Civeo Corp — Director's Dealing 2020

Feb 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Civeo Corp (CVEO)
CIK: 0001590584
Period of Report: 2020-02-21

Reporting Person: Schoening Allan (SVP, Canada)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Common Shares	M	5237	—	Acquired	263163	Direct
2020-02-21	Common Shares	D	5237	$1.44	Disposed	257926	Direct
2020-02-21	Common Shares	M	15713	—	Acquired	273639	Direct
2020-02-21	Common Shares	F	7542	$1.44	Disposed	266097	Direct
2020-02-21	Common Shares	A	109989	—	Acquired	376086	Direct
2020-02-21	Common Shares	F	52794	$1.44	Disposed	323292	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Phantom Shares	$	M	5237	Disposed		Common Shares (5237.0)	Direct
2020-02-21	Restricted Share Units	$	M	15713	Disposed		Common Shares (15713.0)	Direct

Footnotes

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 the grant date. 5,237 shares vested on February 21, 2020.

F2: Each restricted share unit is the economic equivalent of one Civeo Corporation common share and is payable in shares. The restricted share units vest at various times based on grant date. 15,713 units vested February 21, 2020.

F3: Settlement of performance share award under the 2014 Equity Participation Plan of Civeo Corporation that cliff vested at 175% on the third anniversary of February 21, 2017.