SEC Form 4 · accession 0001437749-16-025350
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Steininger
Officer — See Remarks
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 6:13 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 11, 2016 | M | 24,239 | — | A | 193,513 | D | |
| Common Shares | Feb 11, 2016 | D | 24,239 | $0.80 | D | 169,274 | D | |
| Common Shares | Feb 11, 2016 | F | 7,914 | $0.80 | D | 161,360 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1 | — | Feb 11, 2016 | M | 24,239 | D | — | — | Common Shares | 24,239 | 72,714 | D |
Explanation of responses
- F1Each phantom share is the economic equivalent of one Civeo common share and is payable in cash. The phantom shares vest at various times based on the grant date. 24,239 shares vested on February 11, 2016.
Remarks
Senior Vice President, Chief Financial Officer and Treasurer