SEC Form 4 · accession 0001437749-17-003099
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter McCann
Officer — See Remarks
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590584
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred ShareF1 | — | Feb 21, 2017 | A | 46,251 | A | — | — | Common Share | 46,251 | 352,245 | D |
| Phantom ShareF2 | — | Feb 21, 2017 | A | 15,417 | A | — | — | Common Share | 15,417 | 367,662 | D |
Explanation of responses
- F1Each deferred share represents a contingent right to receive one Civeo Corporation common share. The deferred shares vest in equal installments on each of the first three anniversaries of February 21, 2017.
- F2Phantom share award under the 2014 Equity Participation Plan of Civeo Corporation that vests in equal installments on each of the first three anniversaries of February 21, 2017. Each phantom share is the economic equivalent of one Civeo Corporation common share and is payable in cash.
Remarks
Senior Vice President, Australia