SEC Form 4 · accession 0001590584-19-000028
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Schoening
Officer — President, Canada
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 3:09 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, 2019 | M | 5,238 | — | A | 25,864 | D | |
| Common Shares | Feb 21, 2019 | D | 5,238 | $2.60 | D | 20,626 | D | |
| Common SharesF2 | Feb 21, 2019 | M | 15,713 | — | A | 36,339 | D | |
| Common Shares | Feb 21, 2019 | F | 7,542 | $2.60 | D | 28,797 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1 | — | Feb 21, 2019 | M | 5,238 | D | — | — | Common Shares | 5,238 | 154,011 | D |
| Restricted Share UnitsF2 | — | Feb 21, 2019 | M | 15,713 | D | — | — | Common Shares | 15,713 | 138,298 | 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, 2019.
- 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, 2019.
Remarks
President, Canada