SEC Form 4 · accession 0001437749-16-030919
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mike Ridley
Officer — See Remarks
Period of report
May 4, 2016
Accepted (ET)
May 5, 2016 · 12:54 pm 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 | May 4, 2016 | M | 35,560 | — | A | 35,560 | D | |
| Common Shares | May 4, 2016 | D | 35,560 | $1.42 | 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 | — | May 4, 2016 | M | 35,560 | D | — | — | Common Shares | 35,560 | 71,121 | 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. 35,560 shares vested on May 4, 2016.