Philip A. Choyce - Feb 10, 2022 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role: EXECUTIVE VP & CFO
Signature: /s/ Philip A. Choyce
Stock symbol: ICD
Transactions as of: Feb 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/14/2022, 03:45 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		+2.74K	+8.15%		36.4K	Feb 10, 2022	Direct	F1
holding	ICD	Common Stock						33.6K	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 Unit	Options Exercise		-2.74K	-50%		2.74K	Feb 10, 2022	Common Stock	2.74K		Direct	F1
transaction	ICD	Phantom Stock Unit	Options Exercise		-1.37K	-50%		1.37K	Feb 10, 2022	Common Stock	1.37K		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.