Scott A. Keller - Feb 10, 2023 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role
SVP - SALES AND MARKETING
Signature
/s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol
ICD
Transactions as of
Feb 10, 2023
Transactions value $
$0
Form type
4
Date filed
2/14/2023, 04:13 PM
Previous filing
Mar 21, 2022
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICD Common Stock Options Exercise +648 +8.72% 8.08K Feb 10, 2023 Direct F1
transaction ICD Common Stock Options Exercise +323 +4% 8.41K Feb 10, 2023 Direct F2

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 -648 -0.45% 142K Feb 10, 2023 Common Stock 648 Direct F1
transaction ICD Performance Award Options Exercise -484 -100% 0 Feb 10, 2023 Common Stock 484 Direct F2
transaction ICD Restricted Stock Units Award +19.3K +13.58% 162K Feb 10, 2023 Common Stock 19.3K Direct F3
transaction ICD Phantom Stock Unit Options Exercise -325 -100% 0 Feb 10, 2023 Common Stock 325 Direct F4
transaction ICD Phantom Stock Unit Award +9.67K 9.67K Feb 10, 2023 Common Stock 9.67K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person was granted restricted stock units on 2/10/20 that vested on 2/10/23. RSUs were settled in shares of ICD common stock.
F2 Represents vesting of a Performance Award originally granted on 2/10/20. Performance award was settled 2./3 in shares of ICD common stock and 1/3 in cash.
F3 Reporting person was granted a restricted stock unit award that vests in three annual installments beginning 2/10/24. RSUs are settled in shares of common stock.
F4 Reporting person was award a phantom stock award on 2/10/20 that vested on 2/10/23. Phantom stock is settled in cash. Each phantom stock unit is the economic equivalent on one share of ICD common stock.
F5 Reporting person was granted a phantom stock unit award on 2/10/23 that vests in three equal annual installments beginning 2/10/24. Each unit is the economic equivalent on one share of ICD common stock and is settled in cash.