TESCO CORP 4
4 · TESCO CORP · Filed Dec 14, 2016
Insider Transaction Report
Form 4
TESCO CORPTESO
Boone Christopher L
SVP, CFO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2016-12-12−3,833→ 3,834 totalExp: 2017-12-12→ Common Stock (3,833 underlying) - Sale
Common Stock
2016-12-13$8.80/sh−1,106$9,733→ 16,544 total - Exercise/Conversion
Common Stock
2016-12-12$9.22/sh+3,833$35,359→ 17,650 total
Footnotes (5)
- [F1]The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 9.225.
- [F2]The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
- [F3]The shares were sold at the price of US$ 8.80 per share.
- [F4]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.
- [F5]The Restricted Stock Units (RSUs) vest equally over three years beginning on the anniversary of the grant date.