SEC Form 4 · accession 0001437749-17-003337
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carolyn J Stone
Officer — See Remarks
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 4:03 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 ShareF1,F2 | Feb 23, 2017 | M | 104,166 | — | A | 200,903 | D | |
| Common Share | Feb 23, 2017 | D | 104,166 | $3.26 | D | 96,737 | D |
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 23, 2017 | M | 52,083 | D | — | — | Common Share | 52,083 | 104,167 | D |
| Restricted Share UnitF2 | — | Feb 23, 2017 | M | 52,083 | D | — | — | Common Share | 52,083 | 104,167 | D |
Explanation of responses
- F1Each phantom share is the economic equivalent of Civeo common share and is payable in cash. The phantom shares vest at various times based on the grant date. 52,083 shares vested on February 23, 2017.
- F2Each restricted stock unit is the economic equivalent of one Civeo common share and is payable in cash. The restricted stock units vest at various times based on the grant date. 52,083 units vested on February 23, 2017.
Remarks
Vice President, Controller and Corporate Secretary