Home > Insider Trading > Filing (0001225208-16-043145)

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
1591534	John Dielwart	11330 Clay Road Suite 350 Houston TX 77041		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-12-12	2,833	$9.23	10,125	No	4	M	Direct
Common Stock	Disposition	2016-12-13	1,090	$8.80	9,035	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	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	2016-12-12	2,833	$0.00	2,833	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,834		2017-12-12	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$ 9.225.
The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
The shares were sold at the price of US$ 8.80 per share.
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 Restricted Stock Units (RSUs) vest equally over three years beginning on the anniversary of the grant date.