Filing Details

Accession Number:
0000318833-19-000062
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-12-17 15:43:34
Reporting Period:
2019-12-13
Accepted Time:
2019-12-17 15:43:34
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
1554999 M. Susan Ball 13131 Dairy Ashford, Suite 600
Sugar Land TX 77478
Executive Vice President & Cfo No 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 2019-12-13 6,500 $16.30 6,500 No 4 P Direct
Common Stock Acquisiton 2019-12-14 2,994 $0.00 9,494 No 4 M Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 M Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2019-12-14 2,994 $0.00 2,994 $0.00
Common Stock Restricted Stock Units Disposition 2019-12-14 964 $0.00 964 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
12,838 2028-12-14 No 4 M Direct
11,874 2028-12-14 No 4 F 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 2029-11-15 14,372 14,372 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2029-11-15 14,372 14,372 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $16.23 to $16.34. The price reported above reflects the weighted average purchase 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. Represents vesting of Restricted Stock Units and conversion to Team Common Stock.
  3. Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
  4. Stock Units vest 25% on 11/15/2020, 11/15/2021, 11/15/2022 and 11/15/2023, 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.
  5. Stock Units vest 25% on 12/14/2019, 12/14/2020, 12/14/2021 and 12/14/2022, 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.
  6. Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.