0001225208-16-041154.txt : 20161103
0001225208-16-041154.hdr.sgml : 20161103
20161103174932
ACCESSION NUMBER: 0001225208-16-041154
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161101
FILED AS OF DATE: 20161103
DATE AS OF CHANGE: 20161103
ISSUER:
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
BUSINESS ADDRESS:
STREET 1: WESTWAY PLAZA, 11330 CLAY ROAD
STREET 2: SUITE 350
CITY: HOUSTON
STATE: TX
ZIP: 77041
BUSINESS PHONE: 713-359-7000
MAIL ADDRESS:
STREET 1: WESTWAY PLAZA, 11330 CLAY ROAD
STREET 2: SUITE 350
CITY: HOUSTON
STATE: TX
ZIP: 77041
FORMER COMPANY:
FORMER CONFORMED NAME: Tesco CORP
DATE OF NAME CHANGE: 20061229
FORMER COMPANY:
FORMER CONFORMED NAME: TESCO CORP
DATE OF NAME CHANGE: 19960911
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McNiven Roy
CENTRAL INDEX KEY: 0001660437
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34090
FILM NUMBER: 161973042
MAIL ADDRESS:
STREET 1: 11330 CLAY ROAD
STREET 2: SUITE 350
CITY: HOUSTON
STATE: TX
ZIP: 77041
4
1
doc4.xml
X0306
4
2016-11-01
0001022705
TESCO CORP
TESO
0001660437
McNiven Roy
11330 CLAY ROAD
SUITE 350
HOUSTON
TX
77041
1
Vice President, TCUS
Restricted Stock Unit
2016-11-01
4
A
0
15000.0000
0.0000
A
2017-11-01
2019-11-01
Common Stock
15000.0000
15000.0000
D
Each Restricted Stock Unit (RSU) may be redeemed, at the Company's discretion for one share of the Comapny's common stock or its cash equivalent.
All awards were granted (i) on November 1, 2016 to the Reporting Person as a portion of his compensation for serving as an officer or director of the Company; and (ii) pursuant to the terms of the Amended and Restated Tesco Corporation 2005 Incentive Plan, which is exempt under Rule 16b-3(d). The vesting of all awards is contingent upon the Reporting Person's continued employment by or service as a Director to the Company.
This number represents the restricted stock units (RSUs) granted. These RSUs are subject to a three-year vesting period. RSUs are calculated on a one-for-one share basis. Each RSU may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.
The RSUs vest equally over three years on the anniversary of the grant date.
Brian Kelly, Attorney-in-Fact
2016-11-03