TEAM INC — Director's Dealing 2014

Jan 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2014-01-13

Reporting Person: Wallace Peter W Jr (President, Mechanical Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-13	Common Stock	M	22000	$30.33	Acquired	41837	Direct
2014-01-13	Common Stock	S	22000	$46.337	Disposed	19837	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-13	Nq Stock Options	$30.33	M	22000	Disposed	2017-10-15	Common Stock (22000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10441	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2020-10-15	Common Stock (2055)	2055	Direct
Restricted Stock Units	$	2021-10-14	Common Stock (4174)	4174	Direct
Restricted Stock Units	$	2022-10-15	Common Stock (5291)	5291	Direct
Restricted Stock Units	$	2023-10-15	Common Stock (6374)	6374	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $46.14 to $46.49. 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: Options are fully vested.

F4: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.

F5: 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.

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.