John A. Gallegos Jr. - Feb 27, 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 27, 2022
Transactions value $
$0
Form type
4
Date filed
3/1/2022, 12:04 PM
Previous filing
Feb 14, 2022
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICD Common Stock Award +1.69K +3.99% 44.1K Feb 27, 2022 Direct F1
transaction ICD Common Stock Options Exercise +3.42K +7.76% 47.5K Feb 27, 2022 Direct F2
transaction ICD Common Stock Tax liability -1.52K -3.19% 46K Feb 27, 2022 Direct F3

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 -3.42K -46.33% 3.96K Feb 27, 2022 Common Stock 3.42K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents number of shares issued upon vesting of a performance award
F2 The Reporting Person received was granted a restricted stock unit that vested on February 27, 2022. Each RSU entitled the reporting person to receive one share of common stock
F3 Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the PSU and RSU vesting.