SEC Form 4 · accession 0001537028-18-000090
Independence Contract Drilling, Inc. · ICD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew D Fitzgerald
Director
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 3:46 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 1, 2018 | M | 14,948 | $0.00 | A | 72,606 | 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 | — | Oct 1, 2018 | M | 7,474 | D | — | — | Common Stock | 7,474 | 14,948 | D |
| Restricted Stock UnitsF2 | — | Oct 1, 2018 | M | 14,948 | D | — | — | Common Stock | 14,948 | 0 | D |
Explanation of responses
- F1The 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. The Director elected to receive cash for these shares at an equivalent value of 4.71 per share.
- F2The 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.