Filing Details
- Accession Number:
- 0001225208-16-043152
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-12-14 11:29:11
- Reporting Period:
- 2016-12-12
- Filing Date:
- 2016-12-14
- Accepted Time:
- 2016-12-14 11:29:11
- SEC Url:
- Form 4 Filing
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 |
---|---|---|---|---|---|---|---|
1635071 | Jr B Thomas Sloan | 11330 Clay Road Suite 350 Houston TX 77041 | Vice President | No | 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 | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2016-12-12 | 1,833 | $9.23 | 10,107 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-12-13 | 530 | $8.80 | 9,577 | 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 | 1,833 | $0.00 | 1,833 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
1,834 | 2017-12-12 | No | 4 | M | Direct |
Footnotes
- The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 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.