SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Quintana Julio M

(Last)

(First)

(Middle)

3993 W. SAM HOUSTON PARKWAY N.

SUITE 100

(Street)

HOUSTON

77043

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2007

3. Issuer Name and Ticker or Trading Symbol
TESCO CORP [ TESOF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	17,264⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to Purchase	08/25/2004	08/25/2011	Common Stock	200,000	$9.08⁽²⁾	D
Option to Purchase	⁽³⁾	05/13/2012	Common Stock	60,000	$9.1⁽⁴⁾	D
Option to Purchase	⁽⁵⁾	05/18/2013	Common Stock	50,000	$18.74⁽⁶⁾	D

Explanation of Responses:

1. Includes 4,264 shares of Common Stock acquired through Tesco Corporation's Employee Stock Savings Plan, based on a statement dated 11/30/2006.

2. The exercise price was converted from $11.85 Cdn using the closing rate of exchange of the Bank of Canada on the date of grant.

3. The Option to Purchase vests in three annual installments of 20,400, 19,800 and 19,800 respectively beginning 05/13/2006.

4. The exercise price was converted from $11.52 Cdn using the closing rate of exchange of the Bank of Canada on the date of grant.

5. The Option to Purchase vests in three annual installments of 17,000, 16,500 and 16,500 respectively beginning 05/18/2007.

6. The exercise price was converted from $21.00 Cdn using the closing rate of exchange of the Bank of Canada on the date of grant.

	Julio Quintana	01/05/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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