Peter McCann - 22 Feb 2022 Form 4 Insider Report for Civeo Corp (CVEO)

Role: SVP, Australia
Signature: /s/ Peter McCann, by Bradley J. Dodson, Attorney-in-Fact
Issuer symbol: CVEO
Transactions as of: 22 Feb 2022
Net transactions value: -$84,120
Form type: 4
Filing time: 01 Mar 2022, 14:38:20 UTC
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVEO	Common Shares	Options Exercise		+3,737	+9.7%		42,335	22 Feb 2022	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	$84,120	-3,737	-8.8%	$22.51	38,598	22 Feb 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	-3,737	-18%	$0.000000	17,033	22 Feb 2022	Common Shares	3,737		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 payable in cash. The phantom shares vest at various times based on grant date. 3,737 shares vested on February 22, 2022.