TEAM INC — Director's Dealing 2010

Nov 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2010-11-22

Reporting Person: Bouchard Andre C (Sr. Vice Pres. & Gen. Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-22	Restricted Stock Units	$	A	6724	Acquired	2020-10-15	Common Stock (6724)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6771	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2019-10-14	Common Stock (6166)	6166	Direct
Restricted Stock Units	$	2018-10-15	Common Stock (3377)	3377	Direct
Nq Stock Options	$31.75	2018-01-17	Common Stock (25000)	25000	Direct

Footnotes

F1: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.

F2: Stock Units vest 25% 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 in accordance with the respective vesting schedule.

F3: Stock Units vest 25% 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 in accordance with the respective vesting schedule.

F4: 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.

F5: 6,250 Exercisable on 1/17/09, 6,250 Exercisable on 1/17/10, 6,250 Exercisable on 1/17/11 and 6,250 Exercisable on 1/17/12.