SEC Form 4 · accession 0001537028-18-000104

Independence Contract Drilling, Inc. · ICD

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

Reporting owner

Byron A Dunn

Other

Period of report

Oct 1, 2018

Accepted (ET)

Oct 3, 2018 · 3:58 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	86,248	$0.00	A	465,819	D
Common Stock^F1	Oct 1, 2018	D	21,323	$4.71	D	0	I	See Footnote
Common Stock	Oct 1, 2018	M	126,883	$0.00	A	592,702	D
Common Stock	Oct 1, 2018	M	172,312	$0.00	A	765,014	D
Common Stock	Oct 1, 2018	M	80,000	$0.00	A	845,014	D
Common Stock^F2	Oct 1, 2018	D	105,975	$4.71	D	78,500	I	See Footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Restricted Stock Units^F3,F4	—	Oct 1, 2018	M	80,000	D	—	—	Common Stock	80,000	D
Restricted Stock Units^F5,F6	—	Oct 1, 2018	M	126,883	D	—	—	Common Stock	126,883	D
Restricted Stock Units^F7	—	Oct 1, 2018	M	172,312	D	—	—	Common Stock	172,312	D

Explanation of responses

F1Represents shares of common stock owned of record by Granite One Limited Partnership (formerly A2L, Ltd), over which Mr. Dunn shares voting and dispositive control.
F2Represents 105,975 shares of common stock owned of record by Field Rock Partners LP, over which Mr. Dunn shares voting and dispositive power. Represents 78,500 shares of common stock owned of record by Granite One Limited Partnership, over which Mr. Dunn shares voting and dispositive power.
F3Each restricted stock unit represents a contintent right to receive one share of ICD's common stock.
F4The 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.
F5Each restricted stock unit represents a contingent right to receive one share of ICD's common stock
F6The 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.
F7The 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.