Barclay Brewer - 23 Feb 2023 Form 4 Insider Report for Civeo Corp (CVEO)

Role: Vice President and Controller
Signature: /s/Barclay Brewer, by Bradley Dodson, as Attorney-in-Fact
Issuer symbol: CVEO
Transactions as of: 23 Feb 2023
Net transactions value: -$153,104
Form type: 4
Filing time: 27 Feb 2023, 15:38:04 UTC
Previous filing: 23 Feb 2023
Next filing: 26 Feb 2024
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	$0	+4,950	+70%	$0.000000	12,009	25 Feb 2023	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	$153,104	-4,950	-41%	$30.93	7,059	25 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	Award	$0	+4,674	+41%	$0.000000	16,117	23 Feb 2023	Common Share	4,674		Direct	F2
transaction	CVEO	Phantom Shares	Options Exercise	$0	-4,950	-31%	$0.000000	11,167	25 Feb 2023	Common Share	4,950		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. 4,950 shares vested on February 25, 2023.
F2	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 23, 2023.