Beierbach Barry E 4
4 · TESCO CORP · Filed Feb 27, 2009
Insider Transaction Report
Form 4
TESCO CORPTESO
Beierbach Barry E
VP (North American Top Drives)
Transactions
- Award
Common Stock
2009-02-25$9.05/sh+306.616$2,775→ 2,591.769 total
Footnotes (3)
- [F1]The shares were acquired by the Reporting Person pursuant to the Company's Amended and Restated Employee Stock Savings Plan (the Plan). On February 25, 2009, the Company issued shares to the Plan Administrator. The share purchase price was calculated in accordance with the Plan and funds withheld from the Reporting Person's January 2009 salary payments plus a benefit amount contributed by the Company as set forth in the Plan funded the purchase of the shares. The shares are held in the Reporting Person's name in the Plan and the Reporting Person has dispositive and voting control over the shares.
- [F2]The share price was calculated in accordance with the Plan terms at C$ 11.25. Based on the noon rate of exchange of the Bank of Canada on the date of calculation, the converted price is US $9.05.
- [F3]Shares of the Company's Common Stock held in Reporting Person's name in the Plan, all which were purchased directly from the Company in accordance with the Plan.