Report of Foreign Issuer (6-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Section 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of, February 2016

Commission File Number: 001-14534

Precision Drilling Corporation

(Exact name of registrant as specified in its charter)

800, 525 - 8 Avenue S.W.
Calgary, Alberta
Canada T2P 1G1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ________ Form 40-F X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). ________

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________

SIGNATURE

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PRECISION DRILLING CORPORATION

Dated: February 17, 2016

By:

Name:

Title:

/s/ Robert J McNally

Robert J McNally

Executive Vice President & Chief Financial Officer

Exhibit

99.1

DESCRIPTION

Material Change Report – Dividend Suspension (Feb 2016)

Exhibit 99.1

FORM 51-102F3

MATERIAL CHANGE REPORT

1.	Name and Address of Company:

Precision Drilling Corporation ("Precision" or the "Corporation")
800, 525 – 8^th Avenue SW
Calgary, AB T2P 1G1

2.	Date of Material Change:

February 11, 2016

3.	News Release:

A news release was issued by Precision on February 11, 2016 and disseminated through the facilities of Marketwired and subsequently filed on SEDAR.

4.	Summary of Material Change:

On February 11, 2016, Precision announced that it was suspending its dividend effective immediately.

5.	Full Description of the Material Change:

On February 11, 2016 Precision announced that it was suspending its dividend effective immediately. Precision had maintained a quarterly dividend payment since December 2012.

Precision's senior unsecured notes contain a restricted payments covenant that limits Precision's ability to make payments in the nature of dividends, distributions, and repurchases from shareholders. The restricted payments basket grows by, among other things, 50% of the consolidated net earnings and decreases by 100% of consolidated net losses (each as defined in the note indentures governing the senior unsecured notes) and payments made to shareholders. Based on Precision's 2015 fourth quarter financial results, as at December 31, 2015, the restricted payments basket was negative $152 million and Precision is no longer able to make dividend payments until such time as the basket once again becomes positive.

6.	Reliance on Subsection 7.1(2) of National Instrument 51-102:

Not Applicable.

7.	Omitted Information:

None.

8.	Executive Officer:

For further information, please contact Robert J. McNally, Executive Vice President and Chief Financial Officer of the Corporation, at (713) 435-6100.