4//SEC Filing
TEAM INC 4
Accession 0001127602-16-067472
$TISICIK 0000318833operating
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 5:34 PM ET
Size
15.4 KB
Accession
0001127602-16-067472
Insider Transaction Report
Form 4
TEAM INCTISI
OWEN TED W
Senior Vice President & CFO
Transactions
- Award
Restricted Stock Units
2016-11-15+10,700→ 10,700 totalExp: 2026-11-15→ Common Stock (10,700 underlying) - Sale
Common Stock
2016-11-14$36.71/sh−21,000$770,910→ 62,828 total - Exercise/Conversion
Nq Stock Options
2016-11-14−24,000→ 0 totalExercise: $30.33Exp: 2017-10-15→ Common Stock (24,000 underlying) - Exercise/Conversion
Common Stock
2016-11-14$30.33/sh+24,000$727,920→ 83,828 total
Holdings
- 7,518
Restricted Stock Units
Exp: 2025-10-15→ Common Stock (7,518 underlying) - 4,242
Restricted Stock Units
Exp: 2024-10-15→ Common Stock (4,242 underlying) - 1,594
Restricted Stock Units
Exp: 2023-10-15→ Common Stock (1,594 underlying)
Footnotes (9)
- [F1]Reporting person purchased shares via a cashless exercise of stock options.
- [F2]Reporting person sold shares to fund a cashless exercise of stock options.
- [F3]This transaction was executed in multiple trades at prices ranging from $36.50 to $37.10. 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.
- [F4]Options are fully vested.
- [F5]Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- [F6]Stock Units vest 25% on 11/15/2017, 11/15/2018, 11/15/2019 and 11/15/2020, 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.
- [F7]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.
- [F8]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.
- [F9]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.
Documents
Issuer
TEAM INC
CIK 0000318833
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000318833
Filing Metadata
- Form type
- 4
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 5:34 PM ET
- Size
- 15.4 KB