Statement of Changes in Beneficial Ownership (4)
April 06 2020 - 12:36PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
|
1. Name and Address of Reporting Person
*
Fitts Travis |
2. Issuer Name and Ticker or Trading Symbol
Independence Contract Drilling, Inc.
[
ICD
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP HR & HSE |
|
(Last)
(First)
(Middle)
20475 STATE HIGHWAY 249, SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/2/2020 |
|
(Street)
HOUSTON, TX 77070
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
| Common Stock | 4/2/2020 | | M(1) | | 1468 | A | $0 | 7002 | D | |
| Common Stock | 4/2/2020 | | D(1) | | 1468 | D | $1.62 | 5534 | D | |
| Common Stock | 4/2/2020 | | M | | 4350 | A | $0 | 9884 | D | |
| Common Stock | 4/2/2020 | | M | | 578 | A | $0 | 10462 | D | |
| Common Stock | 4/2/2020 | | F | | 1970 | D | $0 | 8492 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Phantom Stock Unit | (1) | 4/2/2020 | | M | | | 1486 | (1) | (1) | Common Stock | 1486.0 | $0 | 0 | D | |
| Restricted Stock Units | (2) | 4/2/2020 | | M | | | 4350 | (2) | (2) | Common Stock | 4350.0 | $0 | 0 | D | |
| Explanation of Responses: |
| (1) | 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). |
| (2) | 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. |
Reporting Owners
|
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Fitts Travis
20475 STATE HIGHWAY 249
SUITE 300
HOUSTON, TX 77070 |
|
| SVP HR & HSE |
|
Signatures
|
| /s/ Philip Choyce, by power of attorney | | 4/4/2020 |
| **Signature of Reporting Person | Date |
Independence Contract Dr... (NYSE:ICD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Independence Contract Dr... (NYSE:ICD)
Historical Stock Chart
From Apr 2023 to Apr 2024
