SEC Form 4 · accession 0001437749-17-002522
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley J Dodson
Officer — See Remarks · Director
Period of report
Feb 11, 2017
Accepted (ET)
Feb 14, 2017 · 9:18 pm 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,F2 | Feb 11, 2017 | M | 39,820 | — | A | 470,444 | D | |
| Common Shares | Feb 11, 2017 | D | 39,820 | $3.19 | D | 430,624 | D | |
| Common Shares | Feb 11, 2017 | F | 11,722 | $3.19 | D | 418,902 | 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, 2017 | M | 39,820 | D | — | — | Common Shares | 39,820 | 79,640 | 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. 39820 shares vested on February 11, 2017.
- F2On or about January 25, 2017, a total of 314,692 common shares were transferred out to satisfy a domestic relations order in a transaction exempt under Rule 16a-12. This transaction reduced the balance from the previous form 4 that was filed by the reporting person.