Lance Torgerson - 30 Oct 2022 Form 4 Insider Report for Civeo Corp (CVEO)

Role: 10%+ Owner
Signature: /s/ Lance Torgerson
Issuer symbol: CVEO
Transactions as of: 30 Oct 2022
Net transactions value: -$30,618,194
Form type: 4
Filing time: 01 Nov 2022, 15:36:43 UTC
Previous filing: 15 Aug 2022
Next filing: 27 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CVEO	Common Stock						214,649	30 Oct 2022	Torgerson Family Trust
holding	CVEO	Common Stock						160,104	30 Oct 2022	989677 Alberta Ltd

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CVEO	Class A Series 1 Preferred Stock	Sale	$30,618,194	-3,617	-40%	$8465.08^*	5,425	30 Oct 2022	Common Stock		$39.60	Torgerson Family Trust	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Preferred Shares mandatorily convert on April 2, 2023.
F2	Each share of Class A Series 1 Preferred Stock is convertible into approximately 279 shares of the Issuer's common stock.