0001225208-16-043146.txt : 20161214
0001225208-16-043146.hdr.sgml : 20161214
20161214112849
ACCESSION NUMBER: 0001225208-16-043146
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161212
FILED AS OF DATE: 20161214
DATE AS OF CHANGE: 20161214
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TESCO CORP
CENTRAL INDEX KEY: 0001022705
STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
IRS NUMBER: 980053204
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: WESTWAY PLAZA, 11330 CLAY ROAD
STREET 2: SUITE 350
CITY: HOUSTON
STATE: TX
ZIP: 77041
BUSINESS PHONE: 713-359-7000
MAIL ADDRESS:
STREET 1: WESTWAY PLAZA, 11330 CLAY ROAD
STREET 2: SUITE 350
CITY: HOUSTON
STATE: TX
ZIP: 77041
FORMER COMPANY:
FORMER CONFORMED NAME: Tesco CORP
DATE OF NAME CHANGE: 20061229
FORMER COMPANY:
FORMER CONFORMED NAME: TESCO CORP
DATE OF NAME CHANGE: 19960911
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Greening Douglas
CENTRAL INDEX KEY: 0001661220
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34090
FILM NUMBER: 162050557
MAIL ADDRESS:
STREET 1: 11330 CLAY ROAD
STREET 2: SUITE 350
CITY: HOUSTON
STATE: TX
ZIP: 77041
4
1
doc4.xml
X0306
4
2016-12-12
0001022705
TESCO CORP
TESO
0001661220
Greening Douglas
11330 CLAY ROAD
SUITE 350
HOUSTON
TX
77041
1
Vice President
Common Stock
2016-12-12
4
M
0
1167.0000
9.2250
A
10529.0000
D
Common Stock
2016-12-13
4
S
0
494.0000
8.8000
D
10035.0000
D
Restricted Stock Unit
2016-12-12
4
M
0
1167.0000
0.0000
D
2016-12-12
2017-12-12
Common Stock
1167.0000
1167.0000
D
The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 9.225.
The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
The shares were sold at the price of US$ 8.80 per share.
Under the terms of the Amended and Restated 2005 Tesco Corporation Incentive Plan, there is no conversion price. Each RSU represents a contingent right to receive one share of TESO common stock.
The Restricted Stock Units (RSUs) vest equally over three years beginning on the anniversary of the grant date.
Brian Kelly, Attorney-in-Fact
2016-12-14