SEC Form 4 · accession 0001127602-15-030411

TEAM INC · TISI

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

Reporting owner

Officer — Sr. Vice President & CFO

Period of report

Nov 4, 2015

Accepted (ET)

Nov 5, 2015 · 3:38 pm EST

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^F1	Nov 4, 2015	M	829	$0.00	A	2,079	D
Common Stock^F2	holding	—	—		—	628	I	401K Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F4	—	Nov 4, 2015	M	829	D	—	Oct 15, 2024	Common Stock	829	3,740	D
Restricted Stock Units^F5	—	Nov 4, 2015	F	313	D	—	Oct 15, 2024	Common Stock	313	3,427	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	Oct 15, 2025	Common Stock	5,012	5,012	D

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 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.
F5Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
F6Stock 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.