SEC Form 4 · accession 0001127602-15-005731
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur F Victorson
Officer — President, Insp & Heat Treat
Period of report
Feb 12, 2015
Accepted (ET)
Feb 12, 2015 · 4:24 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 12, 2015 | S | 1,184 | $39.00 | D | 20,420 | D | |
| Common StockF1 | holding | — | — | — | 4,751 | I | 401K Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 6,527 | 6,527 | D |
| Restricted Stock UnitsF2,F4 | — | holding | — | — | — | — | Oct 15, 2023 | Common Stock | 4,781 | 4,781 | D |
| Restricted Stock UnitsF2,F5 | — | holding | — | — | — | — | Oct 15, 2022 | Common Stock | 3,011 | 3,011 | D |
| Restricted Stock UnitsF2,F6 | — | holding | — | — | — | — | Oct 14, 2021 | Common Stock | 1,789 | 1,789 | D |
Explanation of responses
- F1Represents estimated shares held in 401K Plan.
- F2Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- F3Stock Units vest 25% on 11/4/2015, 10/15/2016, 10/15/2017 and 10/15/2018, 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.
- F4Stock Units vest 25% on 10/15/2014, 10/15/2015, 10/15/2016 and 10/15/2017, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.
- F5Stock Units vest 25% 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 in accordance with the respective vesting schedule.
- F6Stock Units vest 25% 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 in accordance with the respective vesting schedule.