Fitts Travis 4
4 · Independence Contract Drilling, Inc. · Filed Mar 2, 2020
Insider Transaction Report
Form 4
Fitts Travis
SVP HR & HSE
Transactions
- Exercise/Conversion
Common Stock
2020-02-27+9,429→ 141,380 total - Tax Payment
Common Stock
2020-02-27−2,796→ 138,584 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2020-02-27−9,429→ 78,717 total→ Common Stock (9,429 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.
Signature
/s/ Philip Choyce, by power of attorney|2020-03-02