SEC Form 4 · accession 0001127602-18-035732
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andre C Bouchard
Officer — Exec VP & Chief Legal Officer
Period of report
Dec 7, 2018
Accepted (ET)
Dec 10, 2018 · 5:49 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 | Dec 7, 2018 | S | 2,911 | $17.004 | D | 33,722 | D | |
| Common Stock | holding | — | — | — | 2,148 | 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 | — | holding | — | — | — | — | Oct 15, 2025 | Common Stock | 1,432 | 1,432 | D |
| Restricted Stock UnitsF2,F4 | — | holding | — | — | — | — | Nov 15, 2026 | Common Stock | 3,057 | 3,057 | D |
| Restricted Stock UnitsF2,F5 | — | holding | — | — | — | — | Nov 15, 2027 | Common Stock | 11,495 | 11,495 | D |
| Restricted Stock UnitsF2,F6 | — | holding | — | — | — | — | Nov 15, 2028 | Common Stock | 11,105 | 11,105 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $17.00 to $17.05. 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 at which the transaction was effected.
- 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 11/15/2017, 11/15/2018, 11/15/2019 and 11/15/2020, 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 11/15/2018, 11/15/2019, 11/15/2020 and 11/15/2021, 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 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022, 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.