4//SEC Filing
TESCO CORP 4
Accession 0001225208-15-011943
CIK 0001022705operating
Filed
May 11, 8:00 PM ET
Accepted
May 12, 5:06 PM ET
Size
8.0 KB
Accession
0001225208-15-011943
Insider Transaction Report
Form 4
TESCO CORPTESO
Ferris Mihial Dean
SVP, Gen Counsel & Corp Sec
Transactions
- Exercise/Conversion
Common Stock
2015-05-10+2,168→ 14,090 total - Exercise/Conversion
Restricted Stock Unit
2015-05-10−2,168→ 0 totalExp: 2015-05-10→ Common Stock (2,168 underlying)
Footnotes (5)
- [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 the 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 the Form 4.
- [F2]The vest date occurred on Sunday, May 10, 2015; therefore, the deemed vest date was Monday, May 11, 2015.
- [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 $12.21.
- [F4]The Company redeemed the RSUs from a grant received by the Reporting Person on May 10, 2012. Under the terms of the Plan, there is no conversion price.
- [F5]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
- May 11, 8:00 PM ET
- Accepted
- May 12, 5:06 PM ET
- Size
- 8.0 KB