SEC Form 4 · accession 0001127602-16-047102
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur F Victorson
Officer — President, Insp & Heat Treat
Period of report
Mar 18, 2016
Accepted (ET)
Mar 22, 2016 · 11:05 am 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 | Mar 18, 2016 | S | 12,132 | $26.93 | D | 11,750 | D | |
| Common StockF2 | holding | — | — | — | 4,738 | 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 | — | holding | — | — | — | — | Oct 15, 2025 | Common Stock | 7,876 | 7,876 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 4,896 | 4,896 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | Oct 15, 2023 | Common Stock | 3,187 | 3,187 | D |
| Restricted Stock UnitsF3,F7 | — | holding | — | — | — | — | Oct 15, 2022 | Common Stock | 1,506 | 1,506 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $26.66 to $27.38. 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.
- 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 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.