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Tesco VP and controller exercises options

By Associated Press
June 6, 2008 | Comments (0)

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The vice president and corporate controller of oil and gas drilling services company Tesco Corp. exercised options for 8,000 shares of common stock, according to a filing with the Securities and Exchange Commission.

In a Form 4 filed with the SEC Thursday, Robert L. Kayl reported exercising the options on Tuesday for $18.74 apiece, then selling all 8,000 shares on the same day for $32.73 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Tesco is based in Houston.

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