X0306 4 2012-11-08 0001022705 TESCO CORP TESO 0001364565 Foster Jeffrey L 3993 W. SAM HOUSTON PARKWAY N. SUITE 100 HOUSTON TX 77043 1 Sr. V.P., Top Drives Option to Purchase 10.0300 2012-11-08 4 A 0 10200.0000 0.0000 A 2019-11-08 Common Stock 10200.0000 10200.0000 D Performance Stock Units - OI 2012-11-08 4 A 0 3400.0000 0.0000 A 2015-12-31 2015-12-31 Common Stock 5100.0000 3400.0000 D Performance Stock Units - TSR 2012-11-08 4 A 0 3400.0000 0.0000 A 2015-12-31 2015-12-31 Common Stock 5100.0000 3400.0000 D Restricted Stock Unit 2012-11-08 4 A 0 5000.0000 0.0000 A 2015-11-08 Common Stock 5000.0000 5000.0000 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). The vesting of all awards is contingent upon the reporting person's continued employment by the Company. 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 November 8, 2013. Each Performance Stock Unit (PSU) may be redeemed, at the Company's discretion, for shares of the Company's common stock or its cash equivalent. This number represents the performance stock units (PSUs) granted. The PSU performance goals are based on the Company's operating income percentage as compared to the Company's budget. Each award has a one-year performance period followed by an additional two-year time-based vesting period. The first performance period is the year ending December 31, 2013. To the extent earned, PSUs will be settled 100 percent in shares. The potential settlement date is December 31, 2015. The reporting person may receive a number of shares of Company common stock from 0 percent to 150 percent of the PSUs granted, depending on the performance level achieved. This number represents the PSUs granted. The PSU performance goals are based on the Company's one-year total shareholder return as compared to the Company's identified peers. Each award has a one-year performance period followed by an additional two-year time-based vesting period. 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 November 8, 2013. Dean Ferris, Attorney-in-fact 2012-11-13