SEC Form 4 · accession 0001127602-15-029305
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
Oct 15, 2015
Accepted (ET)
Oct 19, 2015 · 6:03 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 | Oct 15, 2015 | M | 1,155 | $0.00 | A | 18,762 | D | |
| Common StockF1 | Oct 15, 2015 | M | 972 | $0.00 | A | 19,734 | D | |
| Common StockF1 | Oct 15, 2015 | M | 923 | $0.00 | A | 20,657 | D | |
| Common StockF2 | holding | — | — | — | 1,302 | 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 UnitsF3,F4 | — | Oct 15, 2015 | A | 5,728 | A | — | Oct 15, 2025 | Common Stock | 5,728 | 5,728 | D |
| Restricted Stock UnitsF3,F5 | — | Oct 15, 2015 | M | 1,155 | D | — | Oct 14, 2021 | Common Stock | 1,155 | 435 | D |
| Restricted Stock UnitsF6 | — | Oct 15, 2015 | F | 435 | D | — | Oct 14, 2021 | Common Stock | 435 | 0 | D |
| Restricted Stock UnitsF3,F7 | — | Oct 15, 2015 | M | 972 | D | — | Oct 15, 2022 | Common Stock | 972 | 1,704 | D |
| Restricted Stock UnitsF6 | — | Oct 15, 2015 | F | 366 | D | — | Oct 15, 2022 | Common Stock | 366 | 1,338 | D |
| Restricted Stock UnitsF3,F8 | — | Oct 15, 2015 | M | 923 | D | — | Oct 15, 2023 | Common Stock | 923 | 2,890 | D |
| Restricted Stock UnitsF6 | — | Oct 15, 2015 | F | 348 | D | — | Oct 15, 2023 | Common Stock | 348 | 2,542 | D |
| Restricted Stock UnitsF3,F9 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 5,222 | 5,222 | D |
Explanation of responses
- F1Represents vesting of restricted Stock Units and conversion to Team Common Stock.
- F2Represents estimated shares held in 401K Plan.
- F3Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- F4Stock Units vest 25% on 10/15/2016, 10/15/2017, 10/15/2018 and 10/15/2019, 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 10/15/2012, 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.
- F6Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
- 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 10/15/2014, 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.
- F9Stock 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.