SEC Form 4 · accession 0001127602-15-024768
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L Ott
Officer — President, Quest Integrity Grp
Period of report
Aug 10, 2015
Accepted (ET)
Aug 12, 2015 · 12:14 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 StockF1 | Aug 10, 2015 | S | 8,748 | $46.5498 | D | 24,949 | D | |
| Common StockF2 | Aug 10, 2015 | S | 16,681 | $46.5049 | D | 8,268 | D | |
| Common StockF3 | Aug 11, 2015 | S | 2,700 | $47.0462 | D | 5,568 | D | |
| Common StockF4 | Aug 11, 2015 | S | 1,618 | $46.2998 | D | 3,950 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 5,222 | 5,222 | D |
| Restricted Stock UnitsF5,F7 | — | holding | — | — | — | — | Oct 15, 2023 | Common Stock | 3,813 | 3,813 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | Oct 15, 2022 | Common Stock | 457 | 457 | D |
| Restricted Stock UnitsF5,F9 | — | holding | — | — | — | — | Oct 14, 2021 | Common Stock | 249 | 249 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $46.50 to $46.7139. 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 $46.40 to $46.72. 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.
- F3This transaction was executed in multiple trades at prices ranging from $46.75 to $47.38. 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.
- F4This transaction was executed in multiple trades at prices ranging from $46.25 - $46.42. 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.
- F5Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- F6Stock 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.
- F7Stock 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.
- F8Stock 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.
- F9Stock 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.