TESCO CORP 4
4 · TESCO CORP · Filed Jan 4, 2017
Insider Transaction Report
Form 4
TESCO CORPTESO
Greening Douglas
Vice President, TCII
Transactions
- Sale
Common Stock
2017-01-03$8.25/sh−150$1,238→ 10,249 total - Award
Common Stock
2016-12-31+364→ 10,399 total
Footnotes (2)
- [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 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.
- [F2]The Reporting Person sold shares to cover tax obligations resulting from a PSU vesting.