Carolyn Stone - Feb 22, 2022 Form 4 Insider Report for Civeo Corp (CVEO)

Role: SVP, CFO & Treasurer
Signature: /s/ Carolyn Stone, by Bradley J. Dodson, Attorney-in-fact
Stock symbol: CVEO
Transactions as of: Feb 22, 2022
Transactions value $: -$108,003
Form type: 4
Date filed: 3/1/2022, 02:39 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		+4.8K	+16.42%		34K	Feb 22, 2022	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	-$108K	-4.8K	-14.1%	$22.51	29.2K	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	-4.8K	-17.49%	$0.00	22.6K	Feb 22, 2022	Common Shares	4.8K		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. 4,798 shares vested on February 22, 2022.