SEC Form 4 · accession 0001537028-18-000023
Independence Contract Drilling, Inc. · ICD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tighe Noonan
Director
Period of report
Feb 12, 2018
Accepted (ET)
Feb 12, 2018 · 12:52 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 12, 2018 | M | 17,036 | $0.00 | A | 38,627 | 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 12, 2018 | M | 17,036 | D | — | — | Common Stock | 17,036 | 0 | D |
| Restricted Stock UnitsF3 | — | Feb 12, 2018 | A | 22,422 | A | — | — | Common Stock | 22,422 | 22,422 | 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 that vests on the one year anniversary of the date of grant. ICD will settled vested RSUIs within 30 days of the date that such RSU's vest.
- F3The director received an RSU grant that is subject to a one year vesting period. The director has the option to settle 1/3 of the shares underlying the grant in cash or common stock, at the director's election. Vested RSUs will be settled within 30 days of the vesting date.