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Filing Details

Accession Number:: 0001127602-15-031103
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-11-12 10:43:37
Reporting Period:: 2015-11-10

Filing Date:: 2015-11-12
Accepted Time:: 2015-11-12 10:43:37
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-11-10	60,000	$15.27	100,379	No	4	M	Direct
Common Stock	Disposition	2015-11-10	60,000	$37.92	40,379	No	4	S	Direct
Common Stock	Disposition	2015-11-10	30,881	$37.92	128,523	No	4	S	Indirect	Family Ltd Partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	Family Ltd Partnership

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Nq Stock Options	Disposition	2015-11-10	60,000	$0.00	60,000	$15.27

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
60,000		2016-10-17	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	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	Restricted Stock Units	$0.00	2022-10-15	4,751	4,751	Direct
Common Stock	Restricted Stock Units	$0.00	2023-10-15	8,586	8,586	Direct
Common Stock	Restricted Stock Units	$0.00	2024-10-15	7,833	7,833	Direct
Common Stock	Restricted Stock Units	$0.00	2025-10-15	8,592	8,592	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-10-15	120,000	120,000	Direct
2022-10-15	4,751	4,751	Direct
2023-10-15	8,586	8,586	Direct
2024-10-15	7,833	7,833	Direct
2025-10-15	8,592	8,592	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $37.82 to $38.12. 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.
This transaction was executed in multiple trades at prices ranging from $37.82 to $38.15. 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.
Options are fully vested.
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 10/15/2014, 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.
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.
Stock 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.