SEC Form 4 · accession 0001437749-17-003105
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 21, 2017
Accepted (ET)
Feb 23, 2017 · 5:04 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom ShareF1 | — | Feb 21, 2017 | A | 15,713 | A | — | — | Common Share | 15,713 | 265,783 | D |
| Restricted Share UnitF2 | — | Feb 21, 2017 | A | 47,139 | A | — | — | Common Share | 47,139 | 312,922 | D |
Explanation of responses
- F1Phantom 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.
- F2Restricted Share Unit award of Civeo Corporation that vest in equal installments on each of the first three anniversaries of February 21, 2017. Each restricted share is the economic equivalent of one Civeo Corporation common share and is payable in shares.
Remarks
Senior Vice President, Human Resources/HS&E