DODSON JOHN MARK 4
4 · TESCO CORP · Filed Nov 23, 2010
Insider Transaction Report
Form 4
TESCO CORPTESO
DODSON JOHN MARK
VP & Corporate Controller
Transactions
- Exercise/Conversion
Restricted Stock Unit
2010-11-19−2,500→ 5,000 totalExp: 2012-11-19→ Common Stock (2,500 underlying) - Exercise/Conversion
Common Stock
2010-11-19+2,500→ 2,500 total
Footnotes (4)
- [F1]On November 19, 2009, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). The RSUs vested on the anniversary date of the grant. Under the terms of the Plan, the Company redeemed the 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 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$ 13.74.
- [F3]The Company redeemed RSUs from a grant received by the Reporting Person on November 19, 2009. Under the terms of the Plan, there was no conversion price.
- [F4]The RSUs vest equally over three years on the anniversary of the grant date.