SEC Form 4 · accession 0001225208-16-041552
TESCO CORP · TESO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fernando Rafael Assing
Officer — President & CEO · Director
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 11:59 am 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 | Nov 10, 2016 | S | 850 | $7.3663 | D | 98,251 | D | |
| Common StockF3,F4 | Nov 11, 2016 | S | 2,483 | $7.0754 | D | 95,768 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
- F2The shares were sold in four blocks with prices of US$7.3500, US$ 7.3611, US$ 7.3666, and US$ 7.4000.
- F3The shares were sold pursuant to a 10b5-1 plan dated September 12, 2016.
- F4The shares were sold in five blocks with prices of US$ 7.0000, US$ 7.0500, US$ 7.1000, US$ 7.1500, and US$ 7.2000.