Andre C. Bouchard - 15 Nov 2021 Form 4/A - Amendment Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Issuer symbol
TISI
Transactions as of
15 Nov 2021
Net transactions value
$0
Form type
4/A - Amendment
Filing time
22 Nov 2021, 18:07:22 UTC
Date Of Original Report
17 Nov 2021
Next filing
23 Dec 2021
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 +2,898 +4.9% $0.000000 62,226 15 Nov 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +2,100 +3.4% $0.000000 64,326 15 Nov 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +2,264 +3.5% $0.000000 66,590 15 Nov 2021 Direct F1, F2
transaction TISI Common Stock Options Exercise $0 +3,880 +5.8% $0.000000 70,470 15 Nov 2021 Direct F1, F2
holding TISI Common Stock 10,596 15 Nov 2021 401K Plan F3

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 -2,898 -76% $0.000000 934 15 Nov 2021 Common Stock 2,898 Direct F2, F4, F5
transaction TISI Restricted Stock Units Tax liability $0 -934 -100% $0.000000* 0 15 Nov 2021 Common Stock 934 Direct F2, F6
transaction TISI Restricted Stock Units Options Exercise $0 -2,100 -38% $0.000000 3,453 15 Nov 2021 Common Stock 2,100 Direct F2, F4, F7
transaction TISI Restricted Stock Units Tax liability $0 -676 -20% $0.000000 2,777 15 Nov 2021 Common Stock 676 Direct F2, F6
transaction TISI Restricted Stock Units Options Exercise $0 -2,264 -25% $0.000000 6,719 15 Nov 2021 Common Stock 2,264 Direct F2, F4, F8
transaction TISI Restricted Stock Units Tax liability $0 -730 -11% $0.000000 5,989 15 Nov 2021 Common Stock 730 Direct F2, F6
transaction TISI Restricted Stock Units Options Exercise $0 -3,880 -25% $0.000000 11,505 15 Nov 2021 Common Stock 3,880 Direct F2, F4, F9
transaction TISI Restricted Stock Units Tax liability $0 -1,249 -11% $0.000000 10,256 15 Nov 2021 Common Stock 1,249 Direct F2, F6
* 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 Represents estimated shares held in 401K Plan.
F4 Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F5 Stock Units vest 25% on 11/15/2018, 11/15/2019, 11/15/2020 and 11/15/2021, 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.
F6 Represents the corrected number of Stock Units withheld for income taxes prior to settlement in Common Stock.
F7 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.
F8 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.
F9 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.