Form Type: 4

SEC EDGAR Link
Acccession Number:0001537028-20-000061
Date:2020-03-12
Issuer: INDEPENDENCE CONTRACT DRILLING, INC. (ICD)
Original Submission Date:

Reporting Person:

GALLEGOS JOHN A. JR.
20475 STATE HIGHWAY 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
COMMON STOCK 2020-03-12 S 1,000 d $3.09 25,576 direct
COMMON STOCK 2020-03-13 A 1,000 a $1.53 26,576 direct
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
Footnotes
IDfootnote
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.

Elevate your investments