Barclay Brewer - Feb 22, 2022 Form 4 Insider Report for Civeo Corp (CVEO)

Role: Vice President and Controller
Signature: /s/Barclay Brewer, by Bradley Dodson, as Attorney-in-Fact
Stock symbol: CVEO
Transactions as of: Feb 22, 2022
Transactions value $: -$51,143
Form type: 4
Date filed: 3/1/2022, 02:37 PM
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVEO	Common Shares	Options Exercise		+2.27K	+30.81%		9.65K	Feb 22, 2022	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	-$51.1K	-2.27K	-23.55%	$22.51	7.38K	Feb 22, 2022	Direct

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	Phantom Shares	Options Exercise	$0	-2.27K	-17.67%	$0.00	10.6K	Feb 22, 2022	Common Share	2.27K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each 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 grant date. 2,272 shares vested on February 22, 2022.