4//SEC Filing
TESCO CORP 4
Accession 0001225208-14-023273
CIK 0001022705operating
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 5:33 PM ET
Size
9.3 KB
Accession
0001225208-14-023273
Insider Transaction Report
Form 4
TESCO CORPTESO
REYNOLDS JOHN T
Director10% Owner
Transactions
- Exercise/Conversion
Common Stock
2014-11-08+1,300→ 13,398 total - Exercise/Conversion
Restricted Stock Unit
2014-11-08−1,300→ 1,300 totalExp: 2015-11-08→ Common Stock (1,300 underlying)
Holdings
- 4,307,799(indirect: By LRP V Luxembourg Holdings S.a r.l.)
Common Stock
Footnotes (6)
- [F1]The vest date occurred on Saturday, November 8, 2014; therefore, the deemed vest date was Monday, November 10, 2014.
- [F2]On November 8, 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.
- [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$16.41.
- [F4]The Company redeemed RUSs from a grant received by the Reporting Person on November 8, 2012. Under the terms of the Plan, there was no conversion price.
- [F5]On November 8, 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.
- [F6]The RSUs vest 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 12, 7:00 PM ET
- Accepted
- Nov 13, 5:33 PM ET
- Size
- 9.3 KB