TEAM INC — Director's Dealing 2014

Jan 31, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2014-01-16

Reporting Person: Ott Jeffrey L (President, Quest Integrity Grp)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-16	Common Stock	J	62650	—	Disposed	0	Indirect
2014-01-16	Common Stock	J	62650	—	Acquired	63104	Direct
2014-01-30	Common Stock	G	215	—	Disposed	62889	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2021-10-14	Common Stock (497)	497	Direct
Restricted Stock Units	$	2022-10-15	Common Stock (685)	685	Direct
Restricted Stock Units	$	2023-10-15	Common Stock (5083)	5083	Direct

Footnotes

F1: Dissolution of Family Limited Liability Company.

F2: Reporting person made a gift of Team, Inc. shares to a charitable organization.

F3: Stock Units convert on a 1-on-1 basis into shares of Team Common Stock.

F4: 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.

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 10/15/2014, 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.