SEC Form 4 · accession 0001537028-19-000015
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
Feb 27, 2019
Accepted (ET)
Mar 1, 2019 · 3:40 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 | 205,000 | A | — | — | Common Stock | 205,000 | 205,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of ICD's common stock
- F2The 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. The award also is subject to approval by the Company's stockholders of the 2019 Omnibus Long-Term Incentive Plan