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: Victorson Arthur F (President, Insp & Heat Treat)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-15	Common Stock	M	1166	—	Acquired	14100	Direct
2013-10-15	Common Stock	M	1060	—	Acquired	15160	Direct
2013-10-15	Common Stock	M	1015	—	Acquired	16175	Direct
2013-10-15	Common Stock	M	854	—	Acquired	17029	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	1166	Disposed	2019-10-14	Common Stock (1166)	Direct
2013-10-15	Restricted Stock Units	$	F	889	Disposed	2019-10-14	Common Stock (889)	Direct
2013-10-15	Restricted Stock Units	$	M	1060	Disposed	2020-10-15	Common Stock (1060)	Direct
2013-10-15	Restricted Stock Units	$	F	808	Disposed	2020-10-15	Common Stock (808)	Direct
2013-10-15	Restricted Stock Units	$	M	1015	Disposed	2021-10-14	Common Stock (1015)	Direct
2013-10-15	Restricted Stock Units	$	F	774	Disposed	2021-10-14	Common Stock (774)	Direct
2013-10-15	Restricted Stock Units	$	M	854	Disposed	2022-10-15	Common Stock (854)	Direct
2013-10-15	Restricted Stock Units	$	F	651	Disposed	2022-10-15	Common Stock (651)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4836	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nq Stock Options	$30.33	2017-10-15	Common Stock (24000)	24000	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.