Form Type: 4

SEC EDGAR Link
Acccession Number:0001537028-20-000008
Date:2020-02-10
Issuer: INDEPENDENCE CONTRACT DRILLING, INC. (ICD)
Original Submission Date:

Reporting Person:

CHOYCE PHILIP A
20475 HWY 249, SUITE 300
HOUSTON, TX 77070

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-02-10 deemed execution date A 164,564 (a) common stock 164,564 $0.00 201,231 direct
PHANTOM STOCK UNIT 0.0 2020-02-10 deemed execution date A 82,282 (a) common stock 82,282 $0.00 82,282 direct
Footnotes
IDfootnote
f1 each restricted stock unit represents a contintent right to receive one share of icd's common stock.
f2 the reporting person received a restricted stock unit subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant. icd will settled vested rsuis within 30 days of the date that such rsu's vest.
f3 the reporting person received a phantom restricted stock unit subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant and 1/3 on the third anniversary of the date of grant. each unit is the economic equivalant of one share of common stock. icd will settle vested phantom rsu's in cash within 30 days of the date that such rsu vests.

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