X0305 4 2012-05-10 0001022705 TESCO CORP TESO 0001206739 REYNOLDS JOHN T C/O LIME ROCK PARTNERS 274 RIVERSIDE AVE., 3RD FLOOR WESTPORT CT 06880 1 1 Option to Purchase 14.1900 2012-05-10 4 A 0 7500.0000 0.0000 A 2019-05-10 Common Stock 7500.0000 7500.0000 D Restricted Stock Unit 0.0000 2012-05-10 4 A 0 3500.0000 0.0000 A 2015-05-10 Common Stock 3500.0000 3500.0000 D All awards were granted pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d). This number represents the stock options (Options) granted to the reporting person as a portion of his compensation for serving as an officer or director of the Company. These Options are subject to a three-year vesting period. The Options vest in three equal annual installments beginning May 10, 2013. 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. 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 in three equal annual installments beginning May 10, 2013. Dean Ferris, Attorney-in-fact 2012-05-14