Fitts Travis 4
4 · Independence Contract Drilling, Inc. · Filed Mar 1, 2019
Insider Transaction Report
Form 4
Fitts Travis
SVP HR & HSE
Transactions
- Award
Restricted Stock Units
2019-02-27+29,429→ Common Stock (29,429 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of ICD's common stock
- [F2]The reporting person received a restricted stock unit 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 RSU's within 30 days of the date that such RSU vests. The award also is subject to approval by the Company's stockholders of the 2019 Omnibus Long-Term Incentive Plan