Filing Details

Accession Number:
0001127602-14-025335
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-08-12 17:06:44
Reporting Period:
2014-08-11
Filing Date:
2014-08-12
Accepted Time:
2014-08-12 17:06:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
318833 Team Inc TISI Services-Miscellaneous Repair Services (7600) 741765729
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1095235 J Philip Hawk 13131 Dairy Ashford, Suite 600
Sugar Land TX 77478
Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-08-11 40,000 $9.23 83,310 No 4 M Direct
Common Stock Disposition 2014-08-11 40,000 $40.08 43,310 No 4 S Direct
Common Stock Acquisiton 2014-08-11 46,000 $9.63 89,310 No 4 M Direct
Common Stock Disposition 2014-08-11 46,000 $40.08 43,310 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Nq Stock Options Disposition 2014-08-11 40,000 $0.00 40,000 $9.23
Common Stock Nq Stock Options Disposition 2014-08-11 46,000 $0.00 46,000 $9.63
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-08-12 No 4 M Direct
0 2015-08-17 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 355,160 Indirect Family Ltd Partnership
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 2023-10-15 17,171 17,171 Direct
Common Stock Restricted Stock Units $0.00 2022-10-15 14,253 14,253 Direct
Common Stock Restricted Stock Units $0.00 2021-10-14 11,924 11,924 Direct
Common Stock Restricted Stock Units $0.00 2020-10-15 6,226 6,226 Direct
Common Stock Nq Stock Options $30.33 2017-10-15 120,000 120,000 Direct
Common Stock Nq Stock Options $15.27 2016-10-17 120,000 120,000 Direct
Common Stock Nq Stock Options $13.28 2016-01-17 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2023-10-15 17,171 17,171 Direct
2022-10-15 14,253 14,253 Direct
2021-10-14 11,924 11,924 Direct
2020-10-15 6,226 6,226 Direct
2017-10-15 120,000 120,000 Direct
2016-10-17 120,000 120,000 Direct
2016-01-17 100,000 100,000 Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $39.75 to $40.48. 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.
  2. Options are fully vested.
  3. Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
  4. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2014, 10/15/2015, 10/15/2016, 10/15/2017, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.
  5. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
  6. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
  7. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2011, 10/15/2012, 10/15/2013 and 10/15/2014, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule.