X0306 4 2015-12-18 0001022705 TESCO CORP TESO 0001464287 ASSING FERNANDO RAFAEL 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 1 President & CEO Common Stock 2015-12-18 4 S 0 6913.0000 7.0841 D 75492.0000 D Common Stock 2015-12-19 2015-12-21 4 M 0 6667.0000 0.0000 A 82159.0000 D Restricted Stock Unit 0.0000 2015-12-19 2015-12-21 4 M 0 6667.0000 0.0000 D 2017-12-19 Common Stock 6667.0000 13333.0000 D The Reporting Person sold shares to cover the payroll tax obligations that resulted from the vesting of Restricted Stock Units. The shares sold in 5 blocks ranging in price from US $7.0176 to $7.0942. The vest date occurred on Saturday, December 19, 2015; therefore, the deemed vest date was Monday, December 21. On December 19, 2014, the Reporting Person received a grant of Restricted Stock Units (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 common stock of the Company. 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 Plan at US $7.10. The Company redeemed RSUs from a grant received by the Reporting Person on December 19, 2014. Under the terms of the Plan, there is no conversion price. On December 19, 2014, the Reporting Person received a grant of Restricted Stock Units (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 common stock of the Company. The RSUs vest equally over three years on the anniversary of the grant date. Chris Boone, Attorney-in-fact 2015-12-21