TESCO CORP|4Jan 4, 5:56 PM ET

TESCO CORP 4

4 · TESCO CORP · Filed Jan 4, 2016

Form 4

Period: 2015-12-31

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 total
From: 2015-12-31Exp: 2015-12-31→ Common Stock (6,627 underlying)
Exercise/Conversion
Performance Stock Units - TSR
2015-12-31−8,550→ 0 total
From: 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.

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