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^*

Mawford Nicholas

(Last)

(First)

(Middle)

11330 CLAY ROAD

SUITE 350

(Street)

HOUSTON

77041

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/04/2015

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President, TCUS

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	7,273	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	12/04/2016⁽¹⁾	12/04/2022	Common Stock	10,800	$8.52	D
Option to Purchase	12/04/2015⁽²⁾	11/08/2019	Common Stock	4,134	$10.03	D
Option to Purchase	⁽³⁾	12/12/2021	Common Stock	6,600	$12.22	D
Option to Purchase	12/04/2015⁽⁴⁾	05/10/2019	Common Stock	2,334	$14.19	D
Option to Purchase	⁽⁵⁾	11/07/2020	Common Stock	4,600	$18.06	D
Restricted Stock Unit	11/07/2016⁽⁶⁾	11/07/2016	Common Stock	700	⁽⁷⁾	D
Restricted Stock Unit	12/04/2016⁽⁸⁾	12/04/2018	Common Stock	6,800	⁽⁷⁾	D
Restricted Stock Unit	12/12/2016⁽⁹⁾	12/12/2017	Common Stock	3,667	⁽⁷⁾	D

Explanation of Responses:

1. The options begin vesting in three equal annual installments on 12/4/2016.

2. The options began vesting in three equal annual installments on 11/8/2013.

3. The options began vesting in three equal annual installments on 12/12/2015.

4. The options began vesting in three equal annual installments on 5/10/2015.

5. The options began vesting in three equal annual installments on 11/7/2014.

6. The RSUs began vesting in three equal annual installments on 11/7/2014.

7. Each Restricted Stock Unit may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.

8. The RSUs begin vesting in three equal annual installments on 12/4/2016.

9. The RSUs began vesting in three equal annual installments on 12/12/2015.

	Chris Boone, Attorney-in-fact	12/17/2015
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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