SEC Form 4 · accession 0001225208-16-023254
TESCO CORP · TESO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Greening
Officer — Vice President, TCII
Period of report
Dec 30, 2015
Accepted (ET)
Jan 4, 2016 · 5:56 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 StockF1 | Dec 30, 2015 | M | 345 | $7.2696 | D | 6,283 | D | |
| Common StockF3,F4 | Dec 31, 2015 | M | 775 | $0.00 | A | 7,058 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person sold shares to cover the payroll tax obligations that resulted from the vesting of Restricted Stock Units.
- F2All awards were granted pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d).
- F3This common stock acquisition is related to the vesting of Performance Stock Units awarded to the Reporting Insider on November 8, 2012.
- F4The Reporting Person received shares of the Company's common stock upon the vesting and redemption of an equal number of PSU - TSRs. 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 $7.29.