Fitts Travis 4
4 · Independence Contract Drilling, Inc. · Filed Feb 12, 2020
Insider Transaction Report
Form 4
Fitts Travis
SVP HR & HSE
Transactions
- Award
Phantom Stock Unit
2020-02-10+29,360→ 29,360 total→ Common Stock (29,360 underlying) - Award
Restricted Stock Units
2020-02-10+58,717→ 88,146 total→ Common Stock (58,717 underlying)
Footnotes (2)
- [F1](2)The reporting person received a restricted stock unit award, 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's vest.
- [F2]The reporting person received a phantom 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. Each unit is the economic equivalant of one share of common stock. ICD will settle vested phantom RSU's in cash within 30 days of the date that such RSU vests.