AI assistant
TEAM INC — Director's Dealing 2015
Oct 20, 2015
34287_dirs_2015-10-19_6b8e8aea-ae12-49ae-9631-e81b8a480f4b.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: 2015-10-15
Reporting Person: Victorson Arthur F (President, Insp & Heat Treat)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-10-15 | Common Stock | M | 950 | — | Acquired | 21370 | Direct |
| 2015-10-15 | Common Stock | M | 799 | — | Acquired | 22169 | Direct |
| 2015-10-15 | Common Stock | M | 847 | — | Acquired | 23016 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-10-15 | Restricted Stock Units | $ | A | 7876 | Acquired | 2025-10-15 | Common Stock (7876) | Direct |
| 2015-10-15 | Restricted Stock Units | $ | M | 950 | Disposed | 2021-10-14 | Common Stock (950) | Direct |
| 2015-10-15 | Restricted Stock Units | $ | F | 839 | Disposed | 2021-10-14 | Common Stock (839) | Direct |
| 2015-10-15 | Restricted Stock Units | $ | M | 799 | Disposed | 2022-10-15 | Common Stock (799) | Direct |
| 2015-10-15 | Restricted Stock Units | $ | F | 706 | Disposed | 2022-10-15 | Common Stock (706) | Direct |
| 2015-10-15 | Restricted Stock Units | $ | M | 847 | Disposed | 2023-10-15 | Common Stock (847) | Direct |
| 2015-10-15 | Restricted Stock Units | $ | F | 747 | Disposed | 2023-10-15 | Common Stock (747) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4774 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | 2024-10-15 | Common Stock (6527) | 6527 | 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 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.
F5: 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.
F6: Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
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.
F9: 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.