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Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2017-03-07 15:05:58
Reporting Period:
Filing Date:
Accepted Time:
2017-03-07 15:05:58
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
1022705 Tesco Corp TESO Oil & Gas Field Machinery & Equipment (3533) 980053204
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1591534 John Dielwart 11330 Clay Road
Suite 350
Houston TX 77041
Yes No 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 2017-03-05 834 $8.70 9,869 No 4 M Direct
Common Stock Disposition 2017-03-05 356 $8.70 9,513 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 2017-03-05 834 $0.00 834 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-03-05 No 4 M Direct
  1. The vest date occured on Sunday, March 5, 2017; therefore, the deemed vest date was Monday, March 6, 2017.
  2. The Reporting Person received shares of common stock of the Company upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Amended and Restated 2005 Tesco Corporation Incentive Plan at US$ 8.70.
  3. The Reporting Person sold shares to cover tax obligations resulting from a RSU vesting.
  4. 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.
  5. The RSUs vest equally over three years on the anniversary of the grant date.