Filing Details
- Accession Number:
- 0001225208-11-020902
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-08-30 15:35:18
- Reporting Period:
- 2011-08-26
- Filing Date:
- 2011-08-30
- Accepted Time:
- 2011-08-30 15:35:18
- 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 |
|---|---|---|---|---|---|---|---|
| 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.
Billionaire Hedge Funds
