Home > Insider Trading > Filing (0001225208-16-042874)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1022705	Tesco Corp	TESO	Oil & Gas Field Machinery & Equipment (3533)	980053204

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1464287	Rafael Fernando Assing	11330 Clay Road Suite 350 Houston TX 77041	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-12-06	5,544	$8.48	126,212	No	4	M	Direct
Common Stock	Disposition	2016-12-06	6,492	$8.16	119,720	No	4	S	Direct
Common Stock	Disposition	2016-12-07	1,502	$8.60	118,218	No	4	S	Direct
Common Stock	Disposition	2016-12-07	18,408	$8.50	99,810	No	4	S	Direct
Common Stock	Disposition	2016-12-08	4,042	$8.51	95,768	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2016-12-06	5,544	$0.00	5,544	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2016-12-06	No	4	M	Direct

Footnotes

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$ 8.475.
The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting on December 5, 2016.
The shares were sold at the price of US$ 8.16 per share.
The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting on December 6, 2016.
The shares were sold at the price of US$ 8.60 per share.
The shares were sold pursuant to a 10b5-1 plan dated September 12, 2016.
The shares were sold in six blocks with prices of US$ 8.4000, US$ 8.4500, US$ 8.5000, US$ 8.5500, US$ 8.6000, US$ 8.6500.
The shares were sold in four blocks with prices of US$ 8.4500, US$ 8.5000, US$ 8.5500, US$ 8.6000.
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 RSUs vest equally over three years on the anniversary of the grant date.