4//SEC Filing
Boone Christopher L 4
Accession 0001104659-17-074121
CIK 0001022705other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 6:39 PM ET
Size
7.5 KB
Accession
0001104659-17-074121
Insider Transaction Report
Form 4
TESCO CORPTESO
Boone Christopher L
SVP, CFO
Transactions
- Disposition to Issuer
Restricted Stock Unit
2017-12-15$3.79/sh−104,234$395,047→ 0 total→ Common Stock (104,234 underlying) - Disposition to Issuer
Common Stock
2017-12-15−40,864→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Arrangement Agreement dated August 13, 2017 (the "Arrangement Agreement") by and among the Issuer, Nabors Industries Ltd. ("Nabors"), and Nabors Maple Acquisition Ltd. in exchange for 27,788 shares of Nabors common stock having a market value of $5.48 per share as of December 15, 2017, the closing date of the merger (the "Closing Date").
- [F2]Pursuant to the Arrangement Agreement, on the Closing Date, each restricted stock unit held by the Reporting Person subject to vesting conditions became fully vested (with performance-based restricted stock units vesting at target), was canceled, and was converted into the right to receive $3.79 in cash for each restricted stock unit, less any required withholding taxes.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeother
Related Parties
1- filerCIK 0001434749
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 6:39 PM ET
- Size
- 7.5 KB