Filing Details

Accession Number:
0001127602-15-024654
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-08-11 12:12:16
Reporting Period:
2015-08-07
Filing Date:
2015-08-11
Accepted Time:
2015-08-11 12:12:16
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 13131 Dairy Ashford, Suite 600
Sugar Land TX 77478
Executive Chairman 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 Disposition 2015-08-07 40,756 $44.89 159,404 No 4 S Indirect Family Ltd Partnership
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Family Ltd Partnership
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 30,155 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 2024-10-15 10,443 10,443 Direct
Common Stock Restricted Stock Units $0.00 2023-10-15 12,879 12,879 Direct
Common Stock Restricted Stock Units $0.00 2022-10-15 9,502 9,502 Direct
Common Stock Restricted Stock Units $0.00 2021-10-14 5,962 5,962 Direct
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
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-10-15 10,443 10,443 Direct
2023-10-15 12,879 12,879 Direct
2022-10-15 9,502 9,502 Direct
2021-10-14 5,962 5,962 Direct
2017-10-15 120,000 120,000 Direct
2016-10-17 120,000 120,000 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $$44.42 to $45.34. 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.
  2. Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
  3. Stock 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.
  4. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2014, 10/15/2015, 10/15/2016, 10/15/2017, 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.
  5. 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.
  6. 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.
  7. Options are fully vested.