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Tesco vice president exercises options

By Associated Press
June 11, 2008 | Comments (0)

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The vice president of manufacturing for oil and gas drilling services company Tesco Corp. exercised options for 6,000 shares of common stock, according to a filing with the Securities and Exchange Commission.

In a Form 4 filed with the SEC Tuesday, Keith M. Lowley reported exercising the options on Friday for $18.74 apiece, then selling all 6,000 shares on the same day for $35.73 to $35.80 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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