Sec Form 13G Filing - MONROE WILLIAM @ INDEPENDENCE CONTRACT DRILLING

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Independence Contract Drilling, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

453415309

(CUSIP Number)

November 22, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No.		453415309


1	NAMES OF REPORTING PERSONS: William Monroe

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) o

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	United States

		5	SOLE VOTING POWER:

NUMBER OF			1,750,000

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			0

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			1,750,000

WITH:		8	SHARED DISPOSITIVE POWER:

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,750,000

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	18.3%⁽¹⁾

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	IN


⁽¹⁾		Based on 9,563,053 shares of the Issuer’s common stock outstanding as of October 29, 2021, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 2, 2021.


CUSIP NO. 453415309		SCHEDULE 13G


Item 1(a).		Name of issuer:

		Independence Contract Drilling, Inc.

Item 1(b).		Address of Issuer’s principal executive offices:

		20475 State Highway 249, Suite 300 Houston, TX 77070

Item 2(a) — (c).		Name, Address and Citizenship of Persons Filing:

		William Monroe
		c/o Higier Allen & Lautin, P.C.
		2711 N. Haskell Ave., Suite 2400
		Dallas, Texas 75204

		Mr. Monroe is a citizen of the United States of America

Item 2(d).		Title of class of securities:

		Common Stock, $0.01 par value per share

Item 2(e).		CUSIP No.:
		453415309

Item 3.		If this statement is filed pursuant to Sections 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:


(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)	o	A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);

(h)	o	A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)	o	Group, in accordance with §240.13d-1(b)(1)(ii)(J)

	Not applicable.


CUSIP NO. 453415309		SCHEDULE 13G


Item 4.	Ownership:

	(a)	Amount beneficially owned: 1,750,000

	(b)	Percent of class: 18.3%

	(c)	Number of shares as to which such person has:

		(i)	sole power to vote or to direct the vote: 1,750,000

		(ii)	shared power to vote or to direct the vote: 0

		(iii)	sole power to dispose or to direct the disposition of: 1,750,000

		(iv)	shared power to dispose or to direct the disposition of: 0


Item 5.		Ownership of five percent or less of a class:

		If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.

Item 6.		Ownership of more than five percent on behalf of another person:

		Not Applicable.

Item 7.		Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person:

		Not Applicable.

Item 8.		Identification and classification of members of the group:

		Not Applicable.

Item 9.		Notice of dissolution of group:

		Not Applicable.

Item 10.		Certifications:

		Not Applicable.

[Signature page follows]


CUSIP NO. 453415309		SCHEDULE 13G

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: December 20, 2021



		/s/ William Monroe

		William Monroe

ATTENTION: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. § 1001)

Sec Form 13G Filing - MONROE WILLIAM filing for INDEPENDENCE CONTRACT DRILLING (ICDI) - 2021-12-20