SEC Form 4 · accession 0001437749-18-003082
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, 2018
Accepted (ET)
Feb 22, 2018 · 3:55 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 21, 2018 | M | 5,238 | — | A | 5,238 | D | |
| Common Shares | Feb 21, 2018 | D | 5,238 | $3.29 | D | 0 | D | |
| Common SharesF2 | Feb 21, 2018 | M | 15,713 | — | A | 15,713 | D | |
| Common Shares | Feb 21, 2018 | F | 7,542 | $3.29 | D | 8,171 | 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 21, 2018 | M | 5,238 | D | — | — | Common Share | 5,238 | 268,359 | D |
| Restricted Share UnitF2 | — | Feb 21, 2018 | M | 15,713 | D | — | — | Common Share | 15,713 | 252,646 | D |
Explanation of responses
- F1Each phantom share is the economic equivalent of one Civeo Corporation common share and is payable in cash. The phantom shares vest at various times based on the grant date. 5,238 shares vested on February 21, 2018.
- F2Each restricted share unit is the economic equivalent of one Civeo Corporation common share and is payable in shares. The restricted share units vest at various times based on grant date. 15,713 units vested February 21, 2018.
Remarks
Senior Vice President, Corporate Affairs