Robert J. Barrett IV - Jul 1, 2022 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role
Director
Signature
/s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol
ICD
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/5/2022, 12:55 PM
Next filing
Feb 14, 2023

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 +18.4K 18.4K Jul 1, 2022 Common Stock 18.4K Direct F1
transaction ICD Restricted Stock Unit Award +30.8K +166.96% 49.2K Jul 1, 2022 Common Stock 30.8K 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 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.
F2 The reporting person received a grant of restricted stock units in connection with his initial appointment to the board of directors. RSU's will vest in 1/3 increments on the 1st, 2nd and 3rd anniversaries of the date of grant. RSU's will be settled within 30 days of vesting, 1/3 in cash and 2/3 in shares of common stock.