Kathrine Kokenes - 10 Feb 2023 Form 4 Insider Report for Independence Contract Drilling, Inc.

Role
VP & CHIEF ACCOUNTING OFFICER
Signature
/s/ Philip A. Choyce, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
10 Feb 2023
Net transactions value
$0
Form type
4
Filing time
14 Feb 2023, 16:26:47 UTC
Previous filing
21 Mar 2022
Next filing
20 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICD Common Stock Options Exercise +106 +6.4% 1,763 10 Feb 2023 Direct F1
transaction ICD Common Stock Options Exercise +214 +12% 1,977 10 Feb 2023 Direct F2
holding ICD Common Stock 1,657 10 Feb 2023 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 Performance Award Options Exercise -159 -100% 0 10 Feb 2023 Common Stock 159 Direct F1
transaction ICD Restricted Stock Units Options Exercise -214 -0.43% 49,761 10 Feb 2023 Common Stock 214 Direct F2
transaction ICD Phantom Stock Unit Options Exercise -107 -100% 0 10 Feb 2023 Common Stock 107 Direct F3
transaction ICD Restricted Stock Units Options Exercise +6,250 +13% 56,011 10 Feb 2023 Common Stock 6,250 Direct F4
transaction ICD Phantom Stock Unit Options Exercise +3,125 3,125 10 Feb 2023 Common Stock 3,125 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of a Performance Award representing right to receive on share of common stock. One third of such award settled in cash, 2/3 settled in stock
F2 Reporting person was granted an RSU on 2/10/20 that vested on 2/10/23. RSUs were settled in shares of ICD common stock.
F3 Reporting person was granted a phantom stock award on 2/10/20 that vested on 2/10/23. Each award is the economic equivalent of one share of ICD common stock. Phantom stock awards were settled in cash.
F4 Reporting person was granted a restricted stock unit that vests in three annual installment beginning 2/10/24. Each RSU will be settled in shares of ICD common stock.
F5 Reporting person was granted phantom stock units that vest in three annual installments beginning 2/10/24. Each phantom unit is the economic equivalent on one share of ICD common stock. Each phantom stock unit will be settled in cash.