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Filing Details

Accession Number:: 0001225208-15-022787
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-12-21 17:26:27
Reporting Period:: 2015-12-18

Filing Date:: 2015-12-21
Accepted Time:: 2015-12-21 17:26:27
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
1464287	Rafael Fernando Assing	11330 Clay Road Suite 350 Houston TX 77041	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2015-12-18	6,913	$7.08	75,492	No	4	S	Direct
Common Stock	Acquisiton	2015-12-19	6,667	$0.00	82,159	No	4	M	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2015-12-19	6,667	$0.00	6,667	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,333		2017-12-19	No	4	M	Direct

Footnotes

The Reporting Person sold shares to cover the payroll tax obligations that resulted from the vesting of Restricted Stock Units.
The shares sold in 5 blocks ranging in price from US $7.0176 to $7.0942.
The vest date occurred on Saturday, December 19, 2015; therefore, the deemed vest date was Monday, December 21.
On December 19, 2014, the Reporting Person received a grant of Restricted Stock Units (RSUs) under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The RSUs vested on the anniversary date of the grant. Under the terms of the Plan, the Company redeemed the vested RSUs for an equal number of shares of common stock of the Company.
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 Plan at US $7.10.
The Company redeemed RSUs from a grant received by the Reporting Person on December 19, 2014. Under the terms of the Plan, there is no conversion price.
On December 19, 2014, the Reporting Person received a grant of Restricted Stock Units (RSUs) under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The RSUs vested on the anniversary date of the grant. Under the terms of the Plan, the Company redeemed the vested RSUs for an equal number of shares of common stock of the Company.
The RSUs vest equally over three years on the anniversary of the grant date.