X0306 4 2016-12-12 0001022705 TESCO CORP TESO 0001660438 Irausquin Michael 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 Vice President Common Stock 2016-12-12 4 M 0 1167.0000 9.2250 A 3137.0000 D Common Stock 2016-12-13 4 S 0 339.0000 8.8000 D 2798.0000 D Restricted Stock Unit 2016-12-12 4 M 0 1167.0000 0.0000 D 2016-12-12 2017-12-12 Common Stock 1167.0000 1167.0000 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$ 9.225. The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting. The shares were sold at the price of US$ 8.80 per share. 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 Restricted Stock Units (RSUs) vest equally over three years beginning on the anniversary of the grant date. Brian Kelly, Attorney-in-Fact 2016-12-14