SEC Form 4 · accession 0001127602-16-070149
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip J Hawk
Director
Period of report
Dec 13, 2016
Accepted (ET)
Dec 15, 2016 · 5:09 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 | Dec 13, 2016 | M | 4,870 | $30.33 | A | 113,010 | D | |
| Common StockF1 | Dec 13, 2016 | S | 4,870 | $37.0072 | D | 108,140 | D | |
| Common Stock | Dec 14, 2016 | M | 4,615 | $30.33 | A | 112,755 | D | |
| Common Stock | Dec 14, 2016 | S | 4,615 | $36.40 | D | 108,140 | D | |
| Common Stock | Dec 15, 2016 | M | 20,515 | $30.33 | A | 128,655 | D | |
| Common StockF2 | Dec 15, 2016 | S | 20,515 | $35.90 | D | 108,140 | 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 OptionsF3 | $30.33 | Dec 13, 2016 | M | 4,870 | D | — | Oct 15, 2017 | Common Stock | 4,870 | 55,130 | D |
| Nq Stock OptionsF3 | $30.33 | Dec 14, 2016 | M | 4,615 | D | — | Oct 15, 2017 | Common Stock | 4,615 | 50,515 | D |
| Nq Stock OptionsF3 | $30.33 | Dec 15, 2016 | M | 20,515 | D | — | Oct 15, 2017 | Common Stock | 20,515 | 30,000 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | Oct 15, 2025 | Common Stock | 6,444 | 6,444 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 5,222 | 5,222 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $37.00 to $37.15. 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.
- F2This transaction was executed in multiple trades at prices ranging from $35.70 to $36.15. 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.
- F3Options are fully vested.
- F4Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- 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.
- F6Stock 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.