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Tesco director exercises options for 10,000 shares



By AP
13 May 2008 @ 01:26 pm EST

NEW YORK - A director of oil and gas drilling services company Tesco Corp. exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing Monday.

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TESO 28.31 -0.53

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In a Form 4 filed with the SEC, Clifton Weatherford reported he exercised options for the shares Thursday for $7.18 apiece, and then sold all of them for $31.04 to $31.16 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.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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