TESCO CORP 4
4 · TESCO CORP · Filed Nov 10, 2015
Insider Transaction Report
Form 4
TESCO CORPTESO
Ferris Mihial Dean
SVP, Gen Counsel & Corp Sec
Transactions
- Exercise/Conversion
Common Stock
2015-11-08+2,867→ 12,131 total - Exercise/Conversion
Restricted Stock Unit
2015-11-07−1,933→ 1,934 totalExp: 2016-11-07→ Common Stock (1,933 underlying) - Exercise/Conversion
Common Stock
2015-11-07+1,933→ 9,264 total - Exercise/Conversion
Restricted Stock Unit
2015-11-08−2,867→ 0 totalExp: 2015-11-08→ Common Stock (2,867 underlying)
Footnotes (8)
- [F1]The vest date occurred on Saturday, November 7, 2015; therefore, the deemed vest date was Monday, November 9, 2015.
- [F2]On November 7, 2013, the Reporting Person received a grant of Restricted Stock Units (RSUs) under the Amended and Restated 2005 Tesco Corporation Incentive 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 common stock of the Company. The defined terms in this footnote are used in other footnotes throughout this Form 4.
- [F3]The Reporting Person received shares of common stock of the Company 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$8.35.
- [F4]The vest date occurred on Sunday, November 8, 2015; therefore, the deemed vest date was Moday, November 9, 2015.
- [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 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 common stock of the Company.
- [F6]The Company redeemed RSUs from a grant received by the Reporting Person on November 7, 2013. Under the terms of the Plan, there is no conversion price.
- [F7]The RSUs vest equally over three years on the anniversary of the grant date.
- [F8]The Company redeemed RSUs from a grant received by the Reporting Person on November 8, 2012. Under the terms of the Plan, there is no conversion price.