Vincent J. Cebula - Mar 18, 2024 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
Mar 18, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 05:09 PM
Previous filing
Feb 29, 2024
Next filing
Apr 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICD Common Stock Options Exercise +5.5K +7.64% 77.5K Mar 18, 2024 Direct F1

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 Options Exercise -5.5K -50% 5.5K Mar 18, 2024 Common Stock 5.5K Direct F1
transaction ICD Phantom Stock Unit Options Exercise -2.75K -49.99% 2.75K Mar 18, 2024 Common Stock 2.75K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of an RSU originally granted March 18, 2022, which original grant vested in 1/3 increments on the 1st, 2nd and 3rd anniversaries of the date of grant.
F2 Represents vesting of a phantom stock unit originally granted March 18, 2022, which original grant vested in 1/3 increments on the 1st, 2nd and 3rd anniversaries of the date of grant. Phantom stock units are settled in cash, with each unit equal to the fair market value fo the common stock on the vesting date.