X0306 4 2016-11-01 0001022705 TESCO CORP TESO 0001112506 KOTT GARY L 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 Restricted Stock Unit 2016-11-01 4 A 0 5300.0000 0.0000 A 2017-11-01 2019-11-01 Common Stock 5300.0000 5300.0000 D Each Restricted Stock Unit (RSU) may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent. All awards were granted (i) on November 1, 2016 to the Reporting Person as a portion of his compensation for serving as an officer or director of the Company; and (ii) pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d). The vesting of all awards is contingent upon the Reporting Person's continued employment by or service as a Director to the Company. This number represents the restricted stock units (RSUs) granted. These RSUs are subject to a three-year vesting period. RSUs are calculated on a one-for-one share basis. Each RSU may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent. The RSUs vest equally over three years on the anniversary of the grant date. Brian Kelly, Attorney-in-Fact 2016-11-03