TESCO CORP 4
4 · TESCO CORP · Filed Nov 12, 2014
Insider Transaction Report
Form 4
TESCO CORPTESO
REYNOLDS JOHN T
Director10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Unit
2014-11-07−866→ 1,734 totalExp: 2016-11-07→ Common Stock (866 underlying) - Exercise/Conversion
Common Stock
2014-11-07+866→ 12,098 total
Holdings
- 4,307,799(indirect: By LRP V Luxembourg Holdings S.a r.l.)
Common Stock
Footnotes (4)
- [F1]On November 7, 2013, 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 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 defined terms in this footnote are used in other footnotes through this Form 4.
- [F2]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$ 15.97.
- [F3]The Company redeemed RSUs from a grant received by the Reporting Person on November 7, 2013. Under the terms of the Plan, there was no conversion price.
- [F4]The RSUs vest equally over three years on the anniversary of the grant date.