John A. Gallegos Jr. - Feb 10, 2022 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role
PRESIDENT & CEO, Director
Signature
/s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol
ICD
Transactions as of
Feb 10, 2022
Transactions value $
$0
Form type
4
Date filed
2/14/2022, 03:29 PM
Previous filing
Dec 28, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICD Common Stock Options Exercise +7.38K +17.41% 49.7K Feb 10, 2022 Direct F1
holding ICD Common Stock 42.4K Feb 10, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ICD Restricted Stock Units Options Exercise -7.38K -50% 7.38K Feb 10, 2022 Common Stock 7.38K Direct F1
transaction ICD Phantom Stock Unit Options Exercise -3.69K -50% 3.69K Feb 10, 2022 Common Stock 3.69K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received a restricted stock unit on 2.10.20 that vested on 2.10.22. All RSUs were settled in shares of common stock
F2 The reporting person was granted a restricted stock unit on 2/10/20 that vested on 2/10/22. Each RSU is the cash equivalent of one share of common stock. All RSUs are settled in cash.