SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

Kokenes Kathrine

(Last)

(First)

(Middle)

20475 HWY 249, SUITE 300

(Street)

HOUSTON

77070

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Independence Contract Drilling, Inc. [ ICD ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP & CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2023

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/10/2023		M		106	A	⁽¹⁾	1,763	D
Common Stock	02/10/2023		M		214	A	⁽²⁾	1,977	D
Common Stock								1,657	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Award	⁽¹⁾	02/10/2023		M			159	⁽¹⁾	⁽¹⁾	Common Stock	159	⁽¹⁾	0	D
Restricted Stock Units	⁽²⁾	02/10/2023		M			214	⁽²⁾	⁽²⁾	Common Stock	214	⁽²⁾	49,761	D
Phantom Stock Unit	⁽³⁾	02/10/2023		M			107	⁽³⁾	⁽³⁾	Common Stock	107	⁽³⁾	0	D
Restricted Stock Units	⁽⁴⁾	02/10/2023		M		6,250		⁽⁴⁾	⁽⁴⁾	Common Stock	6,250	⁽⁴⁾	56,011	D
Phantom Stock Unit	⁽⁵⁾	02/10/2023		M		3,125		⁽⁵⁾	⁽⁵⁾	Common Stock	3,125	⁽⁵⁾	3,125	D

Explanation of Responses:

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.

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

SEC Form 4: Kokenes Kathrine converted options into 320 shares, increasing direct ownership by 19% to 1,977 units