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TEAM INC — Director's Dealing 2009
Oct 17, 2009
34287_dirs_2009-10-16_3d469d31-99f6-49ef-aa35-9d3c64779e70.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2009-10-14
Reporting Person: KEARNS JOHN P (Sr. Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-10-14 | Common Stock | M | 1242 | — | Acquired | 1242 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-10-14 | Restricted Stock Units | $ | M | 1242 | Disposed | 2018-10-15 | Common Stock (1242) | Direct |
| 2009-10-14 | Restricted Stock Units | $ | F | 447 | Disposed | 2018-10-15 | Common Stock (447) | Direct |
| 2009-10-15 | Restricted Stock Units | $ | A | 8222 | Acquired | 2019-10-14 | Common Stock (8222) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Iso Stock Options | $1.95 | 2011-07-20 | Common Stock (20000) | 20000 | Direct |
| Iso Stock Options | $4.50 | 2012-06-27 | Common Stock (4000) | 4000 | Direct |
| Iso Stock Options | $4.13 | 2013-06-26 | Common Stock (8000) | 8000 | Direct |
| Iso Stock Options | $7.84 | 2014-06-24 | Common Stock (16000) | 16000 | Direct |
| Iso Stock Options | $9.23 | 2015-08-12 | Common Stock (29872) | 29872 | Direct |
| Nq Stock Options | $9.23 | 2015-08-12 | Common Stock (128) | 128 | Direct |
| Nq Stock Options | $15.27 | 2016-10-17 | Common Stock (20000) | 20000 | Direct |
| Nq Stock Options | $30.33 | 2017-10-15 | Common Stock (24000) | 24000 | Direct |
Footnotes
F1: Represents vesting of restricted Stock Units and conversion to Team Common Stock.
F2: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F3: Stock Units vest 25% 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 in accordance with the respective vesting schedule.
F4: Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
F5: Stock units vest 25% on 10/14/2010, 10/14/2011, 10/14/2012 and 10/14/2013, 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.
F6: Options are fully vested.
F7: Vesting 25% on each of the first 4 anniversaries following the date of issue.