Filing Details
- Accession Number:
- 0001225208-17-000279
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-01-04 14:56:10
- Reporting Period:
- 2016-12-31
- Filing Date:
- 2017-01-04
- Accepted Time:
- 2017-01-04 14:56:10
- 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 |
|---|---|---|---|---|---|---|---|
| 1660535 | Nicholas Mawford | 11330 Clay Road Suite 350 Houston TX 77041 | Vice President, Tcus | 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 | 2016-12-31 | 1,820 | $0.00 | 15,363 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2016-12-31 | 463 | $0.00 | 15,826 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2017-01-03 | 155 | $8.25 | 15,671 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-01-03 | 602 | $8.25 | 15,069 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Footnotes
- These shares were issued pursuant to the vesting of shares under a performance-based restricted stock unit award granted under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The performance criteria achieved was based upon the Company's total shareholder return growth versus a defined group of 14 peer companies over a one-year period.To determine the number of PSUs available at vesting, the original numbers of shares granted were multiplied by a multiplier earned, from 0-1.5 (0-150 percent) PSU - TSR (Total Shareholder Return) was redeemed with a 1.3 multiplier.
- These shares were issued pursuant to the vesting of shares under a performance-based restricted stock unit award granted under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The performance criteria achieved was based upon the Company's operating income percentage over one-year period.To determine the number of PSUs available at vesting, the original number of shares granted were multiplied by a multiplier earned, from 0-1.5 (0 - 150 percent). PSU - OI (Operating Income) was redeemed with a 0.331 multiplier.
- The Reporting Person sold shares to cover tax obligations resulting from a PSU vesting.
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