X0306 4 2016-12-06 0001022705 TESCO CORP TESO 0001464287 ASSING FERNANDO RAFAEL 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 1 President & CEO Common Stock 2016-12-06 4 M 0 5544.0000 8.4750 A 126212.0000 D Common Stock 2016-12-06 4 S 0 6492.0000 8.1600 D 119720.0000 D Common Stock 2016-12-07 4 S 0 1502.0000 8.6000 D 118218.0000 D Common Stock 2016-12-07 4 S 0 18408.0000 8.5025 D 99810.0000 D Common Stock 2016-12-08 4 S 0 4042.0000 8.5117 D 95768.0000 D Restricted Stock Unit 2016-12-06 4 M 0 5544.0000 0.0000 D 2016-12-06 Common Stock 5544.0000 0.0000 D 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 Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 8.475. The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting on December 5, 2016. The shares were sold at the price of US$ 8.16 per share. The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting on December 6, 2016. The shares were sold at the price of US$ 8.60 per share. The shares were sold pursuant to a 10b5-1 plan dated September 12, 2016. The shares were sold in six blocks with prices of US$ 8.4000, US$ 8.4500, US$ 8.5000, US$ 8.5500, US$ 8.6000, US$ 8.6500. The shares were sold in four blocks with prices of US$ 8.4500, US$ 8.5000, US$ 8.5500, US$ 8.6000. Under the terms of the Amended and Restated 2005 Tesco Corporation Incentive Plan, there is no conversion price. Each RSU represents a contingent right to receive one share of TESO common stock. The RSUs vest equally over three years on the anniversary of the grant date. Brian Kelly, Attorney-in-Fact 2016-12-08