Robertson Norman W 4
4 · TESCO CORP · Filed May 14, 2013
Insider Transaction Report
Form 4
TESCO CORPTESO
Robertson Norman W
Director
Transactions
- Exercise/Conversion
Common Stock
2013-05-10+1,166→ 45,732 total - Exercise/Conversion
Restricted Stock Unit
2013-05-10−1,166→ 2,334 totalExercise: $0.00Exp: 2015-05-10→ Common Stock (1,166 underlying)
Footnotes (4)
- [F1]On May 10, 2012, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). The RSUs vested on the anniversary date of a grant. Under the terms of the Plan, the Company redeemed the vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4.
- [F2]The Reporting Person received shares of the Company's common stock upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Plan at US$ 12.28.
- [F3]The Company redeemed RSUs from a grant received by the Reporting Person on May 10, 2012. 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.