0000899140-14-000331.txt : 20140312 0000899140-14-000331.hdr.sgml : 20140312 20140312161143 ACCESSION NUMBER: 0000899140-14-000331 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140312 DATE AS OF CHANGE: 20140312 GROUP MEMBERS: LIME ROCK PARTNERS GP V L.P. GROUP MEMBERS: LIME ROCK PARTNERS V L.P. GROUP MEMBERS: LRP GP V INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TESCO CORP CENTRAL INDEX KEY: 0001022705 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 980053204 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51291 FILM NUMBER: 14687624 BUSINESS ADDRESS: STREET 1: 3993 W. SAM HOUSTON PARKWAY N. STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77043 BUSINESS PHONE: 713-359-7000 MAIL ADDRESS: STREET 1: 3993 W. SAM HOUSTON PARKWAY N. STREET 2: SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77043 FORMER COMPANY: FORMER CONFORMED NAME: Tesco CORP DATE OF NAME CHANGE: 20061229 FORMER COMPANY: FORMER CONFORMED NAME: TESCO CORP DATE OF NAME CHANGE: 19960911 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LRP V Luxembourg Holdings S.a r.l. CENTRAL INDEX KEY: 0001468179 IRS NUMBER: 980583185 STATE OF INCORPORATION: N4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 13-15 AVENUE DE LA LIBERTE CITY: LUXEMBOURG STATE: N4 ZIP: L-1931 BUSINESS PHONE: 352 268 901 MAIL ADDRESS: STREET 1: 13-15 AVENUE DE LA LIBERTE CITY: LUXEMBOURG STATE: N4 ZIP: L-1931 SC 13D/A 1 l1449603.htm SCHEDULE 13D/A, #5 l1449603.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D
(Amendment No. 5)

Under the Securities Exchange Act of 1934*

Tesco Corporation 
(Name of Issuer)
 
Common Shares 
(Title of Class of Securities)
 
88157K101 
(CUSIP Number)
 
Mark A. McCall
c/o Lime Rock Management LP
274 Riverside Avenue
Westport, CT 06680
203-293-2750 
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 
March 10, 2014 
(Date of Event which Requires
Filing of this Statement)
 
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:  o
 
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 240.13d-7 for other parties to whom copies are to be sent.
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes)
 
 
 
 
1
 
 
 
 
SCHEDULE 13D
 
CUSIP No.     88157K101
    
1
NAMES OF REPORTING PERSONS
 
LRP V Luxembourg Holdings S.à r.l.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a)   o
(b)   x
 
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS (See Instructions)
 
OO
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
4,307,799 (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
4,307,799 (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,799 (see Item 5)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.85% (see Item 5)
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
 
 
 
 
 
2
 
 
 
SCHEDULE 13D
 
CUSIP No.      88157K101
    
1
NAMES OF REPORTING PERSONS
 
Lime Rock Partners V, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
(a)   o
(b)   x
 
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS (See Instructions)
N/A
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
4,307,799 (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
4,307,799 (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,799 (see Item 5)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.85% (see Item 5)
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN (Limited Partnership)
 
 
 
 
 
 
3
 
 
 
SCHEDULE 13D
 
CUSIP No.     88157K101
    
1
NAMES OF REPORTING PERSONS
 
Lime Rock Partners GP V, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
(a)   o
(b)   x
 
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS (See Instructions)
N/A
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
4,307,799 (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
4,307,799 (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,799  (see Item 5)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.85% (see Item 5)
14
TYPE OF REPORTING PERSON (See Instructions)
 
PN (Limited Partnership)
 
 
 
 
 
4
 
 
 
SCHEDULE 13D
 
CUSIP No.     88157K101
    
1
NAMES OF REPORTING PERSONS
 
LRP GP V, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
 
(a)   o
(b)   x
 
3
SEC USE ONLY
 
 
 
4
SOURCE OF FUNDS (See Instructions)
 
N/A
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
4,307,799 (see Items 4 and 5)
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
4,307,799 (see Item 5)
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,307,799 (see Item 5)
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.85% (see Item 5)
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
 
 
 
