# EDGAR Filing Document

**Accession Number:** 0001814022
**File Stem:** 0001415889-23-002517
**Filing Date:** 2023-2
**Character Count:** 7311
**Document Hash:** 9bced440148bd7e72fc9580e40d1b984
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001415889-23-002517.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001415889-23-002517

**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:** Kokenes Kathrine
- **CENTRAL INDEX KEY:** 0001814022

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36590
- **FILM NUMBER:** 23631932

**MAIL ADDRESS:**
- **STREET 1:** 20475 SH 249
- **STREET 2:** SUITE 300
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77070
**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

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Kokenes Kathrine<br><sub>(Last) (First) (Middle)</sub><br>20475 HWY 249, SUITE 300<br><sub>(Street)</sub><br>HOUSTON, TX 77070<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-10 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_VP & CHIEF ACCOUNTING OFFICER_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Independence Contract Drilling, Inc. [ ICD ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-10 |  | M |  | 106 | A | <sup>(1)</sup> | 1763 | D |  |
| Common Stock | 2023-02-10 |  | M |  | 214 | A | <sup>(2)</sup> | 1977 | D |  |
| Common Stock |  |  |  |  |  |  |  | 1657 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Performance Award | <sup>(1)</sup> | 2023-02-10 |  | M |  |  | 159 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 159 | <sup>(1)</sup> | 0 | D |  |
| Restricted Stock Units | <sup>(2)</sup> | 2023-02-10 |  | M |  |  | 214 | <sup>(2)</sup> | <sup>(2)</sup> | Common Stock | 214 | <sup>(2)</sup> | 49761 | D |  |
| Phantom Stock Unit | <sup>(3)</sup> | 2023-02-10 |  | M |  |  | 107 | <sup>(3)</sup> | <sup>(3)</sup> | Common Stock | 107 | <sup>(3)</sup> | 0 | D |  |
| Restricted Stock Units | <sup>(4)</sup> | 2023-02-10 |  | M |  | 6250 |  | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 6250 | <sup>(4)</sup> | 56011 | D |  |
| Phantom Stock Unit | <sup>(5)</sup> | 2023-02-10 |  | M |  | 3125 |  | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 3125 | <sup>(5)</sup> | 3125 | D |  |

---

### Footnotes:

(1) Vesting of a Performance Award representing right to receive on share of common stock.  One third of such award settled in cash, 2/3 settled in stock

(2) Reporting person was granted an RSU on 2/10/20 that vested on 2/10/23.  RSUs were settled in shares of ICD common stock.

(3) Reporting person was granted a phantom stock award on 2/10/20 that vested on 2/10/23.  Each award is the economic equivalent of one share of ICD common stock.  Phantom stock awards were settled in cash.

(4) Reporting person was granted a restricted stock unit that vests in three annual installment beginning 2/10/24.  Each RSU will be settled in shares of ICD common stock.

(5) Reporting person was granted phantom stock units that vest in three annual installments beginning 2/10/24.  Each phantom unit is the economic equivalent on one share of ICD common stock.  Each phantom stock unit will be settled in cash.

**Signature:** /s/ Philip A. Choyce, Attorney-in-Fact  
**Date:** 2023-02-14

### Remarks:

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 4 (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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**