Sec Form 4 Filing - ASSING FERNANDO RAFAEL @ TESCO CORP - 2014-04-15

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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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/YY)
04/15/2014
(Street)
HOUSTON, TX77043
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 04/15/2014 M 3,982 A $ 10.38 55,782 D
Common Stock 04/15/2014 A( 1 ) 169 A $ 18.49 ( 2 ) 55,951 ( 3 ) D
Common Stock 04/15/2014 S 3,982 D $ 19.004 ( 4 ) 51,969 D
Common Stock 04/15/2014 S 4,400 D $ 19 47,569 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Option to Purchase $ 10.38 04/15/2014 M 3,982 ( 5 ) 11/19/2016 Common Stock 3,982 $ 10.38 31,118 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ASSING FERNANDO RAFAEL
3993 W. SAM HOUSTON PARKWAY N.
SUITE 100
HOUSTON, TX77043
Exec. VP & COO
Signatures
Dean Ferris, Attorney-in-fact 04/17/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares were acquired by the Reporting Person pursuant to the Company's Amended and Restated Employee Stock Savings Plan (the Plan). On April 16, the company provided instructions to the Transfer Agent regarding the issuance of shares to the Plan Administrator, with such shares covering payroll contributions from the Reporting Person's March 2014 Payroll.
( 2 )The share price for the April 2014 contribution was calculated in accordance with the Plan terms at US $18.490. Based on the noon rate of exchange of the Bank of Canada on the calculation date, the converted price is C$ 20.283530.
( 3 )Includes shares of the Company's Common Stock held in Reporting Person's name in the Plan and purchased directly from the Company in accordance with the Plan.
( 4 )Sold in 4 blocks ranging from $19.00-$19.08
( 5 )These restricted stock units are fully vested.

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