TEAM INC — Director's Dealing 2011

Jun 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2011-06-23

Reporting Person: WILLIAMS SIDNEY B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-23	Common Stock	M	30000	$2.58	Acquired	167645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-23	Director Stock Options	$2.58	M	30000	Disposed	2011-09-27	Common Stock (30000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Options	$8.08	2014-09-23	Common Stock (30000)	30000	Direct
Director Stock Options	$27.72	2017-09-27	Common Stock (30000)	30000	Direct

Footnotes

F1: Options are fully vested.