TESCO CORP 4

4 · TESCO CORP · Filed May 18, 2017

Form 4

Period: 2017-05-16

Director

Transactions

Exercise/Conversion
Common Stock
2017-05-16$5.05/sh+8,334$42,087→ 28,801 total
Exercise/Conversion
Restricted Stock Unit
2017-05-16−5,300→ 0 total
From: 2017-11-01Exp: 2019-11-01→ Common Stock (5,300 underlying)
Exercise/Conversion
Restricted Stock Unit
2017-05-16−2,834→ 0 total
From: 2015-12-12Exp: 2017-12-12→ Common Stock (2,834 underlying)
Exercise/Conversion
Common Stock
2017-05-16$5.05/sh+2,834$14,312→ 36,935 total
Exercise/Conversion
Restricted Stock Unit
2017-05-16−8,334→ 0 total
From: 2016-12-04Exp: 2018-12-04→ Common Stock (8,334 underlying)
Exercise/Conversion
Common Stock
2017-05-16$5.05/sh+5,300$26,765→ 34,101 total

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. Kott's May 16, 2017 retirement.
[F3]The restricted stock units were granted on December 4, 2015 with vesting to occur in three equal annual installments beginning December 4, 2016. Vesting of the remaining shares of this grant were accelerated by approval of the Board of Directors upon Mr. Kott'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. Kott's May 16, 2017 retirement.

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