FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sloan Thomas B JR

2. Date of Event Requiring Statement (MM/DD/YYYY)
2/24/2015 

3. Issuer Name and Ticker or Trading Symbol

TESCO CORP [TESO]

(Last)        (First)        (Middle)

3993 W. SAM HOUSTON PARKWAY N., SUITE 100

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Vice President /

(Street)

HOUSTON, TX 77043       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Purchase     (1) 12/12/2021   Common Stock   6600.0000   $12.2200   D    
Performance Stock Units - EPS   3/16/2018   (2) 3/16/2018   Common Stock   2900.0000   (3)   (4) D    
Performance Stock Units - ROCE   3/16/2018   (2) 3/16/2018   Common Stock   2900.0000   (5)   (4) D    
Restricted Stock Unit     (6) 6/13/2017   Common Stock   1500.0000     (4) D    
Restricted Stock Unit     (7) 12/12/2017   Common Stock   5500.0000     (4) D    

Explanation of Responses:
( 1)  The Option to Purchase vests in three equal annual installments beginning 12/12/2015.
( 2)  The performance period begins January 1, 2015 and ends December 31, 2017. To the extent earned, the PSUs will be settled 100 percent in shares. The potential settlement date is March 16, 2018. The reporting person may receive a number of shares of the Company's common stock from 0 to 200 percent of the PSUs granted, depending on the performance level achieved.
( 3)  This number represents the PSUs granted. The PSU performance goals are based on the Company's Earnings per Share ("EPS") based on a 3 year Target Matrix of Revenue and EPS. Each award has a three year performance period followed by an additional time-based vesting period, ending March 16, 2018, during which time the multiplier will be calculated.
( 4)  Each PSU or RSU may be redeemed, at the Company's discretion, for one share of the Company's common stock or its cash equivalent.
( 5)  This number represents the PSUs granted. The PSU performance goals are based on the Company's ROCE (EBIT/(Total Assets w/o Cash-Current Liabilities)) calculated as an average of the annual ROCE over a three year performance period, with each annual ROCE calculated quarterly. Each award has a three year performance period, followed by an additional time-based vesting period, ending March 16, 2018, during which time the multiplier will be calculated.
( 6)  The RSU vests in three equal annual installments beginning June 13, 2015.
( 7)  The RSUs vest in three equal annual installments beginning December 12, 2015.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sloan Thomas B JR
3993 W. SAM HOUSTON PARKWAY N.
SUITE 100
HOUSTON, TX 77043

Vice President

Signatures
/s/ Thomas B Sloan Jr 2/27/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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