TEAM INC — Major Shareholding Notification 2010

Feb 11, 2010

SC 13G 1 a10-3557_2sc13g.htm SC 13G

| UNITED
STATES |
| --- |
| SECURITIES
AND EXCHANGE COMMISSION |
| Washington,
D.C. 20549 |

*SCHEDULE 13G*

*(Rule 13d-102)*

*INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT*

*TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED*

*PURSUANT TO RULE 13d-2*

*Under the Securities Exchange Act of 1934*

*Team, Inc.*

(Name of Issuer)

*Common Stock*

(Title of Class of Securities)

*878155100*

(CUSIP Number)

*December 31, 2009*

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x	Rule 13d-1(b)
o	Rule 13d-1(c)
o	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 878155100 — 1	Name of Reporting Persons EdgePoint Investment Management Inc.
2	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	o
	(b)	o
3	SEC Use Only
4	Citizenship or Place of
Organization Ontario
Number of Shares Beneficially Owned by Each Reporting Person With:	5	Sole Voting Power 1,038,100
	6	Shared Voting Power 0
	7	Sole Dispositive Power 1,038,100
	8	Shared Dispositive Power 0
9	Aggregate Amount
Beneficially Owned by Each Reporting Person 1,038,100 Common Shares are held within one or more mutual fund trusts and/or
pooled investment vehicles by EdgePoint Investment Management Inc., none of
which own more than 5% of the outstanding shares.
10	Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) o
11	Percent of Class
Represented by Amount in Row (9) 5.5%(1)
12	Type of Reporting Person
(See Instructions) FI

(1) The calculation of percentage of beneficial ownership was derived from the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on January 8, 2010 in which the Issuer stated that the number of shares of its common stock outstanding at December 30, 2009 was 18,947,275 shares.

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CUSIP No. 878155100
Item 1.
	(a)	Name of Issuer: Team, Inc.
	(b)	Address of Issuer’s
Principal Executive Offices: 200 Hermann Drive, Alvin, Texas, 77511
Item 2.
	(a)	Name of Person Filing: EdgePoint Investment Management Inc. (“EIM”)
	(b)	Address of Principal
Business Office or, if none, Residence: 1000 Yonge Street, Suite 200, Toronto, Ontario M4W 2K2, Canada
	(c)	Citizenship: EdgePoint Investment Management Inc. is a corporation organized under the
laws of Ontario
	(d)	Title of Class of
Securities: Common Stock
	(e)	CUSIP Number: 878155100
Item 3.	If this statement is filed pursuant
to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
	(a)	o	Broker or dealer
registered under Section 15 of the Exchange Act;
	(b)	o	Bank as defined in Section
3(a)(6) of the Exchange Act;
	(c)	o	Insurance company as
defined in Section 3(a)(19) of the Exchange Act;
	(d)	o	Investment company
registered under Section 8 of the Investment Company Act;
	(e)	o	An investment adviser in
accordance with Rule 13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan
or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
	(g)	o	A parent holding company
or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
	(h)	o	A savings association as
defined in Section 3(b) of the Federal Deposit Insurance Act;
	(i)	o	A church plan that is
excluded from the definition of an investment company under Section 3(c)(14)
of the Investment Company Act;
	(j)	x	A non-U.S. institution in
accordance with Rule 13d-1(b)(1)(ii)(J);
	(k)	o	Group, in accordance with
Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule
13d-1(b)(1)(ii)(J), please specify the type of institution: IA

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CUSIP No. 878155100 — Item 4.	Ownership.
Reference is hereby made
to Items 5-9 and 11 of this Schedule 13G, which Items are incorporated by
reference herein. EIM is filing this Schedule 13G because it acts as the investment adviser
of one or more mutual fund trusts and/or pooled investment that beneficially hold common stock that equal the
aggregate amount set forth on page 2 of this Schedule 13G (the “ Securities ”). As investment adviser, EIM has been granted
the authority to dispose of and vote the Securities. The mutual
fund trusts and/or pooled
investment vehicles have the
right to receive (or the power to direct the receipt of) dividends received
in connection with ownership of the Securities, and the proceeds from the
sale of the Securities. Under the definition of
“beneficial ownership” in Rule 13d-3 under the Securities Exchange Act of
1934, it is also possible that one or more members, executive officers or
employees of EIM might be deemed a “beneficial owner” of some or all of the
securities to which this Schedule relates in that they might be deemed to
share the power to direct the voting or disposition of such securities.
Neither the filing of this Schedule nor any of its contents shall be deemed
to constitute an admission that any of such individuals is, for any purpose,
the beneficial owner of any of the securities to which this Schedule relates,
and such beneficial ownership is expressly disclaimed. Further, any such
person and/or other persons associated with the Reporting Person or its
affiliates may beneficially own additional securities of the Issuer, which
securities are not reflected in this Statement and Reporting Person, its
affiliates and such persons expressly disclaim any “group” status or shared
investment control with respect to such securities.
	(a)	Amount beneficially
owned: 1,038,100
	(b)	Percent of class: 5.5%
	(c)	Number of shares as to
which the person has:
		(i)	Sole power to vote or to
direct the vote 1,038,100
		(ii)	Shared power to vote or to
direct the vote: 0
		(iii)	Sole power to dispose or
to direct the disposition of: 1,038,100
		(iv)	Shared power to dispose or
to direct the disposition of: 0
Item 5.	Ownership of Five Percent or Less
of a Class
Not Applicable
Item 6	Ownership of More than Five Percent
on Behalf of Another Person.
EIM is filing this
Schedule 13G because, as the investment adviser of one or more mutual fund
trusts and/or pooled
investment vehicles that
beneficially hold the Securities, EIM
has been granted the authority to dispose of and vote such Securities.
The investment partnerships have the right to receive (or the power to direct
the receipt of) dividends received in connection with ownership of the
Securities, and the proceeds from the sale of the Securities.
Item 7.	Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company or Control Person.
Not Applicable
Item 8.	Identification and Classification
of Members of the Group
Not Applicable
Item 9.	Notice of Dissolution of Group
Not Applicable

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CUSIP No. 878155100
Item 10	Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect. By signing below I also certify that, to the best of
my knowledge and belief, the foreign regulatory scheme applicable to
investment advisers is substantially comparable to the regulatory scheme
applicable to the functionally equivalent U.S. institution(s). I also
undertake to furnish to the Commission staff, upon request, information that
would otherwise be disclosed in a Schedule 13D.

*Signature*

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 11, 2010
Date
/s/ Patrick Farmer
Patrick Farmer/Chief
Compliance Officer

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