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

Role
VP & CHIEF ACCOUNTING OFFICER
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, 04:26 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 +106 +6.4% 1.76K Feb 10, 2023 Direct F1
transaction ICD Common Stock Options Exercise +214 +12.14% 1.98K Feb 10, 2023 Direct F2
holding ICD Common Stock 1.66K Feb 10, 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 Feb 10, 2023 Common Stock 159 Direct F1
transaction ICD Restricted Stock Units Options Exercise -214 -0.43% 49.8K Feb 10, 2023 Common Stock 214 Direct F2
transaction ICD Phantom Stock Unit Options Exercise -107 -100% 0 Feb 10, 2023 Common Stock 107 Direct F3
transaction ICD Restricted Stock Units Options Exercise +6.25K +12.56% 56K Feb 10, 2023 Common Stock 6.25K Direct F4
transaction ICD Phantom Stock Unit Options Exercise +3.13K 3.13K Feb 10, 2023 Common Stock 3.13K 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.