Independence Contract Drilling, Inc. 4
4 · Independence Contract Drilling, Inc. · Filed Feb 24, 2017
Insider Transaction Report
Form 4
Thompson Joseph Scott
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2017-02-22+13,333→ 70,336 total - Tax Payment
Common Stock
2017-02-22$5.70/sh−2,721$15,510→ 67,615 total - Exercise/Conversion
Restricted Stock Units
2017-02-22−13,333→ 26,667 total→ Common Stock (13,333 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contintent right to receive one share of ICD's common stock.
- [F2]The reporting person received grants of restricted stock units on February 22, 2016 (40,000 units), subject to a three-year vesting schedule, vesting 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant. ICD will settle vested RSUIs within 30 days of the date that such RSU's vest.