Filing Details

Accession Number:
0001123292-21-000422
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-03-05 18:27:08
Reporting Period:
2021-03-03
Accepted Time:
2021-03-05 18:27:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1537028 Independence Contract Drilling Inc. ICD () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1514334 Msd Partners, L.p. 645 Fifth Avenue, 21St Floor
New York NY 10022
Yes No Yes No
1534735 Msd Credit Opportunity Master Fund, L.p. 645 Fifth Avenue, 21St Floor
New York NY 10022
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-03-03 27,123 $6.05 654,972 No 4 S Indirect See Footnotes
Common Stock Disposition 2021-03-04 10,100 $6.00 644,872 No 4 S Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnotes
No 4 S Indirect See Footnotes
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $5.90 to $6.25. The price reported reflects the weighted average sales price. The reporting persons hereby undertake to provide to the Securities and Exchange Commission (the "Commission") staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of securities sold at each separate price.
  2. This transaction was executed in multiple trades at prices ranging from $6.00 to $6.02. The price reported reflects the weighted average sales price. The reporting persons hereby undertake to provide to the Commission staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of securities sold at each separate price.
  3. This statement is jointly filed by and on behalf of each of MSD Partners, L.P. ("MSD Partners") and MSD Credit Opportunity Master Fund, L.P. ("Master Fund"). Master Fund is the record and direct beneficial owner of the shares of the issuer's common stock reported herein. MSD Partners is the manager of Master Fund and may be deemed to beneficially own securities owned by Master Fund. MSD Partners (GP), LLC ("MSD GP") is the general partner of MSD Partners and may be deemed to beneficially own securities owned by MSD Partners. [cont.]
  4. Each of Brendan Rogers, John C. Phelan and Marc R. Lisker is a manager of MSD GP and may be deemed to beneficially own securities owned by MSD GP. Each of Messrs. Rogers, Phelan and Lisker disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein. Adam Piekarski, who is a principal at MSD Partners, was appointed to the Issuer's board of directors and each reporting person may be deemed to beneficially own securities owned by Mr. Piekarski.
  5. Each reporting person and each of Messrs. Rogers, Phelan and Lisker declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or any other purpose, a member of a group with respect to the issuer or securities of the issuer.