4//SEC Filing
TESCO CORP 4
Accession 0001225208-17-000279
CIK 0001022705operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 2:56 PM ET
Size
9.9 KB
Accession
0001225208-17-000279
Insider Transaction Report
Form 4
TESCO CORPTESO
Mawford Nicholas
Vice President, TCUS
Transactions
- Award
Common Stock
2016-12-31+1,820→ 15,363 total - Sale
Common Stock
2017-01-03$8.25/sh−602$4,967→ 15,069 total - Award
Common Stock
2016-12-31+463→ 15,826 total - Sale
Common Stock
2017-01-03$8.25/sh−155$1,279→ 15,671 total
Footnotes (3)
- [F1]These shares were issued pursuant to the vesting of shares under a performance-based restricted stock unit award granted under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The performance criteria achieved was based upon the Company's total shareholder return growth versus a defined group of 14 peer companies over a one-year period.To determine the number of PSUs available at vesting, the original numbers of shares granted were multiplied by a multiplier earned, from 0-1.5 (0-150 percent) PSU - TSR (Total Shareholder Return) was redeemed with a 1.3 multiplier.
- [F2]These shares were issued pursuant to the vesting of shares under a performance-based restricted stock unit award granted under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The performance criteria achieved was based upon the Company's operating income percentage over one-year period.To determine the number of PSUs available at vesting, the original number of shares granted were multiplied by a multiplier earned, from 0-1.5 (0 - 150 percent). PSU - OI (Operating Income) was redeemed with a 0.331 multiplier.
- [F3]The Reporting Person sold shares to cover tax obligations resulting from a PSU vesting.
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, 2:56 PM ET
- Size
- 9.9 KB