TESCO CORP 4
4 · TESCO CORP · Filed Jun 15, 2017
Insider Transaction Report
Form 4
TESCO CORPTESO
Sloan Thomas B JR
Vice President
Transactions
- Exercise/Conversion
Common Stock
2017-06-13$4.71/sh+500$2,356→ 10,077 total - Exercise/Conversion
Restricted Stock Unit
2017-06-13−500→ 0 totalExp: 2017-06-13→ Common Stock (500 underlying) - Sale
Common Stock
2017-06-14$4.70/sh−170$799→ 9,907 total
Footnotes (3)
- [F1]The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
- [F2]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.
- [F3]The RSUs vest equally over three years on the anniversary of the grant date.