TESCO CORP 4

4 · TESCO CORP · Filed Nov 12, 2013

Form 4

Period: 2013-11-07

Director

Transactions

Award
Option to Purchase
2013-11-07+7,900→ 7,900 total
Exercise: $18.06Exp: 2020-11-07→ Common Stock (7,900 underlying)
Award
Restricted Stock Unit
2013-11-07+3,600→ 3,600 total
Exp: 2016-11-07→ Common Stock (3,600 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). The vesting of all awards is contingent upon the reporting person's continued employment by the Company.
[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 November 7, 2014.
[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 November 7, 2014.

Documents

1 file