4//SEC Filing
Tessari Robert M 4
Accession 0001225208-07-003100
CIK 0001022705other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 7:14 PM ET
Size
16.9 KB
Accession
0001225208-07-003100
Insider Transaction Report
Form 4
TESCO CORPTESOF
Tessari Robert M
Director
Transactions
- Exercise of In-Money
Common Stock
2007-03-21$10.43/sh+50,000$521,500→ 143,554 total - Exercise of In-Money
Option to Purchase
2007-03-21−40,000→ 20,000 totalExercise: $7.18Exp: 2011-05-06→ Common Stock (40,000 underlying) - Exercise of In-Money
Option to Purchase
2007-03-21−50,000→ 0 totalExercise: $10.43Exp: 2008-05-15→ Common Stock (50,000 underlying) - Exercise of In-Money
Option to Purchase
2007-03-21−20,000→ 40,000 totalExercise: $9.10Exp: 2012-05-13→ Common Stock (20,000 underlying) - Exercise of In-Money
Common Stock
2007-03-21$9.10/sh+20,000$182,000→ 203,554 total - Exercise of In-Money
Common Stock
2007-03-21$7.18/sh+40,000$287,200→ 183,554 total
Footnotes (10)
- [F1]The Reporting Person exercised an option to purchase 50,000 shares from a grant dated on 05/15/2003. The exercise price was C$14.42. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (03/21/2007), the converted price is $12.48 USD. Based on the closing rate of exchange of the Bank of Canada on the date of grant, the converted price was $10.43 USD.
- [F10]The Option to Purchase vested in three annual installments of 17,000, 16,500 and 16,500 respectively beginning 05/15/2004.
- [F2]Includes 2,612 shares held in Reporting Person's name in the Company's Employee Stock Savings Plan.
- [F3]The Reporting Person exercised an option to purchase 40,000 shares from a grant dated May 6, 2004. The exercise price was C$9.89. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (03/21/2007), the converted price is $8.56 USD. Based on the closing rate of exchange of the Bank of Canada on the date of grant, the converted price was $7.18 USD.
- [F4]The Reporting Person exercised an option to purchase 20,000 shares from a grant dated May 13, 2005. The exercise price was C$11.52. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (03/21/2007), the converted price is $9.97 USD. Based on the closing rate of exchange of the Bank of Canada on the date of grant, the converted price was $9.10 USD.
- [F5]Based on the closing rate of exchange of the Bank of Canada on the date of grant, the exercise price was converted to $7.18 USD. The actual exercise price was C$9.89. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (03/21/2007), the converted price is $8.56 USD.
- [F6]The Option to Purchase vests in three annual installments of 20,400, 19,800 and 19,800 respectively beginning 05/06/2005.
- [F7]Based on the closing rate of exchange of the Bank of Canada on the date of grant, the exercise price was converted to $9.10 USD. The actual exercise price was C$11.52. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (03/21/2007), the converted price is $9.97 USD.
- [F8]The Option to Purchase vested in three annual installments of 20,400, 19,800 and 19,800 respectively beginning 05/13/2006.
- [F9]Based on the closing rate of exchange of the Bank of Canada on the date of grant, the exercise price was converted to $10.43 USD. The actual exercise price, however is C$14.42. Based on the closing rate of exchange of the Bank of Canada on the date of exercise (03/21/2007), the converted exercise price is $12.48 USD.
Documents
Issuer
TESCO CORP
CIK 0001022705
Entity typeother
Related Parties
1- filerCIK 0001364792
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 7:14 PM ET
- Size
- 16.9 KB