SEC Form 4 · accession 0001127602-15-004783

TEAM INC · TISI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Philip J Hawk

Officer — Executive Chairman · Director

Period of report

Feb 4, 2015

Accepted (ET)

Feb 6, 2015 · 3:03 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000318833

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Feb 4, 2015	M	16,320	$13.28	A	71,952	D
Common Stock^F1	Feb 4, 2015	S	16,320	$39.299	D	55,632	D
Common Stock	Feb 5, 2015	M	33,680	$13.28	A	89,312	D
Common Stock^F2	Feb 5, 2015	S	33,680	$39.354	D	55,632	D
Common Stock	holding	—	—		—	255,160	I	Family Ltd Partnership

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Nq Stock Options^F3	$13.28	Feb 4, 2015	M	16,320	D	—	Jan 17, 2016	Common Stock	16,320	83,680	D
Nq Stock Options^F3	$13.28	Feb 5, 2015	M	33,680	D	—	Jan 17, 2016	Common Stock	33,680	50,000	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	Oct 15, 2024	Common Stock	10,443	10,443	D
Restricted Stock Units^F4,F6	—	holding	—	—	—	—	Oct 15, 2023	Common Stock	12,879	12,879	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	Oct 15, 2022	Common Stock	9,502	9,502	D
Restricted Stock Units^F4,F8	—	holding	—	—	—	—	Oct 14, 2021	Common Stock	5,962	5,962	D
Nq Stock Options^F3	$30.33	holding	—	—	—	—	Oct 15, 2017	Common Stock	120,000	120,000	D
Nq Stock Options^F3	$15.27	holding	—	—	—	—	Oct 17, 2016	Common Stock	120,000	120,000	D

Explanation of responses

F1This transaction was executed in multiple trades at prices ranging from $39.25 to $39.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2This transaction was executed in multiple trades at prices ranging from $39.25 to $39.74. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3Options are fully vested.
F4Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F5Stock Units vest 25% on 11/4/15, 10/15/16, 10/15/17 and 10/15/18, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the repective vesting schedule.
F6Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2014, 10/15/2015, 10/15/2016, 10/15/2017, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
F7Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2013, 10/15/2014, 10/15/2015 and 10/15/2016, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
F8Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2012, 10/15/2013, 10/15/2014 and 10/15/2015, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.