TEAM INC — Director's Dealing 2012

Nov 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2012-11-02

Reporting Person: KEARNS JOHN P (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-02	Common Stock	S	101	$33.25	Disposed	27042	Direct
2012-11-02	Common Stock	S	6500	$32.50	Disposed	20542	Direct
2012-11-05	Common Stock	S	3399	$32.5058	Disposed	17143	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6981	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2022-10-15	Common Stock (5352)	5352	Direct
Restricted Stock Units	$	2021-10-14	Common Stock (4770)	4770	Direct
Restricted Stock Units	$	2020-10-15	Common Stock (3362)	3362	Direct
Restricted Stock Units	$	2019-10-14	Common Stock (2055)	2055	Direct
Nq Stock Options	$30.33	2017-10-15	Common Stock (24000)	24000	Direct
Nq Stock Options	$15.27	2016-10-17	Common Stock (20000)	20000	Direct
Nq Stock Options	$9.23	2015-08-12	Common Stock (128)	128	Direct
Iso Stock Options	$9.23	2015-08-12	Common Stock (29872)	29872	Direct
Iso Stock Options	$7.84	2014-06-24	Common Stock (16000)	16000	Direct
Iso Stock Options	$4.13	2013-06-26	Common Stock (8000)	8000	Direct

Footnotes

F1: Represents estimated shares held in 401K Plan.

F2: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.

F3: Stock Units vest 25% on 10/15/2013, 10/15/2014, 10/15/2015 and 10/15/2016, 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 10/15/2012, 10/15/2013, 10/15/2014, and 10/15/2015, 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: 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.

F6: 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.

F7: Options are fully vested.