Independence Contract Drilling, Inc. 4
4 · Independence Contract Drilling, Inc. · Filed Jul 5, 2016
Insider Transaction Report
Form 4
JACOB EDWARD S III
DirectorSee Remarks
Transactions
- Exercise/Conversion
Common Stock
2016-06-30+13,333→ 183,830 total - Award
Common Stock
2016-06-30+17,533→ 169,003 total - Disposition to Issuer
Restricted Stock Units
2016-06-30−106,667→ 13,333 total→ Common Stock (106,667 underlying) - Exercise/Conversion
Restricted Stock Units
2016-06-30−13,333→ 0 total→ Common Stock (13,333 underlying) - Tax Payment
Common Stock
2016-06-30$5.43/sh−33,748$183,252→ 150,082 total - Award
Common Stock
2016-06-30+19,127→ 151,470 total - Award
Common Stock
2016-06-30+1,494→ 170,497 total
Holdings
- 119,320
Employee Stock Option (Right to Buy)
Exercise: $12.74From: 2016-06-30Exp: 2023-02-01→ Common Stock (119,320 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents a contintent right to receive one share of ICD's common stock ("Common Stock") and converts into a share of Common Stock on a one-for-one basis.
- [F2]As previously reported, on February 22, 2016 (the "Grant Date"), the reporting person was granted 120,000 RSUs subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of the Grant Date, 1/3 on the second anniversary of the of the Grant Date and 1/3 on the third anniversary of the Grant Date. In connection with the reporting person's retirement, a pro rata portion of the RSUs vested on June 30, 2016.