4//SEC Filing
TESCO CORP 4
Accession 0001225208-15-021954
CIK 0001022705operating
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 5:16 PM ET
Size
8.5 KB
Accession
0001225208-15-021954
Insider Transaction Report
Form 4
TESCO CORPTESO
Sloan Thomas B JR
Vice President
Transactions
- Award
Restricted Stock Unit
2015-12-04+22,000→ 22,000 totalFrom: 2016-12-04Exp: 2018-12-04→ Common Stock (22,000 underlying) - Award
Option to Purchase
2015-12-04+16,200→ 16,200 totalExercise: $8.52From: 2016-12-04Exp: 2022-12-04→ Common Stock (16,200 underlying)
Footnotes (5)
- [F1]All awards were granted (i) on December 4, 2015 to the Reporting Person as a portion of his compensation for serving as an officer or director of the Company; and (ii) pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d). The vesting of all awards is contigent upon the Reporting Person's continued employment by or service as a Director to the Company.
- [F2]This number represents the stock options (Options) granted to the Reporting Person as a portion of his compensation for serving as an officer of the Company. These Options are subject to a three-year vesting period.
- [F3]The Options and RSUs vest equally over three years beginning December 4, 2016.
- [F4]Each Restricted Stock Unit (RSU) may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.
- [F5]This number represents the RSUs granted. These RSUs are subject to a three year vesting period. RSUs are calculated on a one-for-one share basis. Each RSU may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeoperating
Related Parties
1- filerCIK 0001022705
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 5:16 PM ET
- Size
- 8.5 KB