TEAM INC — Director's Dealing 2012

Aug 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2012-08-14

Reporting Person: WATERS LOUIS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-14	Common Stock	S	15200	$30.4831	Disposed	326304	Direct
2012-08-15	Common Stock	S	15000	$30.2342	Disposed	311304	Direct
2012-08-16	Common Stock	S	19800	$31.3045	Disposed	291504	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 $30.06 to $31.09. 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 $30.00 to $30.52. 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 mutiple trades at prices ranging from $30.08 to $31.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to 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.