SEC Form 4 · accession 0001437749-18-002456
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 11, 2018
Accepted (ET)
Feb 14, 2018 · 10:17 am 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 | Feb 11, 2018 | M | 33,012 | — | A | 116,694 | D | |
| Common SharesF2 | Feb 11, 2018 | S | 16,506 | $3.18 | D | 100,188 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred SharesF1 | — | Feb 11, 2018 | M | 33,012 | D | — | — | Common Shares | 33,012 | 257,339 | D |
Explanation of responses
- F1Each deferred share represents a contingent right to receive one Civeo common share. The deferred shares vest at various times based on the grant date. 33,012 deferred shares vested on February 11, 2018.
- F2On February 11, 2018, pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, Mr. McCann sold 16,506 shares in multiple trades at prices ranging from $3.15 to $3.22. The price reported above reflects the weighted average price. Mr. McCann hereby undertakes to provide the Securities and Exchange Commission staff, the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected.
Remarks
Senior Vice President, Australia