4//SEC Filing
Kokenes Kathrine 4
Accession 0001415889-22-003244
CIK 0001537028other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 9:25 PM ET
Size
8.3 KB
Accession
0001415889-22-003244
Insider Transaction Report
Form 4
Kokenes Kathrine
Chief Accounting Officer
Transactions
- Award
Restricted Stock Units
2022-03-18+49,761→ 49,975 total→ Common Stock (49,761 underlying) - Award
Stock Appreciation Right
2022-03-18+74,641→ 237,507 totalExercise: $5.19Exp: 2029-03-18→ Common Stock (74,641 underlying)
Footnotes (2)
- [F1]Reporting person was granted an RSU that vests in 1/3 increments on (i) the one year anniversary of the date of grant, (ii) 12/31/23 and (iii) 12/31/24. The RSUs are subject to approval by the Company's stockholders of an amendment to increase the shares authorized for issuance under the Company's 2019 LTIP Plan.
- [F2]The reporting person was granted a stock appreciation right, 1/3 vests on the first anniversary of the date of grant and the remaining SARs vest in equal quarterly installments during the second and third years following the date of grant. Each SAR entitles the Reporting Person to receive shares of Common Stock upon exercise equal in value to the difference between the fair market value of the common stock on the date of exercise and the Strike Price of $5.19 per share. The SARS are subject to approval by the Company's stockholders of an amendment to to increase the shares authorized for issuance under the Company's 2019 LTIP Plan.
Documents
Issuer
Independence Contract Drilling, Inc.
CIK 0001537028
Entity typeother
Related Parties
1- filerCIK 0001814022
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 9:25 PM ET
- Size
- 8.3 KB