Bradley J. Dodson - Feb 23, 2023 Form 4 Insider Report for Civeo Corp (CVEO)

Role: President & CEO, Director
Signature: /s/ Bradley J. Dodson
Stock symbol: CVEO
Transactions as of: Feb 23, 2023
Transactions value $: -$1,407,222
Form type: 4
Date filed: 2/27/2023, 03:39 PM
Previous filing: Feb 23, 2023
Next filing: Feb 26, 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	+45.5K	+23.93%	$0.00	236K	Feb 25, 2023	Direct	F1
transaction	CVEO	Common Shares	Disposed to Issuer	-$1.41M	-45.5K	-19.31%	$30.93	190K	Feb 25, 2023	Direct

Showing 1 to 2 of 2 entries

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	+40.5K	+38.62%	$0.00	145K	Feb 23, 2023	Common Shares	40.5K		Direct	F2
transaction	CVEO	Phantom Shares	Options Exercise	$0	-45.5K	-31.33%	$0.00	99.7K	Feb 25, 2023	Common Shares	45.5K		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 is the economic equivalent of one Civeo Corporation common share and is payable in cash. The phantom shares vest at various times based on grant date. 45,497 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 and Chief Executive Officer