Susan M. Ball - 15 Nov 2021 Form 4/A - Amendment Insider Report for TEAM INC (TISI)

Role
Former EVP & CFO
Signature
/s/ Susan M. Ball
Issuer symbol
TISI
Transactions as of
15 Nov 2021
Net transactions value
$0
Form type
4/A - Amendment
Filing time
22 Nov 2021, 18:05:51 UTC
Date Of Original Report
17 Nov 2021
Previous filing
30 Aug 2021
Next filing
10 Jun 2024
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 +2,718 +16% $0.000000 19,642 15 Nov 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +4,655 +24% $0.000000 24,297 15 Nov 2021 Direct F1, F2

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 -4,655 -26% $0.000000 13,425 15 Nov 2021 Common Stock 4,655 Direct F2, F3, F4
transaction TISI Restricted Stock Units Tax liability $0 -1,499 -11% $0.000000 12,308 15 Nov 2021 Common Stock 1,499 Direct F2, F5
transaction TISI Restricted Stock Units Options Exercise $0 -2,718 -25% $0.000000 8,061 15 Nov 2021 Common Stock 2,718 Direct F2, F3, F6
transaction TISI Restricted Stock Units Tax liability $0 -875 -11% $0.000000 7,186 15 Nov 2021 Common Stock 875 Direct F2, F5
* 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 This Form 4/A is filed to adjust the number of shares vested as a result of a correction in the number of Stock Units withheld for income taxes.
F3 Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F4 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.
F5 Represents the corrected number 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.