XNAS:TESO Tesco Corp Insider Activity 4 Filing - 1/13/2012

Effective Date 1/13/2012

XNAS:TESO (Tesco Corp): Fair Value Estimate
Premium
XNAS:TESO (Tesco Corp): Consider Buying
Premium
XNAS:TESO (Tesco Corp): Consider Selling
Premium
XNAS:TESO (Tesco Corp): Fair Value Uncertainty
Premium
XNAS:TESO (Tesco Corp): Economic Moat
Premium
XNAS:TESO (Tesco Corp): Stewardship
Premium
 
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

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
O'BLENES JONATHAN BRIAN
  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)
VP, Mfg & Surf Prod Eng
(Last)
(First)
(Middle)
3993 W. SAM HOUSTON PARKWAY N., SUITE 100
3. Date of Earliest Transaction (Month/Day/Year)
01/13/2012
(Street)

HOUSTON, TX 77043
4. If Amendment, Date Original Filed (Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 01/13/2012   A(1)   92 A $13.78(2) 5,673.3667(3) D  
Common Stock               1,094.689 I Solium - RRSP Account

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
O'BLENES JONATHAN BRIAN
3993 W. SAM HOUSTON PARKWAY N.
SUITE 100
HOUSTON, TX 77043
      VP, Mfg & Surf Prod Eng  

Signatures

 Dean Ferris, Attorney-in-fact   01/18/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The shares were acquired by the Reporting Person pursuant to the Company's Amended and Restated Employee Stock Savings Plan (the Plan). On January 13, 2012, the Company provided instructions to the Transfer Agent regarding the issuance of shares to the Plan Administrator. The share purchase price was calculated in accordance with the Plan, and funds withheld from the Reporting Person's December 2011 salary payments plus a benefit amount contributed by the Company as set forth in the Plan, funded the purchase of the shares. The whole shares are held in the Reporting Person's name in the Plan and the Reporting Person has dispositive and voting control over the shares. Any remaining amount from the contribution or benefit that was not sufficient to purchase a whole share remains on account with the Plan Administrator and will be added to the following month's amount.
(2) The share price was calculated in accordance with the Plan terms at US $13.78. Based on the noon rate of exchange of the Bank of Canada on the date of calculation, the converted price is C$ 14.052840.
(3) Includes shares held in Reporting Person's name in the Plan or purchased directly from the Company or purchased on the open market more than one year ago. The remaining fractional shares are held in an older plan that allowed for fractional shares to be recorded.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNAS:TESO Tesco Corp Insider Activity 4 Filling

Tesco Corp XNAS:TESO Stock - Get Insider Activity SEC Filing of Tesco Corp XNAS:TESO stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:TESO Tesco Corp Insider Activity 4 Filing - 1/13/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XNAS:TESO Tesco Corp Insider Activity 3 Filing - 3/8/2012  |  Next: XNAS:TESO Tesco Corp Insider Activity 4 Filing - 1/13/2012