X0306 4 2014-12-06 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 2014-12-06 2014-12-08 4 M 0 5543.0000 0.0000 A 51002.0000 D Restricted Stock Unit 2014-12-06 2014-12-08 4 M 0 5543.0000 0.0000 D 2016-12-06 Common Stock 5543.0000 11087.0000 D The vest date occurred on Saturday, December 6, 2014; therefore, the deemed vest date was Monday, December 8, 2014. On December 6, 2014, the Reporting Person received a grant of RSUs under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The RSUs vested on the anniversary date of the grant. Under the terms of the plan, the Company redeemed the vested RSUs for an equal number of shares of the Company's common stock. 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$13.24. The company redeemed RSUs from a grant received by the Reporting Person on December 6, 2013. Under the terms of the Plan, there is no conversion price. On December 6, 2013, the Reporting Person received a grant of Restrickted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan ("the Plan"). The RSUs vested on the anniversary date of the grant. Under the terms of the Plan, the company 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 RSUs vest equally over three years of the anniversary date of the grant date. Dean Ferris, Attorney-in-fact 2014-12-09