4//SEC Filing
TESCO CORP 4
Accession 0001225208-13-023561
CIK 0001022705operating
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 8:02 PM ET
Size
8.5 KB
Accession
0001225208-13-023561
Insider Transaction Report
Form 4
TESCO CORPTESO
Kayl Robert L
Senior V.P. & CFO
Transactions
- Exercise/Conversion
Common Stock
2013-11-09+6,034→ 82,207 total - Exercise/Conversion
Restricted Stock Unit
2013-11-09−6,034→ 0 totalExp: 2013-11-09→ Common Stock (6,034 underlying)
Footnotes (5)
- [F1]The vest date occurred on Saturday, November 9, 2013, and Monday, November 11, 2012 was a holiday, therefore the deemed vest date was Tuesday, November 12, 2013.
- [F2]On November 9, 2010, 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.
- [F3]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$ 18.00.
- [F4]The Company redeemed RSUs from a grant received by the Reporting Person on November 8, 2012. Under the terms of the Plan, there was no conversion price.
- [F5]The RSUs vested equally over three years on the anniversary of the grant date.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeoperating
Related Parties
1- filerCIK 0001022705
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 8:02 PM ET
- Size
- 8.5 KB