FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
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 *

ASSING FERNANDO RAFAEL 		2. Issuer Name and Ticker or Trading Symbol

TESCO CORP [ TESO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Exec. VP & COO
(Last)          (First)          (Middle)

3993 W. SAM HOUSTON PARKWAY N., SUITE 100 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/6/2014
(Street)

HOUSTON, TX 77043
(City)        (State)        (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/6/2014   12/8/2014   (1) M (2)    5543.0000   A $0.0000   (3) 51002.0000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit     (4) 12/6/2014   12/8/2014   M   (5)       5543.0000      (6) 12/6/2016   Common Stock   5543.0000   $0.0000   11087.0000   D    

Explanation of Responses:
( 1)  The vest date occurred on Saturday, December 6, 2014; therefore, the deemed vest date was Monday, December 8, 2014.
( 2)  On December 6, 2014, the Reporting Person received a grant of RSUs under the Amended and Restated 2005 Tesco Corporation Incentive Plan. The RSUs vested on the anniversary date of the grant. Under the terms of the plan, the Company redeemed the vested RSUs for an equal number of shares of the Company's common stock.
( 3)  The Reporting Person received shares of the Company's common stock upon the vesting and redemption of an equal number of RSUs. The Reporting Person received the shares at no cost. The market value of the shares of common stock was calculated in accordance with the Plan at US$13.24.
( 4)  The company redeemed RSUs from a grant received by the Reporting Person on December 6, 2013. Under the terms of the Plan, there is no conversion price.
( 5)  On December 6, 2013, the Reporting Person received a grant of Restrickted Stock Units ("RSUs") under the Amended and Restated 2005 Tesco Corporation Incentive Plan ("the Plan"). The RSUs vested on the anniversary date of the grant. Under the terms of the Plan, the company redeemed the vested RSUs for an equal number of shares of the Company's common stock. The defined terms in this footnote are used in other footnotes throughout this Form 4.
( 6)  The RSUs vest equally over three years of the anniversary date of the grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ASSING FERNANDO RAFAEL
3993 W. SAM HOUSTON PARKWAY N.
SUITE 100
HOUSTON, TX 77043

Exec. VP & COO

Signatures
Dean Ferris, Attorney-in-fact 12/9/2014
** 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 4(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.
Tesco Corp. (MM) (NASDAQ:TESO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Tesco Corp. (MM) Charts.
Tesco Corp. (MM) (NASDAQ:TESO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Tesco Corp. (MM) Charts.