Lowley Keith M 4
4 · TESCO CORP · Filed Sep 24, 2009
Insider Transaction Report
Form 4
TESCO CORPTESO
Lowley Keith M
Vice President - Manufacturing
Transactions
- Award
Common Stock
2009-09-22$8.65/sh+160$1,384→ 4,358.4 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 September 22, 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 August 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 US $8.65. Based on the noon rate of exchange of the Bank of Canada on the date of calculation, the converted price is C$ 9.31.
- [F3]Includes 4,473.297112 shares held in Reporting Person's name in the Plan and purchased directly from the Company or purchased on the open market more than one year ago.