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