Andre C. Bouchard - 15 Nov 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Issuer symbol
TISI
Transactions as of
15 Nov 2022
Net transactions value
$0
Form type
4
Filing time
17 Nov 2022, 16:17:42 UTC
Previous filing
23 Dec 2021
Next filing
21 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise $0 +2,777 +3.9% $0.000000 73,247 15 Nov 2022 Direct F1
transaction TISI Common Stock Options Exercise $0 +2,994 +4.1% $0.000000 76,241 15 Nov 2022 Direct F1
transaction TISI Common Stock Options Exercise $0 +5,128 +6.7% $0.000000 81,369 15 Nov 2022 Direct F1
transaction TISI Common Stock Tax liability $0 -2,656 -3.3% $0.000000 78,713 15 Nov 2022 Direct F2
holding TISI Common Stock 10,596 15 Nov 2022 401K Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TISI Restricted Stock Units Award $0 +261,628 $0.000000 261,628 15 Nov 2022 Common Stock 261,628 Direct F4, F5
transaction TISI Restricted Stock Units Options Exercise $0 -2,777 -100% $0.000000* 0 15 Nov 2022 Common Stock 2,777 Direct F4, F6
transaction TISI Restricted Stock Units Options Exercise $0 -2,994 -50% $0.000000 2,995 15 Nov 2022 Common Stock 2,994 Direct F4, F6
transaction TISI Restricted Stock Units Options Exercise $0 -5,128 -50% $0.000000 5,128 15 Nov 2022 Common Stock 5,128 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of restricted Stock Units and conversion to Team Common Stock.
F2 Represents total Stock Units withheld to satisfy tax obligations for vesting on 11/15/2022.
F3 Represents estimated shares held in 401K Plan.
F4 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F5 Stock Units Vest one-third on 11/15/2023, 11/15/2024 and 11/15/2025, 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 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022 unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.
F7 Stock Units vest one third on 11/15/2021, 11/15/2022 and 11/15/2023, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.