SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ROSS WILBUR L JR

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

600 LEXINGTON AVE., 19TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/18/2005

3. Issuer Name and Ticker or Trading Symbol
International Coal Group, Inc. [ ICO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	24,095,883	I	See Footnotes.⁽¹⁾⁽²⁾⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. As described in the International Coal Group, Inc. (the "Company") Registration Statement on Form S-4 (File No. 333-126156), the Company expects to complete a corporate reorganization and the acquisition of Anker Group, Inc. ("Anker") and CoalQuest Development LLC ("CoalQuest"). Upon completion of the reorganization and the acquisitions, 10,779,101 shares of common stock of the Company will be directly held by WLR Recovery Fund II, L.P., 7,475,347 shares of common stock of the Company will be directly held by WLR Recovery Fund L.P. and 5,841,435 shares of common stock of the Company will be directly held by WLR CoalQuest Holding Corp., which is wholly owned by WLR Recovery Fund II, L.P., reflecting the maximum number of shares issuable in connection with the acquisitions.

2. The number of shares issuable in connection with the acquisitions is subject to adjustment. The general partner of WLR Recovery Fund II, L.P. is WLR Recovery Associates II LLC. The general partner of WLR Recovery Fund L.P. is WLR Recovery Associates LLC. Wilbur L. Ross, Jr. is the managing member and WL Ross & Co. LLC is the advisor to each of WLR Recovery Associates II LLC and WLR Recovery Associates LLC. Mr. Ross serves as principal of WL Ross & Co. LLC. To the extent Mr. Ross is deemed to beneficially own these share as a result of his position as principal of WL Ross & Co. LLC, Mr. Ross disclaims beneficial ownership of these shares.

3. Shares directly owned by WLR Recovery Fund II, L.P., WLR Recovery Fund L.P. and WLR CoalQuest Holding Corp.

	/s/ Wilbur L. Ross	11/18/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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