SEC Form 4 · accession 0001437749-17-003364
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Steininger
Officer — See Remarks
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 7:28 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 | 129,630 | — | A | 377,035 | D | |
| Common Share | Feb 23, 2017 | F | 35,894 | $3.26 | D | 341,141 | 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 | 64,815 | D | — | — | Common Share | 64,815 | 129,630 | D |
| Restricted Share UnitF2 | — | Feb 23, 2017 | M | 64,815 | D | — | — | Common Share | 64,815 | 129,629 | D |
Explanation of responses
- F1Each phantom share is the economic equivalent of one Civeo common share and is payable in cash or shares. The phantom shares vest at various times based on the grant date. 64,815 shares vested on February 23, 2017.
- F2Each restricted share unit is the economic equivalent of one Civeo common share and is payable in cash or shares. The restricted share units vest at various times based on the grant date. 64,815 units vested on February 23, 2017.
Remarks
Senior Vice President, Chief Financial Officer & Treasurer