4//SEC Filing
Greening Douglas 4
Accession 0001225208-17-018302
CIK 0001022705other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 2:37 PM ET
Size
8.8 KB
Accession
0001225208-17-018302
Insider Transaction Report
Form 4
TESCO CORPTESO
Greening Douglas
Vice President, TCII
Transactions
- Exercise/Conversion
Restricted Stock Unit
2017-12-04−2,267→ 2,267 totalFrom: 2016-12-04Exp: 2018-12-04→ Common Stock (2,267 underlying) - Sale
Common Stock
2017-12-05$4.20/sh−1,123$4,717→ 13,528 total - Exercise/Conversion
Common Stock
2017-12-04$4.38/sh+2,267$9,918→ 14,651 total
Footnotes (5)
- [F1]The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 4.375
- [F2]The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
- [F3]The shares were sold at the price of US$ 4.20 per share.
- [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 Restricted Stock Units (RSUs) vest equally over three years beginning on the anniversary of the grant date.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeother
Related Parties
1- filerCIK 0001661220
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 2:37 PM ET
- Size
- 8.8 KB