Filing Details

Accession Number:
0001127602-16-061499
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-08-30 17:04:17
Reporting Period:
2016-08-29
Filing Date:
2016-08-30
Accepted Time:
2016-08-30 17:04:17
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
1187994 W Ted Owen 13131 Dairy Ashford, Suite 600
Sugar Land TX 77478
President & 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 Disposition 2016-08-29 2,717 $31.86 0 No 4 S Indirect 401K Plan
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect 401K Plan
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 54,030 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Nq Stock Options $30.33 2017-10-15 24,000 24,000 Direct
Common Stock Restricted Stock Units $0.00 2022-10-15 1,764 1,764 Direct
Common Stock Restricted Stock Units $0.00 2023-10-15 3,187 3,187 Direct
Common Stock Restricted Stock Units $0.00 2024-10-15 6,363 6,363 Direct
Common Stock Restricted Stock Units $0.00 2025-10-15 10,024 10,024 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-10-15 24,000 24,000 Direct
2022-10-15 1,764 1,764 Direct
2023-10-15 3,187 3,187 Direct
2024-10-15 6,363 6,363 Direct
2025-10-15 10,024 10,024 Direct
Footnotes
  1. Total reallocation of 401K portfolio for retirement planning purposes resulted in 401K Plan sale of shares from Team stock fund (number of shares sold by 401K Plan is estimated).
  2. Options are fully vested.
  3. Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
  4. 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.
  5. 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.
  6. 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.
  7. 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.