SEC Form 4 · accession 0001590584-19-000020
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter McCann
Officer — SVP, Australia
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 5:16 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, 2019 | M | 20,670 | $0.00 | A | 119,090 | D | |
| Common SharesF2 | Feb 22, 2019 | S | 7,709 | $2.60 | D | 111,381 | 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 22, 2019 | M | 20,670 | D | — | — | Common Shares | 20,670 | 159,764 | 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. 20,670 shares vested on February 20, 2019.
- F2On February 22, 2019, pursuant to a plan of disposition adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"), Mr. McCann sold 7,709 shares in multiple trades at prices ranging from $2.56 to $2.65. The price reported above reflects the weighted average price. Mr. McCann hereby undertakes to provide the Securities and Exchange Commission staff ("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.