TEAM INC — Director's Dealing 2014

Oct 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2014-10-15

Reporting Person: OWEN TED W (President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-15	Common Stock	M	1492	—	Acquired	30186	Direct
2014-10-15	Common Stock	M	1516	—	Acquired	31702	Direct
2014-10-15	Common Stock	M	1281	—	Acquired	32983	Direct
2014-10-15	Common Stock	M	1157	—	Acquired	34140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-15	Restricted Stock Units	$	M	1492	Disposed	2020-10-15	Common Stock (1492)	Direct
2014-10-15	Restricted Stock Units	$	F	563	Disposed	2020-10-15	Common Stock (0)	Direct
2014-10-15	Restricted Stock Units	$	M	1516	Disposed	2021-10-14	Common Stock (1516)	Direct
2014-10-15	Restricted Stock Units	$	F	571	Disposed	2021-10-14	Common Stock (0)	Direct
2014-10-15	Restricted Stock Units	$	M	1281	Disposed	2022-10-15	Common Stock (1281)	Direct
2014-10-15	Restricted Stock Units	$	F	483	Disposed	2022-10-15	Common Stock (0)	Direct
2014-10-15	Restricted Stock Units	$	M	1157	Disposed	2023-10-15	Common Stock (1157)	Direct
2014-10-15	Restricted Stock Units	$	F	436	Disposed	2023-10-15	Common Stock (0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2713	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (10010)	10010	Direct
Iso Stock Options	$9.23	2015-08-12	Common Stock (18990)	18990	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 10/15/2011, 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.

F5: Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.

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 10/15/2013, 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.

F8: 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.

F9: Options are fully vested.