Peter McCann - 22 Feb 2023 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 2023
Net transactions value: -$119,659
Form type: 4
Filing time: 23 Feb 2023, 17:09:27 UTC
Previous filing: 01 Mar 2022
Next filing: 27 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		+3,737	+9.4%		43,475	22 Feb 2023	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	$119,659	-3,737	-8.6%	$32.02	39,738	22 Feb 2023	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	17,592	22 Feb 2023	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, 2023.