Vincent J. Cebula - Mar 18, 2022 Form 4/A - Amendment Insider Report for Independence Contract Drilling, Inc. (ICD)

Role
Director
Signature
/s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol
ICD
Transactions as of
Mar 18, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
3/21/2022, 07:51 PM
Date Of Original Report
Mar 21, 2022
Previous filing
Jan 11, 2022
Next filing
Apr 13, 2022

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 Award +24.8K 24.8K Mar 18, 2022 Common Stock 24.8K Direct F1
transaction ICD Restricted Stock Unit Award +24.8K +100% 49.5K Mar 18, 2022 Common Stock 24.8K 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 was granted a restricted stock unit (RSU) upon appointment to the Company's Board of Directors that vests in equal 1/3 installments on the first, second and third anniversaries of the date of grant. Each RSU entitles the reporting person to receive one share of commons tock upon vesting.
F2 The reporting person received an annual grant of RSUs as a director of the Company that vest on the one year anniversary of the date of grant. One-third of the RSU's will be settled in cash, 2/3 will be settled in shares of common stock. The grant of RSU's is subject to approval of an amendment to increase the number of shares authorized under the Company's 2019 LTIP Plan at the 2022 Annual Meeting of Stockholders.