SEC Form 4 · accession 0001225208-15-022424

TESCO CORP · TESO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jun 14, 2010

Accepted (ET)

Dec 15, 2015 · 7:38 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001022705

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jun 14, 2010	G	733	$0.00	D	13,366	D
Common Stock^F2,F4	Dec 12, 2015	M	2,833	$0.00	A	28,033	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F5,F6	—	Dec 12, 2015	M	2,833	D	Dec 12, 2015	Dec 12, 2017	Common Stock	2,833	5,667	D

F1Reporting Person gifted these shares and all rights to a Charitable Trust at no cost to the Trust.
F2The vest date occurred on Saturday, December 12, 2015; therefore, the deemed vest date was Monday, December 14.
F3On December 12, 2014, the Reporting Person received a grant of Restricted Stock Units (RSUs) under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The RSUs vested on the anniversary date of the grant. Under the terms of the Plan, the Company redeemed the vested RSUs for an equal number of shares of common stock of the Company.
F4The 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 Plan at US $7.27.
F5The Company redeemed RSUs from a grant received by the Reporting Person on December 12, 2014. Under the terms of the Plan, there is no conversion price.
F6The RSUs vest equally over three years on the anniversary of the grant date.