TEAM INC — Director's Dealing 2010

Apr 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2010-04-28

Reporting Person: WATERS LOUIS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-28	Common Stock	S	8000	$17.1589	Disposed	351255	Direct
2010-04-29	Common Stock	S	8300	$17.3013	Disposed	342955	Direct
2010-04-30	Common Stock	S	8700	$17.526	Disposed	334255	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Options	$4.30	2012-09-26	Common Stock (30000)	30000	Direct
Director Stock Options	$10.87	2015-09-29	Common Stock (30000)	30000	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $17.00 to $17.60. 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.

F2: This transaction was executed in multiple trades at prices ranging from $17.04 to $17.30. 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.

F3: This transaction was executed in multiple trades at prices ranging from $17.45 to $17.615. 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.

F4: Options are fully vested.