SEC Form 4 · accession 0001537028-19-000013
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
Feb 27, 2019
Accepted (ET)
Mar 1, 2019 · 3:38 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 27, 2019 | A | 28,571 | A | — | — | Common Stock | 28,571 | 28,571 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of ICD's common stock.
- 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. The grant also is subject to approval by the Company's Stockholders of the 2019 Omnibus Incentive Plan