SEC Form 4 · accession 0001437749-16-029490
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Schoening
Officer — See Remarks
Period of report
Feb 19, 2016
Accepted (ET)
Apr 14, 2016 · 10:36 am EDT
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 19, 2016 | M | 3,827 | — | A | 3,827 | D | |
| Common SharesF2 | Feb 19, 2016 | M | 5,664 | — | A | 9,491 | D | |
| Common Shares | Feb 19, 2016 | D | 9,491 | $0.88 | D | 0 | 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 19, 2016 | M | 3,827 | D | — | — | Common Shares | 3,827 | 0 | D |
| Phantom SharesF2 | — | Feb 19, 2016 | M | 5,664 | D | — | — | Common Shares | 5,664 | 5,664 | 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 grant date. 3,827 shares vested on February 19, 2016.
- F2Each 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 grant date. 5,664 shares vested on February 19, 2016.
Remarks
Senior Vice President, Human Resources/HS&E