Amerino Gatti - Nov 15, 2021 Form 4/A - Amendment Insider Report for TEAM INC (TISI)

Role
Chairman & CEO, Director
Signature
/s/ Amerino Gatti
Stock symbol
TISI
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
11/22/2021, 06:06 PM
Date Of Original Report
Nov 17, 2021
Previous filing
Oct 1, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise $0 +4.2K +3.85% $0.00 113K Nov 15, 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +9.29K +8.2% $0.00 123K Nov 15, 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +15.9K +12.98% $0.00 138K 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 -4.2K -37.82% $0.00 6.91K Nov 15, 2021 Common Stock 4.2K Direct F2, F3, F4
transaction TISI Restricted Stock Units Tax liability $0 -1.35K -19.58% $0.00 5.55K Nov 15, 2021 Common Stock 1.35K Direct F2, F5
transaction TISI Restricted Stock Units Options Exercise $0 -9.29K -25.22% $0.00 27.5K Nov 15, 2021 Common Stock 9.29K Direct F2, F3, F6
transaction TISI Restricted Stock Units Tax liability $0 -2.99K -10.86% $0.00 24.6K Nov 15, 2021 Common Stock 2.99K Direct F2, F5
transaction TISI Restricted Stock Units Options Exercise $0 -15.9K -25.22% $0.00 47.2K Nov 15, 2021 Common Stock 15.9K Direct F2, F3, F7
transaction TISI Restricted Stock Units Tax liability $0 -5.12K -10.85% $0.00 42.1K Nov 15, 2021 Common Stock 5.12K 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 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 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.
F7 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.