Independence Contract Drilling, Inc. 4
4 · Independence Contract Drilling, Inc. · Filed Aug 19, 2016
Insider Transaction Report
Form 4
SPROTT RESOURCE CORP
10% Owner
Transactions
- Sale
Common Stock
2016-08-17$4.50/sh−1,000,000$4,500,000→ 3,525,000 total(indirect: By Partnership)
Holdings
- 12,272(indirect: See Footnotes)
Common Stock
Footnotes (3)
- [F1]The reported securities are owned directly by Sprott Resource Partnership ("SRP"), which is controlled by Sprott Resource Corp. ("SRC"). SRC is an indirect beneficial owner of the reported securities.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
- [F3]Represents Restricted Shares granted to Mr. Arthur Einav on August 20, 2014 that will vest ratably on each of the first three anniversaries of the date of grant. On August 19, 2015, Mr. Einav and SRP entered into an Investee Director Compensation Agreement pursuant to which the Restricted Shares are held by Mr. Einav for the benefit of SRP, which is controlled by SRC (Mr. Einav serves as as Managing Director, General Counsel and Corporate Secretary of SRC). Under the Investee Director Compensation Agreement, upon vesting, direct ownership of the Restricted Shares will be transferred to SRP and SRP will directly own such shares.