4//SEC Filing
TESCO CORP 4
Accession 0001225208-15-014086
CIK 0001022705operating
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 5:08 PM ET
Size
8.0 KB
Accession
0001225208-15-014086
Insider Transaction Report
Form 4
TESCO CORPTESO
Sloan Thomas B JR
Vice President
Transactions
- Exercise/Conversion
Common Stock
2015-06-13+500→ 500 total - Exercise/Conversion
Restricted Stock Unit
2015-06-13−500→ 1,000 totalExp: 2017-06-13→ Common Stock (500 underlying)
Footnotes (5)
- [F1]On June 13, 2014, 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 Saturday, June 13, 2015; therefore, the deemed vest date was Monday, June 15, 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 $12.00.
- [F4]The Company redeemed the RSUs from a grant received by the Reporting Person on June 13, 2014. 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
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 5:08 PM ET
- Size
- 8.0 KB