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TEAM INC — Director's Dealing 2016
Mar 22, 2016
34287_dirs_2016-03-22_97c97f5a-8a00-4aa0-a4dc-feef7d801990.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: 2016-03-18
Reporting Person: Victorson Arthur F (President, Insp & Heat Treat)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-18 | Common Stock | S | 12132 | $26.93 | Disposed | 11750 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4738 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | 2025-10-15 | Common Stock (7876) | 7876 | Direct |
| Restricted Stock Units | $ | 2024-10-15 | Common Stock (4896) | 4896 | Direct |
| Restricted Stock Units | $ | 2023-10-15 | Common Stock (3187) | 3187 | Direct |
| Restricted Stock Units | $ | 2022-10-15 | Common Stock (1506) | 1506 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $26.66 to $27.38. 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: 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 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.
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.
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.