | 26,486 | 52,973 | D |
| Restricted Stock UnitsF3 | — | Feb 8, 2018 | A | 57,134 | A | — | — | Common Stock | 57,134 | 57,134 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of ICD's common stock
- F2The reporting person received a restricted stock unit on 2/8/17 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 settle vested RSU's within 30 days of the date that such RSU vests.
- F3The reporting person received a restricted stock unit on 2/8/18, subject to a three year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, vesting 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 settle vested RSU's within 30 days of the date that such RSU vests.