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

Role
Former EVP & CFO
Signature
/s/ Susan M. Ball
Stock symbol
TISI
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4/A - RESTATEMENT
Date filed
11/22/2021, 06:05 PM
Date Of Original Report
Nov 17, 2021
Previous filing
Aug 30, 2021
Next filing
Jun 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise $0 +2.72K +16.06% $0.00 19.6K Nov 15, 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +4.66K +23.7% $0.00 24.3K Nov 15, 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 -4.66K -25.75% $0.00 13.4K Nov 15, 2021 Common Stock 4.66K Direct F2, F3, F4
transaction TISI Restricted Stock Units Tax liability $0 -1.5K -10.86% $0.00 12.3K Nov 15, 2021 Common Stock 1.5K Direct F2, F5
transaction TISI Restricted Stock Units Options Exercise $0 -2.72K -25.22% $0.00 8.06K Nov 15, 2021 Common Stock 2.72K Direct F2, F3, F6
transaction TISI Restricted Stock Units Tax liability $0 -875 -10.85% $0.00 7.19K Nov 15, 2021 Common Stock 875 Direct F2, F5

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.