TEAM INC — Director's Dealing 2012

Nov 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2012-11-13

Reporting Person: Victorson Arthur F (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-13	Common Stock	M	11077	$15.97	Acquired	24011	Direct
2012-11-13	Common Stock	S	11077	$32.605	Disposed	12934	Direct
2012-11-13	Common Stock	M	18923	$15.97	Acquired	31857	Direct
2012-11-13	Common Stock	S	18923	$32.605	Disposed	12934	Direct
2012-11-13	Common Stock	M	9000	$15.27	Acquired	21934	Direct
2012-11-13	Common Stock	S	9000	$32.605	Disposed	12934	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-13	Iso Stock Options	$15.97	M	11077	Disposed	2016-04-12	Common Stock (11077)	Direct
2012-11-13	Nq Stock Options	$15.97	M	18923	Disposed	2016-04-12	Common Stock (18923)	Direct
2012-11-13	Nq Stock Options	$15.27	M	9000	Disposed	2016-10-17	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4836	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2022-10-15	Common Stock (6021)	6021	Direct
Restricted Stock Units	$	2021-10-14	Common Stock (5367)	5367	Direct
Restricted Stock Units	$	2020-10-15	Common Stock (3736)	3736	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

Footnotes

F1: This transaction was exectued in multiple trades at prices ranging from $32.43 - $32.66. 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 trasaction was effected.

F2: Represents estimated shares held in 401K Plan.

F3: Options are fully vested.

F4: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.

F5: 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.

F6: 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.

F7: 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.

F8: 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.