AI assistant
TEAM INC — Director's Dealing 2014
Apr 15, 2014
34287_dirs_2014-04-15_d23f83c1-5b9e-415e-9a2e-46d7447f0e13.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2014-04-11
Reporting Person: HAWK PHILIP J (Director, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-04-11 | Common Stock | M | 10000 | $9.69 | Acquired | 29310 | Direct |
| 2014-04-11 | Common Stock | M | 10000 | $9.57 | Acquired | 39310 | Direct |
| 2014-04-11 | Common Stock | M | 4000 | $9.43 | Acquired | 43310 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-04-11 | Iso Stock Options | $9.69 | M | 10000 | Disposed | 2015-05-11 | Common Stock (10000) | Direct |
| 2014-04-11 | Iso Stock Options | $9.57 | M | 10000 | Disposed | 2015-05-12 | Common Stock (10000) | Direct |
| 2014-04-11 | Iso Stock Options | $9.43 | M | 4000 | Disposed | 2015-05-13 | Common Stock (4000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 355160 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | 2023-10-15 | Common Stock (17171) | 17171 | Direct |
| Restricted Stock Units | $ | 2022-10-15 | Common Stock (14253) | 14253 | Direct |
| Restricted Stock Units | $ | 2021-10-14 | Common Stock (11924) | 11924 | Direct |
| Restricted Stock Units | $ | 2020-10-15 | Common Stock (6226) | 6226 | Direct |
| Nq Stock Options | $30.33 | 2017-10-15 | Common Stock (120000) | 120000 | Direct |
| Nq Stock Options | $15.27 | 2016-10-17 | Common Stock (120000) | 120000 | Direct |
| Nq Stock Options | $13.28 | 2016-01-17 | Common Stock (100000) | 100000 | Direct |
| Nq Stock Options | $9.63 | 2015-08-17 | Common Stock (46000) | 46000 | Direct |
| Nq Stock Options | $9.23 | 2015-08-12 | Common Stock (40000) | 40000 | Direct |
Footnotes
F1: Options are fully vested.
F2: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F3: Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2014, 10/15/2015, 10/15/2016, 10/15/2017, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
F4: Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
F5: Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
F6: Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.