4//SEC Filing
NEIDHARDT DIETMAR JURGEN 4
Accession 0001225208-11-020902
CIK 0001022705other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 3:35 PM ET
Size
9.2 KB
Accession
0001225208-11-020902
Insider Transaction Report
Form 4
TESCO CORPTESO
Transactions
- Exercise/Conversion
Common Stock
2011-08-26+2,833→ 4,863 total - Exercise/Conversion
Restricted Stock Unit
2011-08-26−2,833→ 2,834 totalExp: 2012-08-26→ Common Stock (2,833 underlying) - Sale
Common Stock
2011-08-26$15.44/sh−1,500$23,154→ 3,363 total
Footnotes (5)
- [F1]On August 26, 2009, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). The RSUs vested on the anniversary date of a grant. Under the terms of the Plan, the Company redeemed the vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4.
- [F2]The Reporting Person received shares of the Company's common stock upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Plan at US$ 15.29.
- [F3]The shares sold at an average price of US $15.4362. The shares sold in six (6) blocks ranging in price from $15.4006 to $15.46.
- [F4]The Company redeemed RSUs from a grant received by the Reporting Person on August 26, 2009. Under the terms of the Plan, there was no conversion price.
- [F5]The RSUs vest equally over three years on the anniversary of the grant date.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeother
Related Parties
1- filerCIK 0001467470
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 3:35 PM ET
- Size
- 9.2 KB