SEC Form 4 · accession 0001537028-18-000093
Independence Contract Drilling, Inc. · ICD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A. Gallegos Jr.
Officer — President & CEO
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 3:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001537028
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | — | Oct 1, 2018 | A | 235,765 | A | — | — | Common Stock | 235,765 | 235,765 | D |
Explanation of responses
- F1(1)Conversion occurs on a one-for-one basis.
- F2(2)The reporting person received a restricted stock unit award on October 1, 2018, 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's vest.
- F3(3)This grant does not have an expiration date.