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
-$149,558
Form type
4
Filing time
02 Mar 2022, 19:19:23 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 Award $0 +7,790 +20% $0.000000 46,388 25 Feb 2022 Direct F1
transaction CVEO Common Shares Sale $149,558 -6,650 -14% $22.49 39,738 25 Feb 2022 Direct F2

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 Award $0 +10,105 +90% $0.000000 21,329 25 Feb 2022 Common Shares 10,105 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance share award under the 2014 Equity Participation Plan of Civeo Corporation that cliff vested at 126% on the third anniversary of February 25, 2019.
F2 Mr. McCann sold 6,650 shares in multiple trades at prices ranging from $22.28 to $22.66. The price reported above reflects the weighted average price. Mr. McCann hereby undertakes to provide the Securities and Exchange Commission staff ("staff"), the issuer or any security holder of the issuer, upon request, full information regarding the number of shares and prices at which the transaction was effected.
F3 Phantom Share Award under the 2014 Equity Participation Plan of Civeo Corporation that vests in equal installments on each of the first three anniversaries of February 25, 2022.

Remarks:

Senior Vice President, Australia