FORM 4 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Fitts Travis
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)
SVP HR & HSE
(Last)          (First)          (Middle)

20475 STATE HIGHWAY 249, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

4/2/2020
(Street)

HOUSTON, TX 77070
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock 4/2/2020  M(1)  1468 A$0 7002 D  
Common Stock 4/2/2020  D(1)  1468 D$1.62 5534 D  
Common Stock 4/2/2020  M  4350 A$0 9884 D  
Common Stock 4/2/2020  M  578 A$0 10462 D  
Common Stock 4/2/2020  F  1970 D$0 8492 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Unit  (1)4/2/2020  M     1486   (1) (1)Common Stock 1486.0 $0 0 D  
Restricted Stock Units  (2)4/2/2020  M     4350   (2) (2)Common Stock 4350.0 $0 0 D  

Explanation of Responses:
(1) Executive ceased to be an employee of Company effective April 2, 2020. Pursuant to terms of the awards and employment-related agreements, awards representing 1,608 phantom stock awards vested. The Company will settle vested awards in cash based upon a share price of $1.62 per share (closing price per share on vesting date).
(2) Executive cease to be an employee of Company April 2, 2020. Pursuant to terms of awards and employment-related agreements, restricted stock units presenting 4,350 shares of common stock vested and were settled in shares of common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Fitts Travis
20475 STATE HIGHWAY 249
SUITE 300
HOUSTON, TX 77070


SVP HR & HSE

Signatures
/s/ Philip Choyce, by power of attorney4/4/2020
**Signature of Reporting PersonDate

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