4//SEC Filing
TESCO CORP 4
Accession 0001225208-17-010035
CIK 0001022705operating
Filed
May 17, 8:00 PM ET
Accepted
May 18, 3:17 PM ET
Size
14.5 KB
Accession
0001225208-17-010035
Insider Transaction Report
Form 4
TESCO CORPTESO
Dyment Fred J
Director
Transactions
- Exercise/Conversion
Common Stock
2017-05-16$5.05/sh+5,300$26,765→ 36,433 total - Exercise/Conversion
Restricted Stock Unit
2017-05-16−8,334→ 0 totalFrom: 2016-12-04Exp: 2018-12-04→ Common Stock (8,334 underlying) - Exercise/Conversion
Common Stock
2017-05-16$5.05/sh+8,334$42,087→ 31,133 total - Exercise/Conversion
Restricted Stock Unit
2017-05-16−5,300→ 0 totalFrom: 2017-11-01Exp: 2019-11-01→ Common Stock (5,300 underlying) - Exercise/Conversion
Common Stock
2017-05-16$5.05/sh+2,834$14,312→ 39,267 total - Exercise/Conversion
Restricted Stock Unit
2017-05-16−2,834→ 0 totalFrom: 2015-12-12Exp: 2017-12-12→ Common Stock (2,834 underlying)
Footnotes (4)
- [F1]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.
- [F2]The restricted stock units were granted on November 1, 2016 with vesting to occur in three equal annual installments beginning November 1, 2017. Vesting of the remaining shares of this grant were accelerated by approval of the Board of Directors upon Mr. Dyment's May 16, 2017 retirement.
- [F3]The restricted stock units were granted on December 14, 2015 with vesting to occur in three equal annual installments beginning December 14, 2016. Vesting of the remaining shares of this grant were accelerated by approval of the Board of Directors upon Mr. Dyment's May 16, 2017 retirement.
- [F4]The restricted stock units were granted on December 12, 2014 with vesting to occur in three equal annual installments beginning December 12, 2015. Vesting of the remaining shares of this grant were accelerated by approval of the Board of Directors upon Mr. Dyment's May 16, 2017 retirement.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeoperating
Related Parties
1- filerCIK 0001022705
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 3:17 PM ET
- Size
- 14.5 KB