TEAM INC — Director's Dealing 2014

Apr 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2014-04-10

Reporting Person: OWEN TED W (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-10	Common Stock	S	5000	$43.0075	Disposed	28694	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2622	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2023-10-15	Common Stock (6374)	6374	Direct
Restricted Stock Units	$	2022-10-15	Common Stock (5291)	5291	Direct
Restricted Stock Units	$	2021-10-14	Common Stock (4174)	4174	Direct
Restricted Stock Units	$	2020-10-15	Common Stock (2055)	2055	Direct
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: This transaction was executed in multiple trades at prices ranging from $42.79 to $43.20. 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: 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 10/15/2013, 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.

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 10/15/2011, 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: Options are fully vested.