Allan Schoening - Feb 23, 2023 Form 4 Insider Report for Civeo Corp (CVEO)

Role
SVP, Canada
Signature
/s/ Allan Schoening, by Bradley J. Dodson, as Attorney-in-Fact
Stock symbol
CVEO
Transactions as of
Feb 23, 2023
Transactions value $
-$316,785
Form type
4
Date filed
2/27/2023, 03:38 PM
Previous filing
Feb 23, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVEO Common Shares Options Exercise $0 +10.2K +76.31% $0.00 23.7K Feb 25, 2023 Direct F1
transaction CVEO Common Shares Disposed to Issuer -$317K -10.2K -43.28% $30.93 13.4K Feb 25, 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 +9.17K +37.34% $0.00 33.7K Feb 23, 2023 Common Share 9.17K Direct F2
transaction CVEO Phantom Shares Options Exercise $0 -10.2K -30.38% $0.00 23.5K Feb 25, 2023 Common Share 10.2K 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. 10,242 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.

Remarks:

President, Canada