4//SEC Filing
BOYLE JOHN ERNEST 4
Accession 0001225208-09-012845
CIK 0001022705other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 6:21 PM ET
Size
8.6 KB
Accession
0001225208-09-012845
Insider Transaction Report
Form 4
TESCO CORPTESO
BOYLE JOHN ERNEST
Other
Transactions
- Exercise/Conversion
Restricted Stock Unit
2009-05-18−500→ 500 totalExercise: $0.00→ Common Stock (500 underlying) - Exercise/Conversion
Common Stock
2009-05-18$9.60/sh+500$4,800→ 837.348 total
Footnotes (6)
- [F1]On May 18, 2007, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). 500 RSUs vested on the anniversary date which was May 18, 2009. Under the terms of the Plan, the Company redeemed such vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4.
- [F2]The Reporting Person received 500 shares of the Company's common stock upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Plan at US$ 9.60.
- [F3]The Company redeemed 500 from a grant received by the Reporting Person on May 18, 2007. Under the terms of the Plan, there was no conversion price.
- [F4]On May 18, 2007, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). 500 RSUs vested on the anniversary date which was May 18, 2009. Under the terms of the Plan, the Company redeemed such vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4.
- [F5]The RSUs vest equally over three years on the anniversary date of the grant date.
- [F6]The RSUs expire on the final vest date: May 18, 2010.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeother
Related Parties
1- filerCIK 0001410798
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 6:21 PM ET
- Size
- 8.6 KB