SEC Form 4 · accession 0001537028-18-000094
Independence Contract Drilling, Inc. · ICD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Harwell
Officer — VP Finance & CAO
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 3:48 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 | A | 10,268 | $0.00 | A | 51,758 | D | |
| Common Stock | Oct 1, 2018 | F | 20,374 | $4.71 | D | 31,384 | D | |
| Common Stock | Oct 1, 2018 | M | 11,667 | $0.00 | A | 43,051 | D | |
| Common Stock | Oct 1, 2018 | M | 13,913 | $0.00 | A | 56,964 | D | |
| Common Stock | Oct 1, 2018 | M | 18,700 | $0.00 | A | 75,664 | 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 | — | Oct 1, 2018 | M | 11,667 | D | — | — | Common Stock | 11,667 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | Oct 1, 2018 | M | 13,913 | D | — | — | Common Stock | 13,913 | 0 | D |
| Restricted Stock UnitsF5 | — | Oct 1, 2018 | M | 18,700 | D | — | — | Common Stock | 18,700 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contintent right to receive one share of ICD's common stock.
- F2The reporting person received a restricted stock unit on February 22, 2016, 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 settled vested RSUIs within 30 days of the date that such RSU's vest.
- F3Each restricted stock unit represents a contingent right to receive one share of ICD's common stock
- F4The reporting person received a restricted stock unit 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.
- F5The 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.