X0306 4 2016-01-01 0001022705 TESCO CORP TESO 0001434749 Boone Christopher L 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 SVP, CFO Common Stock 2016-01-01 2016-01-04 4 M 0 2533.0000 0.0000 A 6868.0000 D Restricted Stock Unit 2016-01-01 2016-01-04 4 M 0 2533.0000 0.0000 D 2017-01-01 Common Stock 2533.0000 2534.0000 D On January 1, 2014, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated Tesco Corporation Incentive Plan. The RSUs vested on the anniversary 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 vest date occurred on Friday, January 1, 2016; therefore, the deemed vest date was Monday, January 4, 2016. 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 $7.34. The Company redeemed RSUs from a grant received by the Reporting Person on January 1, 2014. Under the terms of the Plan, there is no conversion price. The RSUs vest equally over three years on the anniversary of the grant date. /s/ Christopher Laird Boone 2016-01-04