Robertson Norman W 4

4 · TESCO CORP · Filed May 14, 2012

Form 4

Period: 2012-05-10

Director

Transactions

Award
Option to Purchase
2012-05-10+7,000→ 7,000 total
Exercise: $14.19Exp: 2019-05-10→ Common Stock (7,000 underlying)
Award
Restricted Stock Unit
2012-05-10+3,500→ 3,500 total
Exercise: $0.00Exp: 2015-05-10→ Common Stock (3,500 underlying)

Footnotes (6)

[F1]All awards were granted pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d).
[F2]This number represents the stock options (Options) granted to the reporting person as a portion of his compensation for serving as an officer or director of the Company. These Options are subject to a three-year vesting period.
[F3]The Options vest in three equal annual installments beginning May 10, 2013.
[F4]Each Restricted Stock Unit (RSU) may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.
[F5]This number represents the restricted stock units (RSUs) granted. These RSUs are subject to a three-year vesting period. RSUs are calculated on a one-for-one share basis. Each RSU may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.
[F6]The RSUs vest in three equal annual installments beginning May 10, 2013.

Documents

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