4//SEC Filing
TESCO CORP 4
Accession 0001225208-16-023256
CIK 0001022705operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:56 PM ET
Size
11.0 KB
Accession
0001225208-16-023256
Insider Transaction Report
Form 4
TESCO CORPTESO
Ferris Mihial Dean
SVP, Gen Counsel & Corp Sec
Transactions
- Exercise/Conversion
Common Stock
2015-12-31+8,550→ 22,616 total - Exercise/Conversion
Common Stock
2015-12-31+4,418→ 27,034 total - Exercise/Conversion
Performance Stock Units - OI
2015-12-31−4,418→ 0 totalFrom: 2015-12-31Exp: 2015-12-31→ Common Stock (6,627 underlying) - Exercise/Conversion
Performance Stock Units - TSR
2015-12-31−8,550→ 0 totalFrom: 2015-12-31Exp: 2015-12-31→ Common Stock (12,825 underlying)
Footnotes (4)
- [F1]All awards were granted pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d).
- [F2]The Reporting Person received shares of the Company's common stock upon the vesting and redemption of an equal number of PSU awards. 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 $7.29.
- [F3]To determine the number of PSUs available at vesting, the original shares granted were multiplied by a multiplier earned, from 0-1.5 (0-150%). PSU-OI awards were redeemed with a 0.775 multiplier.
- [F4]To determine the number of PSUs available at vesting, the original shares granted were multiplied by a multiplier earned, from 0-1.5 (0-150%). PSU-TSR awards were redeemed with a 1.5 multiplier.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeoperating
Related Parties
1- filerCIK 0001022705
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:56 PM ET
- Size
- 11.0 KB