0001415889-23-002527.txt : 20230214
0001415889-23-002527.hdr.sgml : 20230214
20230214174015
ACCESSION NUMBER: 0001415889-23-002527
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230210
FILED AS OF DATE: 20230214
DATE AS OF CHANGE: 20230214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gallegos John A. Jr.
CENTRAL INDEX KEY: 0001562099
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36590
FILM NUMBER: 23632180
MAIL ADDRESS:
STREET 1: 952 ECHO LANE
STREET 2: SUITE 460
CITY: HOUSTON
STATE: TX
ZIP: 77024
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
form4-02142023_100245.xml
X0306
4
2023-02-10
0001537028
Independence Contract Drilling, Inc.
ICD
0001562099
Gallegos John A. Jr.
20475 HWY 249, SUITE 300
HOUSTON
TX
77070
true
true
false
false
PRESIDENT & CEO
Common Stock
2023-02-10
4
M
0
3688
A
47733
D
Common Stock
2023-02-10
4
M
0
7736
A
55469
D
Performance Right
2023-02-10
4
M
0
5532
D
Common Stock
5532
0
D
Restricted Stock Units
2023-02-10
4
A
0
81009
A
Common Stock
81009
738969
D
Phantom Stock Unit
2023-02-10
4
A
0
40506
A
Common Stock
40506
44194
D
Restricted Stock Units
2023-02-10
4
M
0
7376
D
Common Stock
7376
731593
D
Phantom Stock Unit
2023-02-10
4
M
0
3688
D
Common Stock
3688
40506
D
Represents number of shares issued upon vesting of a performance award
The reporting person was granted a restricted stock unit on 2/10/20 that vested on February 10, 2023. Each RSU was settled in shares of common stock.
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.
Each Phantom stock unit is the economic equivalent to a share of ICD commons tock. The reporting person was granted a PSU that vests in three equal annual installments beginning 2/10/24. PSUs will be settled in cash.
The reporting person was granted a phantom stock unit on 2/10/20 that vested on February 10, 2023. Each PSU was settled in shares of cash.
/s/ Philip A. Choyce, Attorney-in-Fact
2023-02-14