SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* McCann Peter (Last) (First) (Middle) 333 CLAY STREET, SUITE 4980 (Street) HOUSTON TX 77002 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Civeo Corp [ CVEO ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) See Remarks
	3. Date of Earliest Transaction (Month/Day/Year) 05/30/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year) 06/03/2014	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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
Deferred Stock	(1)	05/30/2014		J		1,984(2)		(2)	(2)	Common Stock	1,984	$0	1,984	D
Deferred Stock	(1)	05/30/2014		J		9,185(3)		(3)	(3)	Common Stock	9,185	$0	11,169	D
Deferred Stock	(1)	05/30/2014		J		10,333(4)		(4)	(4)	Common Stock	10,333	$0	21,502	D
Deferred Stock	(1)	05/30/2014		J		20,666(5)		(5)	(5)	Common Stock	20,666	$0	42,168	D
Deferred Stock	(1)	05/30/2014		J		32,147(6)		(6)	(6)	Common Stock	32,147	$0	74,315	D

Explanation of Responses:

1. Each share of deferred stock represents a contingent right to receive one share of common stock of the Issuer.

2. Adjusted deferred stock resulting from spin-off of the Issuer from Oil States International, Inc. on May 30, 2014 (the "Spin-Off") that vests completely on May 17, 2015. Amounts reported in this row update the preliminary information in the original filing.

3. Adjusted deferred stock resulting from the Spin-Off that vests equally over the two year period beginning February 16, 2015. Amounts reported in this row update the preliminary information in the original filing.

4. Adjusted deferred stock resulting from the Spin-Off that vests equally over the three year period beginning June 22, 2014. Amounts reported in this row update the preliminary information in the original filing.

5. Adjusted deferred stock resulting from the Spin-Off that vests equally over the three year period beginning February 19, 2015. Amounts reported in this row update the preliminary information in the original filing.

6. Adjusted deferred stock resulting from the Spin-Off that vests equally over the four year period beginning February 19, 2015. Amounts reported in this row update the preliminary information in the original filing.

Remarks:

Senior Vice President, Australia

	/s/ Peter McCann, by Bradley J. Dodson, as Attorney-in-Fact	06/18/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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