TEAM INC — Director's Dealing 2014

Oct 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2014-10-14

Reporting Person: WATERS LOUIS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-14	Common Stock	S	10000	$39.0583	Disposed	177320	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 $38.12 to $39.58. 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 fo the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Options are fully vested.