|Issuer:||INDEPENDENCE CONTRACT DRILLING, INC. (ICD)|
|Original Submission Date:|
GALLEGOS JOHN A. JR.
20475 STATE HIGHWAY 249
SUITE 300 HOUSTON, TX 77070
|Title of Security||Transaction Date||2a. Deemed Execution Date||Transaction Code||Shares||Acquired or Disposed||Price per share||5. Amount of Securities Beneficially Owned Following Reported Transaction||6. Ownership Form Direct or Indirect||Nature of Indirect Ownership|
|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 Exercisable||Expiration 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|
|f1||all transactions reported on this form 4 give effect to the 1-20 reverse stock split effective following the close of business on march 11, 2020. on march 12, 2020,1,000 shares were inadvertently sold into the market at a selling price of 3.089 per share. on march 13, 2020, reporting person repurchased 1,000 shares at a price of $1.533 per share. the purchase and sale reported herein were matchable under section 16(b) of the securities exchange act of 1934. the reporting person has agreed to pay to independence contract drilling, inc. upon settlement of the sale, $1,556 representing the full amount of the profit realized in connection with the matchable transaction.|