TEAM INC — Director's Dealing 2013

Oct 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2013-10-15

Reporting Person: Wallace Peter W Jr (President, Mechanical Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-15	Common Stock	M	1492	—	Acquired	15549	Direct
2013-10-15	Common Stock	M	1492	—	Acquired	17041	Direct
2013-10-15	Common Stock	M	1516	—	Acquired	18557	Direct
2013-10-15	Common Stock	M	1280	—	Acquired	19837	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-15	Restricted Stock Units	$	A	6374	Acquired	2023-10-15	Common Stock (6374)	Direct
2013-10-15	Restricted Stock Units	$	M	1492	Disposed	2019-10-14	Common Stock (1492)	Direct
2013-10-15	Restricted Stock Units	$	F	563	Disposed	2019-10-14	Common Stock (563)	Direct
2013-10-15	Restricted Stock Units	$	M	1492	Disposed	2020-10-15	Common Stock (1492)	Direct
2013-10-15	Restricted Stock Units	$	F	562	Disposed	2020-10-15	Common Stock (562)	Direct
2013-10-15	Restricted Stock Units	$	M	1516	Disposed	2021-10-14	Common Stock (1516)	Direct
2013-10-15	Restricted Stock Units	$	F	571	Disposed	2021-10-14	Common Stock (571)	Direct
2013-10-15	Restricted Stock Units	$	M	1280	Disposed	2022-10-15	Common Stock (1280)	Direct
2013-10-15	Restricted Stock Units	$	F	483	Disposed	2022-10-15	Common Stock (483)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10441	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nq Stock Options	$30.33	2017-10-15	Common Stock (22000)	22000	Direct

Footnotes

F1: Represents vesting of restricted Stock Units and conversion to Team Common Stock.

F2: Represents estimated shares held in 401K Plan.

F3: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.

F4: Stock Units vest 25% on 10/15/2014, 10/15/2015, 10/15/2016 and 10/15/2017, 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 10/15/2010, 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.

F6: Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.

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 10/15/2012, 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.

F9: 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.

F10: Options are fully vested.