SEC Form 4 · accession 0001127602-15-024773

TEAM INC · TISI

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

Reporting owner

Andre C Bouchard

Officer — Exec VP & Chief Legal Officer

Period of report

Aug 11, 2015

Accepted (ET)

Aug 12, 2015 · 1:17 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	Aug 11, 2015	M	15,000	$31.75	A	32,607	D
Common Stock^F1	Aug 11, 2015	S	1,622	$46.6905	D	30,985	D
Common Stock^F2	Aug 11, 2015	S	13,378	$46.3305	D	17,607	D
Common Stock	holding	—	—		—	1,244	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
Nq Stock Options^F3	$31.75	Aug 11, 2015	M	15,000	D	—	Jan 17, 2018	Common Stock	15,000	0	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	Oct 15, 2024	Common Stock	5,222	5,222	D
Restricted Stock Units^F4,F6	—	holding	—	—	—	—	Oct 15, 2023	Common Stock	3,813	3,813	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	Oct 15, 2022	Common Stock	2,676	2,676	D
Restricted Stock Units^F4,F8	—	holding	—	—	—	—	Oct 14, 2021	Common Stock	1,590	1,590	D

Explanation of responses

F1This transaction was executed in multiple trades at prices ranging from $46.55 to $46.89. 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 $46.25 to $46.47. 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 11/4/2015, 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.
F6Stock 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.
F7Stock 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.
F8Stock 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.