X0202
4
2008-06-03
0001022705
TESCO CORP
TESO
0001364332
Kayl Robert L
3993 W. SAM HOUSTON PARKWAY N.
SUITE 100
HOUSTON
TX
77043
1
V.P. & Corporate Controller
Common Stock
2008-06-03
4
M
0
8000
18.74
A
8000
D
Common Stock
2008-06-03
4
S
0
8000
32.73
D
0
D
Option to Purchase
18.74
2008-06-03
4
M
0
8000
0
D
2013-05-18
Common Stock
8000
14000
D
The Reporting Person exercised an option to purchase 8,000 shares from a grant dated May 18, 2006. Based on the noon rate of exchange of the Bank of Canada on the date of exercise (June 3, 2008), the converted price is US $20.89. Based on the closing rate of exchange of the Bank of Canada on the date of the grant, the converted price was US $18.74. The actual exercise price was C $21.00.
Based on the noon rate of exchange of the Bank of Canada on the date of exercise, the sale price is converted to US $32.73. The actual sale price is C $34.00.
Based on the noon rate of exchange of the Bank of Canada on the date of exercise (June 3, 2008), the converted price is US $20.89. Based on the closing rate of exchange of the Bank of Canada on the date of the grant, the converted price was US $18.74. The actual exercise price is C $21.00.
The Option to Purchase vested in three annual installments of 8,500, 8,250 and 8,250 respectively beginning 05/18/2007.
James A. Lank, Attorney-in-Fact
2008-06-05