TESCO CORP 4
4 · TESCO CORP · Filed Dec 6, 2016
Insider Transaction Report
Form 4
TESCO CORPTESO
KOTT GARY L
Director
Transactions
- Exercise/Conversion
Common Stock
2016-12-04$7.73/sh+4,166$32,203→ 17,634 total - Exercise/Conversion
Restricted Stock Unit
2016-12-04−4,166→ 8,334 totalFrom: 2016-12-04Exp: 2018-12-04→ Common Stock (4,166 underlying)
Footnotes (4)
- [F1]The vest date occurred on Sunday, December 4, 2016; therefore, the deemed vest date was Monday, December 5, 2016.
- [F2]The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 7.73.
- [F3]Under the terms of the Amended and Restated 2005 Tesco Corporation Incentive Plan, there is no conversion price. Each RSU represents a contingent right to receive one share of TESO common stock.
- [F4]The RSUs vest equally over three years on the anniversary of the grant date.