TEAM INC — Director's Dealing 2015

Feb 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2015-02-12

Reporting Person: Victorson Arthur F (President, Insp & Heat Treat)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-12	Common Stock	S	1184	$39.00	Disposed	20420	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4751	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$	2024-10-15	Common Stock (6527)	6527	Direct
Restricted Stock Units	$	2023-10-15	Common Stock (4781)	4781	Direct
Restricted Stock Units	$	2022-10-15	Common Stock (3011)	3011	Direct
Restricted Stock Units	$	2021-10-14	Common Stock (1789)	1789	Direct

Footnotes

F1: Represents estimated shares held in 401K Plan.

F2: Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.

F3: 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.

F4: 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.

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 10/15/2012, 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.