SEC Form 4 · accession 0001127602-15-029307
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Greg L Boane
Officer — Sr. Vice President & CFO
Period of report
Oct 15, 2015
Accepted (ET)
Oct 19, 2015 · 6:10 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 | holding | — | — | — | 1,250 | D | ||
| Common StockF1 | holding | — | — | — | 628 | 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 | — | Oct 15, 2015 | A | 5,012 | A | — | Oct 15, 2025 | Common Stock | 5,012 | 5,012 | D |
| Restricted Stock UnitsF2,F4 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 4,569 | 4,569 | 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 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.
- F4Stock 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.