Menefee Chris 4
4 · Independence Contract Drilling, Inc. · Filed Feb 12, 2020
Insider Transaction Report
Form 4
Menefee Chris
See Remarks
Transactions
- Award
Phantom Stock Unit
2020-02-10+46,308→ 46,308 total→ Common Stock (46,308 underlying) - Award
Restricted Stock Units
2020-02-10+92,615→ 124,472 total→ Common Stock (92,615 underlying)
Footnotes (3)
- [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.
- [F3]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.