Form Type: 4

SEC EDGAR Link
Acccession Number:0001537028-20-000067
Date:2020-04-02
Issuer: INDEPENDENCE CONTRACT DRILLING, INC. (ICD)
Original Submission Date:

Reporting Person:

FITTS TRAVIS
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 2020-04-02 M 1,468 a $0.00 7,002 direct
COMMON STOCK 2020-04-02 D 1,468 d $1.62 5,534 direct
COMMON STOCK 2020-04-02 M 4,350 a $0.00 9,884 direct
COMMON STOCK 2020-04-02 M 578 a $0.00 10,462 direct
COMMON STOCK 2020-04-02 F 1,970 d $0.00 8,492 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
PHANTOM STOCK UNIT 0.0 2020-04-02 deemed execution date M 1,486 (d) common stock 1,486 $0.00 0 direct
RESTRICTED STOCK UNITS 0.0 2020-04-02 deemed execution date M 4,350 (d) common stock 4,350 $0.00 0 direct
Footnotes
IDfootnote
f1 executive ceased to be an employee of company effective april 2, 2020. pursuant to terms of the awards and employment-related agreements, awards representing 1,608 phantom stock awards vested. the company will settle vested awards in cash based upon a share price of $1.62 per share (closing price per share on vesting date).
f2 executive cease to be an employee of company april 2, 2020. pursuant to terms of awards and employment-related agreements, restricted stock units presenting 4,350 shares of common stock vested and were settled in shares of common stock.

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