SEC Form 4 · accession 0001437749-18-003086
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 21, 2018
Accepted (ET)
Feb 22, 2018 · 3:56 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 | 15,417 | — | A | 111,914 | D | |
| Common SharesF2 | Feb 21, 2018 | M | 5,139 | — | A | 117,053 | D | |
| Common Shares | Feb 21, 2018 | D | 5,139 | $3.29 | D | 111,914 | 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 21, 2018 | M | 15,417 | D | — | — | Common Shares | 15,417 | 295,896 | D |
| Phantom SharesF2 | — | Feb 21, 2018 | M | 5,139 | D | — | — | Common Shares | 5,139 | 290,757 | 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. 15,417 deferred shares vested on February 21, 2018.
- F2Each phantom share was the economic equivalent of one Civeo common share and is payable in cash. The phantom shares vest at various times based on the grant date. 5,139 shares vested on February 21, 2018.
Remarks
Senior Vice President, Australia