McCloskey James P 4

4 · TEAM INC · Filed Nov 17, 2020

Form 4

Period: 2020-11-15

Sr VP, Commercial

Transactions

Exercise/Conversion
Common Stock
2020-11-15+1,050→ 5,052 total
Award
Restricted Stock Units
2020-11-15+7,693→ 7,693 total
Exp: 2030-11-15→ Common Stock (7,693 underlying)
Exercise/Conversion
Restricted Stock Units
2020-11-15−1,132→ 4,857 total
Exp: 2029-11-15→ Common Stock (1,132 underlying)
Tax Payment
Restricted Stock Units
2020-11-15−365→ 4,492 total
Exp: 2029-11-15→ Common Stock (365 underlying)
Exercise/Conversion
Common Stock
2020-11-15+1,132→ 6,184 total
Exercise/Conversion
Restricted Stock Units
2020-11-15−1,050→ 3,115 total
Exp: 2028-11-15→ Common Stock (1,050 underlying)
Tax Payment
Restricted Stock Units
2020-11-15−338→ 2,777 total
Exp: 2028-11-15→ Common Stock (338 underlying)

Footnotes (6)

[F1]Represents vesting of Restricted Stock Units and conversion to Team Common Stock.
[F2]Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
[F3]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.
[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]Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
[F6]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.

Documents

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