SEC Form 4 · accession 0001225208-16-023829
TESCO CORP · TESO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Irausquin
Officer — Vice President, TCUS
Period of report
Jan 5, 2016
Accepted (ET)
Jan 6, 2016 · 5:58 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,F2 | Jan 5, 2016 | S | 1,041 | $7.3527 | D | 3,589 | 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 resulting from the vesting of Performance Stock Units.
- F2The shares sold in two blocks, whose price was US $7.3526 and $7.3527.