TESCO CORP 4
4 · TESCO CORP · Filed Mar 7, 2017
Insider Transaction Report
Form 4
TESCO CORPTESO
Dielwart John
Director
Transactions
- Exercise/Conversion
Common Stock
2017-03-05$8.70/sh+834$7,256→ 9,869 total - Sale
Common Stock
2017-03-05$8.70/sh−356$3,097→ 9,513 total - Exercise/Conversion
Restricted Stock Unit
2017-03-05−834→ 0 totalExp: 2017-03-05→ Common Stock (834 underlying)
Footnotes (5)
- [F1]The vest date occured on Sunday, March 5, 2017; therefore, the deemed vest date was Monday, March 6, 2017.
- [F2]The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 8.70.
- [F3]The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
- [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 RSUs vest equally over three years on the anniversary of the grant date.