Fitts Travis 4
4 · Independence Contract Drilling, Inc. · Filed Apr 6, 2020
Insider Transaction Report
Form 4
Fitts Travis
SVP HR & HSE
Transactions
- Exercise/Conversion
Phantom Stock Unit
2020-04-02−1,486→ 0 total→ Common Stock (1,486 underlying) - Exercise/Conversion
Common Stock
2020-04-02+1,468→ 7,002 total - Disposition to Issuer
Common Stock
2020-04-02$1.62/sh−1,468$2,378→ 5,534 total - Exercise/Conversion
Common Stock
2020-04-02+4,350→ 9,884 total - Exercise/Conversion
Common Stock
2020-04-02+578→ 10,462 total - Tax Payment
Common Stock
2020-04-02−1,970→ 8,492 total - Exercise/Conversion
Restricted Stock Units
2020-04-02−4,350→ 0 total→ Common Stock (4,350 underlying)
Footnotes (2)
- [F1]Executive ceased to be an employee of Company effective April 2, 2020. Pursuant to terms of the awards and employment-related agreements, awards representing 1,608 phantom stock awards vested. The Company will settle vested awards in cash based upon a share price of $1.62 per share (closing price per share on vesting date).
- [F2]Executive cease to be an employee of Company April 2, 2020. Pursuant to terms of awards and employment-related agreements, restricted stock units presenting 4,350 shares of common stock vested and were settled in shares of common stock.