Filing Details
- Accession Number:
- 0001127602-12-028793
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-10-17 16:49:41
- Reporting Period:
- 2012-10-15
- Filing Date:
- 2012-10-17
- Accepted Time:
- 2012-10-17 16:49:41
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 318833 | Team Inc | TISI | Services-Miscellaneous Repair Services (7600) | 741765729 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1095235 | J Philip Hawk | 200 Hermann Dr Alvin TX 77511 | Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2012-10-15 | 5,034 | $0.00 | 372,075 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2012-10-15 | 5,599 | $0.00 | 377,674 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2012-10-15 | 4,578 | $0.00 | 382,252 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2012-10-15 | 4,385 | $0.00 | 386,637 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2012-10-16 | 30,000 | $32.71 | 356,637 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2012-10-15 | 19,003 | $0.00 | 19,003 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 5,034 | $0.00 | 5,034 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 1,811 | $0.00 | 1,811 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 5,599 | $0.00 | 5,599 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 2,014 | $0.00 | 2,014 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 4,578 | $0.00 | 4,578 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 1,647 | $0.00 | 1,647 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 4,385 | $0.00 | 4,385 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2012-10-15 | 1,577 | $0.00 | 1,577 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 19,003 | 2022-10-15 | No | 4 | A | Direct | |
| 1,811 | 2018-10-15 | No | 4 | M | Direct | |
| 0 | 2018-10-15 | No | 4 | F | Direct | |
| 9,626 | 2019-10-14 | No | 4 | M | Direct | |
| 7,612 | 2019-10-14 | No | 4 | F | Direct | |
| 14,098 | 2020-10-15 | No | 4 | M | Direct | |
| 12,451 | 2020-10-15 | No | 4 | F | Direct | |
| 19,463 | 2021-10-14 | No | 4 | M | Direct | |
| 17,886 | 2021-10-14 | No | 4 | F | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Nq Stock Options | $30.33 | 2017-10-15 | 120,000 | 120,000 | Direct | |
| Common Stock | Nq Stock Options | $15.27 | 2016-10-17 | 120,000 | 120,000 | Direct | |
| Common Stock | Nq Stock Options | $13.28 | 2016-01-17 | 100,000 | 100,000 | Direct | |
| Common Stock | Nq Stock Options | $9.63 | 2015-08-17 | 46,000 | 46,000 | Direct | |
| Common Stock | Nq Stock Options | $9.23 | 2015-08-12 | 40,000 | 40,000 | Direct | |
| Common Stock | Iso Stock Options | $9.43 | 2015-05-13 | 4,000 | 4,000 | Direct | |
| Common Stock | Iso Stock Options | $9.57 | 2015-05-12 | 10,000 | 10,000 | Direct | |
| Common Stock | Iso Stock Options | $9.69 | 2015-05-11 | 10,000 | 10,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2017-10-15 | 120,000 | 120,000 | Direct |
| 2016-10-17 | 120,000 | 120,000 | Direct |
| 2016-01-17 | 100,000 | 100,000 | Direct |
| 2015-08-17 | 46,000 | 46,000 | Direct |
| 2015-08-12 | 40,000 | 40,000 | Direct |
| 2015-05-13 | 4,000 | 4,000 | Direct |
| 2015-05-12 | 10,000 | 10,000 | Direct |
| 2015-05-11 | 10,000 | 10,000 | Direct |
Footnotes
- Represents vesting of restricted Stock Units and conversion to Team Common Stock.
- This transaction was executed in multiple trades at prices ranging from $32.50 to $33.04. 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.
- Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
- Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/14/2009, 10/14/2010, 10/14/2011 and 10/15/2012, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
- Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
- Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2010, 10/15/2011, 10/15/2012 and 10/15/2013, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
- Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2011, 10/15/2012, 10/15/2013 and 10/15/2014, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
- Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2012, 10/15/2013, 10/15/2014 and 10/15/2015, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
- Options are fully vested.
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