 
 
 
 
5
 
 
 
 
Introductory Note

Pursuant to Rule 13d-2 promulgated under the Act, this Amendment No. 5 (“Amendment No. 5”) amends the Schedule 13D filed on July 17, 2009 (the “Original 13D”), Amendment No. 1 filed on September 1, 2009 (“Amendment No. 1”), Amendment No. 2 filed on September 8, 2009, (“Amendment No. 2”), Amendment No. 3 filed on January 19, 2010 (“Amendment No. 3”) and Amendment No. 4 filed on November 22, 2013 (“Amendment No. 4,” and together with Amendment No. 3, Amendment No. 2, Amendment No. 1, the Original 13D and this Amendment No. 5, the “Schedule 13D”).  This Amendment No. 5 relates to the Common Shares (the “Shares”) of Tesco Corporation (the “Issuer”).  Capitalized terms used herein which are not defined herein have the meaning given to them in the Original 13D.

Item 4.                     Purpose of Transaction.

Item 4 of the Schedule 13D is hereby supplemented as follows:

On March 10, 2014, LRP V sold 1,500,000 Shares pursuant to Rule 144 of the Securities Act of 1933, as amended (the “Securities Act”), at price of $17.06 per share.

Item 5.                     Interest in Securities of the Issuer

Items 5(a), 5(b) and 5(c) of the Original 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4 are hereby amended and restated in their entirety as follows:

(a)           The percentages used herein are calculated based upon the 39,690,056 Shares that were outstanding as of February 28, 2014 as reported in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. The number of Shares that may be deemed to be beneficially owned by the Reporting Persons, and the percentage of the outstanding shares represented thereby, in each case as reported in this Amendment No. 5, are based on the number of Shares owned by the Reporting Persons as of March 10, 2014.
 
Due to their respective relationships with each other, as of March 10, 2014, (i) each of the Reporting Persons may be deemed to beneficially own, in the aggregate, 4,307,799 Shares, representing approximately 10.85% of the outstanding class of Shares and (ii) Mr. Reynolds may be deemed to directly beneficially own, in the aggregate, 30,032 Shares, representing less than 1% of the outstanding class of Shares.
 
(b)           Each of LRP, GP LP and GP Inc. may be deemed to share with LRP V the power to vote or to direct the vote and to dispose or to direct the disposition of the 4,307,799 Shares LRP V may be deemed to beneficially own as of March 10, 2014.  Mr. Reynolds has the sole power to vote and dispose of the Shares owned by him.  Neither the filing of the Schedule 13D nor any of its respective contents shall be deemed to constitute an admission that any Reporting Person or any of its affiliates is the beneficial owner of any Shares for purposes of Section 13(d) of the Act, or for any other purpose.
 
 
 
 
 
 
6
 
 
 
(c)           On March 10, 2014, LRP V sold 1,500,000 Shares pursuant to Rule 144 of the Securities Act at price of $17.06 per share.  There were no other transactions in the Shares effected by the Reporting Persons, nor, to the best of their knowledge, any of their directors, executive officers, general partners or members during the last sixty (60) days.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
 
 
 
 
 
SIGNATURES
 
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
Dated: March 12, 2014
 
LRP V LUXEMBOURG HOLDINGS S.À R.L.
 
By: /s/ John T. Reynolds                                   
Name:  John T. Reynolds
Title:   Authorized Signatory
 
 
Dated: March 12, 2014
 
LIME ROCK PARTNERS V, L.P.
 
By: Lime Rock Partners GP V, L.P., its general partner
 
By: LRP GP V, Inc., its general partner
 
By: /s/ John T. Reynolds                                   
Name:  John T. Reynolds
Title:    Director
 
 
Dated: March 12, 2014
 
LIME ROCK PARTNERS GP V, L.P.
 
By: LRP GP V, Inc., its general partner
 
 
By: /s/ John T. Reynolds                                   
Name:  John T. Reynolds
Title:    Director
 
 
Dated: March 12, 2014
 
LRP GP V, INC.
 
By: /s/ John T. Reynolds                                   
Name:  John T. Reynolds
Title:    Director