Home > Insider Trading > Filing (0001225208-11-020902)

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
1467470	Jurgen Dietmar Neidhardt	3993 W. Sam Houston Parkway N. Suite 100 Houston TX 77043	Svp Casing Drilling	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	2011-08-26	2,833	$0.00	4,863	No	4	M	Direct
Common Stock	Disposition	2011-08-26	1,500	$15.44	3,363	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	2011-08-26	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		2012-08-26	No	4	M	Direct

Footnotes

On August 26, 2009, the Reporting Person received a grant of Restricted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan (the "Plan"). The RSUs vested on the anniversary date of a 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 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$ 15.29.
The shares sold at an average price of US $15.4362. The shares sold in six (6) blocks ranging in price from $15.4006 to $15.46.
The Company redeemed RSUs from a grant received by the Reporting Person on August 26, 2009. Under the terms of the Plan, there was no conversion price.
The RSUs vest equally over three years on the anniversary of the grant date.