0001225208-17-005715.txt : 20170307 0001225208-17-005715.hdr.sgml : 20170307 20170307150558 ACCESSION NUMBER: 0001225208-17-005715 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170305 FILED AS OF DATE: 20170307 DATE AS OF CHANGE: 20170307 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: Dielwart John CENTRAL INDEX KEY: 0001591534 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34090 FILM NUMBER: 17671664 MAIL ADDRESS: STREET 1: 5320 LEGACY DR. CITY: PLANO STATE: TX ZIP: 75024 4 1 doc4.xml X0306 4 2017-03-05 0001022705 TESCO CORP TESO 0001591534 Dielwart John 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 Common Stock 2017-03-05 2017-03-06 4 M 0 834.0000 8.7000 A 9869.0000 D Common Stock 2017-03-05 2017-03-06 4 S 0 356.0000 8.7000 D 9513.0000 D Restricted Stock Unit 2017-03-05 2017-03-06 4 M 0 834.0000 0.0000 D 2017-03-05 Common Stock 834.0000 0.0000 D The vest date occured on Sunday, March 5, 2017; therefore, the deemed vest date was Monday, March 6, 2017. 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$ 8.70. The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting. 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 RSUs vest equally over three years on the anniversary of the grant date. Brian Kelly, Attorney-in-Fact 2017-03-07