icc 17.0.1 miscompiles valid C code at -Os and above on x86_64-linux-gnu

Compiler version and platform: 

Intel(R) C Intel(R) 64 Compiler for applications running on Intel(R) 64, Version 17.0.1.132 Build 20161005 

$ icc -O1 small.c; ./a.out
$
$ icc -Os small.c; ./a.out
0
$
$ cat small.c
int printf (const char *, ...);

long a[2], b, c;

int main ()
{
  long d = 3620225796;
  for (; c < 1; c++)
    d = 0;
  if (~d && d)
    printf ("%ld\n", b);
  a[d] = 1;
  return 0;
}
$