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Filing Details

Accession Number:: 0001123292-20-001232
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-04 17:29:35
Reporting Period:: 2020-12-02

Accepted Time:: 2020-12-04 17:29:35
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-12-02	8,573	$3.85	933,352	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2020-12-03	16,878	$3.84	916,474	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2020-12-04	23,576	$3.93	892,898	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
No	4	S	Indirect	See footnotes

Footnotes

On March 11, 2020, the issuer effected a 1-for-20 reverse stock split of its common stock, resulting in each share held by the reporting person to be reclassified as and converted into 1/20 of a share of common stock.
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.]
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.
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.