DUNN BYRON A 4
4 · Independence Contract Drilling, Inc. · Filed Feb 26, 2018
Insider Transaction Report
Form 4
DUNN BYRON A
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2018-02-22+80,000→ 379,571 total - Disposition to Issuer
Common Stock
2018-02-22−31,480→ 21,323 total(indirect: See Footnote) - Exercise/Conversion
Restricted Stock Units
2018-02-22−80,000→ 80,000 total→ Common Stock (80,000 underlying)
Footnotes (3)
- [F1]Represents shares of common stock owned of record by Granite One Limited Partnership (formerly A2L, Ltd), over which Mr. Dunn shares voting and dispositive control.
- [F2]Each restricted stock unit represents a contintent right to receive one share of ICD's common stock.
- [F3]The reporting person received a restricted stock unit on February 22, 2016, 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 settled vested RSUIs within 30 days of the date that such RSU's vest.