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

Role
10%+ Owner
Signature
/s/ Lance Torgerson
Stock symbol
CVEO
Transactions as of
Oct 30, 2022
Transactions value $
-$30,618,194
Form type
4
Date filed
11/1/2022, 03:36 PM
Previous filing
Aug 15, 2022
Next filing
Dec 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CVEO Common Stock 215K Oct 30, 2022 Torgerson Family Trust
holding CVEO Common Stock 160K Oct 30, 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 -$30.6M -3.62K -40% $8,465.08* 5.43K Oct 30, 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.