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

Role
SR VICE PRESIDENT - OPERATIONS
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, 05:06 PM
Previous filing
Dec 28, 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 +636 +5.53% 12.1K Feb 10, 2023 Direct F1
transaction ICD Common Stock Options Exercise +1.27K +9.98% 14K 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 Performance Award Options Exercise -484 -100% 0 Feb 10, 2023 Common Stock 484 Direct F1
transaction ICD Restricted Stock Unit Options Exercise -1.27K -0.99% 128K Feb 10, 2023 Common Stock 1.27K Direct F2
transaction ICD Restricted Stock Unit Award +16.7K +13.12% 144K Feb 10, 2023 Common Stock 16.7K Direct F2, F3
transaction ICD Phantom Stock Unit Options Exercise -638 -100% 0 Feb 10, 2023 Common Stock 638 Direct F4
transaction ICD Phantom Stock Unit Award +8.37K 8.37K Feb 10, 2023 Common Stock 8.37K 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 a performance award on 2/10/20 that vested on 2/10/23. Two thirds of such award was settled in shares of ICD common stcok and 1/3 was settled in cash.
F2 Reporting person was granted a restricted stock unit on 2/10/20 that vested on 2/10/23. Each RSU was settled in ICD common stock.
F3 Reporting person was granted a restricted stock unit that vests in three equal annual installments beginning 2/10/24. RSUs will be settled in shares of ICD common stock.
F4 Reporting person was granted a phantom stock award on 2/10/20 that vested on 2/10/23. Each phantom stock unit was the economic equivalent of one share of ICD common stock. Phantom stock awards were settled in cash.
F5 (3) Reporting person was granted phantom stock units that vest in three equal annual installments beginning 2/10/24. PSUs will be settled in cash and each unit represents the economic equivalent of one share of ICD common stock.