0001225208-17-000282.txt : 20170104 0001225208-17-000282.hdr.sgml : 20170104 20170104145621 ACCESSION NUMBER: 0001225208-17-000282 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161231 FILED AS OF DATE: 20170104 DATE AS OF CHANGE: 20170104 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: 17504897 MAIL ADDRESS: STREET 1: 11330 CLAY ROAD STREET 2: SUITE 350 CITY: HOUSTON STATE: TX ZIP: 77041 4 1 doc4.xml X0306 4 2016-12-31 0001022705 TESCO CORP TESO 0001660437 McNiven Roy 11330 CLAY ROAD SUITE 350 HOUSTON TX 77041 1 Vice President, TCUS Common Stock 2016-12-31 4 A 0 397.0000 0.0000 A 7708.0000 D Common Stock 2017-01-03 4 S 0 134.0000 8.2500 D 7574.0000 D These shares were issued pursuant to the vesting of shares under a performance-based restricted stock unit award granted under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The performance criteria achieved was based upon the Company's operating income percentage over one-year period.To determine the number of PSUs available at vesting, the original number of shares granted were multiplied by a multiplier earned, from 0-1.5 (0 - 150 percent). PSU - OI (Operating Income) was redeemed with a 0.331 multiplier. The Reporting Person sold shares to cover tax obligations resulting from a PSU vesting. Brian Kelly, Attorney-in-Fact 2017-01-04