Statement of Changes in Beneficial Ownership (4)
February 27 2020 - 6:41PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Brewer Barclay |
2. Issuer Name and Ticker or Trading Symbol
Civeo Corp
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CVEO
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President and Controller |
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(Last)
(First)
(Middle)
333 CLAY STREET, SUITE 4980 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/25/2020 |
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(Street)
HOUSTON, TX 77002
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Shares | 2/25/2020 | | M | | 4304 | A | (1) | 104703 | D | |
| Common Shares | 2/25/2020 | | D | | 4304 | D | $1.32 | 100399 | D | |
| Common Shares | 2/25/2020 | | F | | 3829 | D | $1.32 | 96570 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Phantom Shares | (1) | 2/25/2020 | | A | | | 4304 | (1) | (1) | Common Share | 4304.0 | $0 | 8610 | D | |
| Phantom Shares | (2) | 2/25/2020 | | A | | 102273 | | (2) | (2) | Common Share | 102273.0 | $0 | 110883 | D | |
| Explanation of Responses: |
| (1) | Each phantom share was the economic equivalent of one Civeo common share and is payable in cash. The phantom shares vest at various times based on grant date. 4,304 shares vested on February 25, 2020. |
| (2) | 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 25, 2020. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Brewer Barclay
333 CLAY STREET
SUITE 4980
HOUSTON, TX 77002 |
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| Vice President and Controller |
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Signatures
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| /s/Barclay Brewer, by Bradley Dodson, as Attorney-in-Fact | | 2/27/2020 |
| **Signature of Reporting Person | Date |
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