X0306 4 2013-03-12 0001022705 TESCO CORP TESO 0001206739 REYNOLDS JOHN T C/O LIME ROCK PARTNERS 274 RIVERSIDE AVE., 3RD FLOOR WESTPORT CT 06880 1 1 Common Stock 2013-03-12 4 M 0 1400.0000 0.0000 A 6466.0000 D Common Stock 6877799.0000 I By LRP V Luxembourg Holdings S.a r.l. Restricted Stock Unit 2013-03-12 4 M 0 1400.0000 0.0000 D 2014-03-12 Common Stock 1400.0000 0.0000 D On March 12, 2010, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). The third and final tranche of the RSUs vested on the third anniversary of the date of the grant. Under the terms of the Plan, the Company redeemed the vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4. The Reporting Person received shares of the Company's common stock 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$ 13.69. The Company redeemed RSUs from a grant received by the Reporting Person on March 12, 2010. Under the terms of the Plan, there was no conversion price. The RSUs vested equally over three years on the anniversary of the grant date. The expiration date was incorrectly entered as March 12, 2014 at the time of grant. The RSUs vested equally over the first three anniversary dates and expired with the final vesting on March 12, 2013. Dean Ferris, Attorney-in-fact 2013-03-14