Peter McCann - 25 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: 25 Feb 2022
Net transactions value: -$127,624
Form type: 4
Filing time: 01 Mar 2022, 15:16:34 UTC
Previous filing: 01 Mar 2022
Next filing: 23 Feb 2023
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		+5,809	+15%		44,407	25 Feb 2022	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	$127,624	-5,809	-13%	$21.97	38,598	25 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	-5,809	-34%	$0.000000	11,224	25 Feb 2022	Common Shares	5,809		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. 5,809 shares vested on February 25, 2022.