Statement of Changes in Beneficial Ownership (4)
November 10 2015 - 4:44PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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0.5
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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
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1. Name and Address of Reporting Person
*
Dyment Fred J
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2. Issuer Name
and
Ticker or Trading Symbol
TESCO CORP
[
TESO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
11330 CLAY ROAD, SUITE 350
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3. Date of Earliest Transaction
(MM/DD/YYYY)
11/7/2015
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(Street)
HOUSTON, TX 77041
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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11/7/2015
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11/9/2015
(1)
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M
(2)
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867.0000
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A
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$0
(3)
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29300.0000
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D
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Common Stock
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11/8/2015
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11/9/2015
(4)
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M
(5)
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1300.0000
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A
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$0
(3)
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30600.0000
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Unit
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(6)
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11/7/2015
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11/9/2015
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M
(2)
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867.0000
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(7)
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11/7/2016
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Common Stock
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867.0000
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$0.0000
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867.0000
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D
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Restricted Stock Unit
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(8)
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11/8/2015
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11/10/2015
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M
(5)
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1300.0000
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(7)
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11/8/2015
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Common Stock
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1300.0000
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$0.0000
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0.0000
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D
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Explanation of Responses:
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(
1)
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The vest date occurred on Saturday, November 7, 2015; therefore, the deemed vest date was Monday, November 9, 2015.
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(
2)
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On November 7, 2013, the Reporting Person received a grant of Restricted Stock Units (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 common stock of the Company. The defined terms in this footnote are used throughout this Form 4.
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(
3)
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The Reporting Person received shares of common stock of the Company 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$8.35.
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(
4)
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The vest date occurred on Sunday, November 8, 2015; therefore, the deemed vest date was Monday, November 9, 2015.
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(
5)
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On November 8, 2012, the Reporting Person received a grant of Restricted Stock Units (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 common stock of the Company.
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(
6)
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The Company redeemed RSUs from a grant received by the Reporting Person on November 7, 2013. Under the terms of the Plan, there is no conversion price.
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(
7)
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The RSUs vest equally over three years on the anniversary of the grant date.
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(
8)
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The Company redeemed RSUs from a grant received by the Reporting Person on November 8, 2012. Under the terms of the Plan, there is no conversion price.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Dyment Fred J
11330 CLAY ROAD
SUITE 350
HOUSTON, TX 77041
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X
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Signatures
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Dean Ferris, Attorney-in-fact
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11/10/2015
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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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