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TEAM INC — Director's Dealing 2015
Nov 5, 2015
34287_dirs_2015-11-05_faf14f2a-cf62-404e-8d05-e1f09aef404f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2015-11-04
Reporting Person: Wallace Peter W Jr (President, Mechanical Services)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-04 | Common Stock | M | 878 | — | Acquired | 25010 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-04 | Restricted Stock Units | $ | M | 878 | Disposed | 2024-10-15 | Common Stock (878) | Direct |
| 2015-11-04 | Restricted Stock Units | $ | F | 636 | Disposed | 2024-10-15 | Common Stock (636) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5122 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | 2025-10-15 | Common Stock (6645) | 6645 | Direct |
| Restricted Stock Units | $ | 2023-10-15 | Common Stock (3187) | 3187 | Direct |
| Restricted Stock Units | $ | 2022-10-15 | Common Stock (1764) | 1764 | Direct |
Footnotes
F1: Represents vesting of restricted Stock Units and conversion to Team Common Stock.
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 11/4/2015, 10/15/2016, 10/15/2017 and 10/15/2018, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the repective vesting schedule.
F5: Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
F6: Stock Units vest 25% on 10/15/2016, 10/15/2017, 10/15/2018 and 10/15/2019, 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 10/15/2014, 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.
F8: 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.