SEC Form 4 · accession 0001225208-16-023259
TESCO CORP · TESO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas Mawford
Officer — Vice President, TCUS
Period of report
Dec 31, 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 StockF2 | Dec 31, 2015 | M | 4,550 | $0.00 | A | 11,302 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The common stock was granted pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d).
- F2The Reporting Person received the common stock as a result of a vesting of Performance Stock Units that were awarded November 8, 2012. 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.