SEC Form 4 · accession 0001127602-15-016595
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis A Waters
Director
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 5:05 pm EDT
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 | May 5, 2015 | M | 6,046 | $10.87 | A | 163,366 | D | |
| Common StockF1 | May 5, 2015 | S | 6,046 | $39.771 | D | 157,320 | D | |
| Common Stock | May 7, 2015 | M | 23,954 | $10.87 | A | 181,274 | D | |
| Common StockF2 | May 7, 2015 | S | 3,954 | $39.0146 | D | 177,320 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock OptionsF3 | $10.87 | May 5, 2015 | M | 6,046 | D | — | Sep 29, 2015 | Common Stock | 6,046 | 23,954 | D |
| Director Stock OptionsF3 | $10.87 | May 7, 2015 | M | 23,954 | D | — | Sep 29, 2015 | Common Stock | 23,954 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $39.50 to $40.25. 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 $39.00 to $39.10. 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.