CEBULA VINCENT J 4
4 · Independence Contract Drilling, Inc. · Filed Mar 20, 2023
Insider Transaction Report
Form 4
CEBULA VINCENT J
Director
Transactions
- Exercise/Conversion
Common Stock
2023-03-18+5,500→ 5,500 total - Exercise/Conversion
Restricted Stock Unit
2023-03-18−8,250→ 16,502 total→ Common Stock (8,250 underlying) - Exercise/Conversion
Common Stock
2023-03-18+16,501→ 22,001 total - Exercise/Conversion
Restricted Stock Unit
2023-03-18−24,752→ 25,000 total→ Common Stock (24,752 underlying)
Footnotes (2)
- [F1]The reporting person was granted a restricted stock unit (RSU) upon appointment to the Company's Board of Directors that vests in equal 1/3 installments on the first, second and third anniversaries of the date of grant. Each RSU entitles the reporting person to receive one share of commons tock upon vesting. Two third of RSUs were settled in shares of common stock and 1/3 was settled in cash.
- [F2]The reporting person received an annual grant of RSUs as a director of the Company that vest on the one year anniversary of the date of grant. One-third of the RSU's were settled in cash, 2/3 were settled in shares of common stock.