Keith D. Tucker - Nov 15, 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Interim CEO
Signature
/s/ Keith D. Tucker
Stock symbol
TISI
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 04:18 PM
Previous filing
Jun 22, 2022
Next filing
Nov 21, 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 +1.04K +3.75% $0.00 28.8K Nov 15, 2022 Direct F1
transaction TISI Common Stock Options Exercise $0 +1.12K +3.89% $0.00 30K Nov 15, 2022 Direct F1
transaction TISI Common Stock Options Exercise $0 +1.92K +6.42% $0.00 31.9K Nov 15, 2022 Direct F1
transaction TISI Common Stock Tax liability $0 -1.13K -3.54% $0.00 30.8K Nov 15, 2022 Direct F2
holding TISI Common Stock 8.16K Nov 15, 2022 401-K

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 Options Exercise $0 -1.04K -100% $0.00* 0 Nov 15, 2022 Common Stock 1.04K Direct F3, F4
transaction TISI Restricted Stock Units Options Exercise $0 -1.12K -50% $0.00 1.12K Nov 15, 2022 Common Stock 1.12K Direct F3, F5
transaction TISI Restricted Stock Units Options Exercise $0 -1.92K -50% $0.00 1.92K Nov 15, 2022 Common Stock 1.92K Direct F3, F6
* 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 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F4 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 the respective vesting schedule.
F5 Stock Units vest 25% on 11/15/2020, 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 the respective vesting schedule.
F6 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 the respective vesting schedule.