Form 4 for CVEO Civeo Corp
Accepted 2022-12-27 00:00:00 ET · period of report 2022-12-23 · accession 0000899243-22-039365 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-12-27 | 2022-12-23 | CVEO | Torgerson Tammy | 10% | C - Cnv Deriv | $0.00 | +1.50M | 1.72M | +701% | $0 |
| DI | 2022-12-27 | 2022-12-23 | CVEO | Torgerson Tammy | 10% | C - Cnv Deriv | $0.00 | -5,425 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2022-12-23 | C | A | 1,504,539 | $0.00 | 1,719,188 | I Torlowna Investments Ltd. | — | — | (F1) Each Class A Series 1 Preferred Share is convertible into approximately 277 common shares of the Issuer. On December 23, 2022, the Reporting Person converted 5,425 Class A Series 1 Preferred Shares, held indirectly by Torgerson Family Trust, into 1,504,539 common shares and transferred such common shares to Torlowna Investments Ltd. No consideration was received or paid in connection with such transfer, which was made for tax planning purposes. The conversion of the Class A Series 1 Preferred Shares at a fixed conversion price is exempt from short swing profit liability under Rule 16b-6(b). (F2) Consists of (i) 1,504,539 common shares from the conversion of 5,425 Class A Series 1 Preferred Shares reported herein, and (ii) 214,649 common shares transferred to Torlowna Investments Ltd. from Torgerson Family Trust, an affiliate of the reporting person on December 23, 2022. |
| 2 | Derivative | Class A Series 1 Preferred Shares | 2022-12-23 | C | D | 5,425 | $0.00 | 0 | I Torgerson Family Trust | $39.60 · 2020-04-02 to — | — Common Stock | (F1) Each Class A Series 1 Preferred Share is convertible into approximately 277 common shares of the Issuer. On December 23, 2022, the Reporting Person converted 5,425 Class A Series 1 Preferred Shares, held indirectly by Torgerson Family Trust, into 1,504,539 common shares and transferred such common shares to Torlowna Investments Ltd. No consideration was received or paid in connection with such transfer, which was made for tax planning purposes. The conversion of the Class A Series 1 Preferred Shares at a fixed conversion price is exempt from short swing profit liability under Rule 16b-6(b). (F3) The Preferred Shares would have mandatorily converted on June 30, 2023. |