SEC Form 4 · accession 0001537028-18-000017

Independence Contract Drilling, Inc. · ICD

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

Reporting owner

Officer — VP Finance & CAO

Period of report

Feb 8, 2018

Accepted (ET)

Feb 12, 2018 · 12:46 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	4,893	$0.00	A	33,283	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Feb 8, 2018	M	4,893	D	—	—	Common Stock	4,893	15,976	D
Restricted Stock Units^F1,F2	—	Feb 8, 2018	F	2,063	D	—	—	Common Stock	2,063	13,913	D
Restricted Stock Units^F3	—	Feb 8, 2018	A	18,700	A	—	—	Common Stock	18,700	37,400	D

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, 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.