SEC Form 4 · accession 0001437749-18-002977
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 20, 2018
Accepted (ET)
Feb 21, 2018 · 3:39 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 SharesF1 | Feb 20, 2018 | S | 4,018 | $3.34 | D | 104,206 | D | |
| Common SharesF2 | Feb 21, 2018 | S | 7,709 | $3.26 | D | 96,497 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred ShareF3 | — | Feb 20, 2018 | A | 62,010 | A | — | — | Common Share | 62,010 | 311,313 | D |
Explanation of responses
- F1On February 20, 2018, pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, Mr. McCann sold 4,018 shares in multiple trades at prices ranging from $3.32 to $3.39. 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.
- F2On February 21, 2018, pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, Mr. McCann sold 7,709 shares in multiple trades at prices ranging from $3.20 to $3.32. 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.
- F3Each 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 20, 2018.
Remarks
Senior Vice President, Australia