0001537028-21-000008.txt : 20210212 0001537028-21-000008.hdr.sgml : 20210212 20210212123316 ACCESSION NUMBER: 0001537028-21-000008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210210 FILED AS OF DATE: 20210212 DATE AS OF CHANGE: 20210212 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CHOYCE PHILIP A CENTRAL INDEX KEY: 0001241701 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36590 FILM NUMBER: 21624809 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Independence Contract Drilling, Inc. CENTRAL INDEX KEY: 0001537028 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 371653648 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 20475 STATE HIGHWAY 249 STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77070 BUSINESS PHONE: 2815981230 MAIL ADDRESS: STREET 1: 20475 STATE HIGHWAY 249 STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77070 4 1 wf-form4_161315117858195.xml FORM 4 X0306 4 2021-02-10 0 0001537028 Independence Contract Drilling, Inc. ICD 0001241701 CHOYCE PHILIP A 20475 HWY 249, SUITE 300 HOUSTON TX 77070 0 1 0 0 EVP & CFO Common Stock 2021-02-10 4 M 0 2742 0 A 34636 D Restricted Stock Units 2021-02-10 4 M 0 2742 0 D Common Stock 2742.0 8008 D Phantom Stock Unit 2021-02-10 4 M 0 1371 0 D Common Stock 1371.0 2743 D Each restricted stock unit represents a contintent right to receive one share of ICD's common stock. (2)The reporting person holds 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. 1/3 of the award will be settled in cash 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. /s/ Philip A. Choyce 2021-02-12