SEC Form 4 · accession 0001225208-16-043641
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
Dec 21, 2016
Accepted (ET)
Dec 21, 2016 · 3:26 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 | Dec 21, 2016 | S | 1,782 | $9.05 | D | 117,226 | D | |
| Common StockF3,F4 | Dec 21, 2016 | S | 2,442 | $9.0111 | D | 114,784 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
- F2The shares were sold at the price of US$ 9.05 per share.
- F3The shares were sold pursuant to a 10b5-1 plan dated September 12, 2016.
- F4The shares were sold in three blocks with prices of US$ 8.9785, US$ 8.9948, US$ 9.0500.