SEC Form 4/A · accession 0001127602-16-069509
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Philip J Hawk
Director
Period of report
Nov 15, 2016
Accepted (ET)
Dec 8, 2016 · 4:31 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 StockF1 | Nov 15, 2016 | A | 4,586 | $37.15 | A | 133,140 | D | |
| Common Stock | holding | — | — | — | 50,850 | I | Family Ltd Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nq Stock OptionsF2 | $30.33 | holding | — | — | — | — | Oct 15, 2017 | Common Stock | 120,000 | 120,000 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 5,222 | 5,222 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | — | Oct 15, 2025 | Common Stock | 6,444 | 6,444 | D |
Explanation of responses
- F1Represents annual stock award for Director compensation.
- F2Options are fully vested.
- 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.
- F5Stock 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.