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
  1. 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.
  2. 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.
  3. The Reporting Person sold shares to cover tax obligations resulting from a PSU vesting.