Matthew E. Acosta - 13 Sep 2021 Form 3 Insider Report for TEAM INC (TISI)

Signature
/s/ Matthew E. Acosta
Issuer symbol
TISI
Transactions as of
13 Sep 2021
Net transactions value
$0
Form type
3
Filing time
22 Sep 2021, 16:51:19 UTC
Next filing
22 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TISI Common Stock 453 13 Sep 2021 Direct

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
holding TISI Restricted Stock Units 13 Sep 2021 Common Stock 1,797 $0.000000 Direct F1
holding TISI Restricted Stock Units 13 Sep 2021 Common Stock 3,077 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.