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