X0306 4 2014-08-10 0001022705 TESCO CORP TESO 0001464287 ASSING FERNANDO RAFAEL 3993 W. SAM HOUSTON PARKWAY N. SUITE 100 HOUSTON TX 77043 1 Exec. VP & COO Common Stock 2014-08-10 2014-08-11 4 M 0 4734.0000 0.0000 A 41578.0000 D Restricted Stock Unit 2014-08-10 2014-08-11 4 M 0 4734.0000 0.0000 D 2014-08-10 Common Stock 4734.0000 0.0000 D The vest date occurred Sunday, August 10; therefore the deemed vest date was the following business day, Monday, August 11. On August 10, 2011, the Reporting Person received a grant of Restricked Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). The RSUs vested on the anniversary date of a grant. Under the terms of the Plan, the cmpany redeemed the vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4. The Reporting Person received shares of the company's common stock 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 Plan at US $19.51. The Company redeemed RSUs from a grant received by the Reporting Person on August 10, 2011. Under the terms of the Plan, there was no conversion price. The RSUs vested equally over three years on the anniversary of the grant date. Dean Ferris, Attorney-in-fact 2014-08-12