Andre C. Bouchard - Nov 15, 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Stock symbol
TISI
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 04:17 PM
Previous filing
Dec 23, 2021
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise $0 +2.78K +3.94% $0.00 73.2K Nov 15, 2022 Direct F1
transaction TISI Common Stock Options Exercise $0 +2.99K +4.09% $0.00 76.2K Nov 15, 2022 Direct F1
transaction TISI Common Stock Options Exercise $0 +5.13K +6.73% $0.00 81.4K Nov 15, 2022 Direct F1
transaction TISI Common Stock Tax liability $0 -2.66K -3.26% $0.00 78.7K Nov 15, 2022 Direct F2
holding TISI Common Stock 10.6K Nov 15, 2022 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 Award $0 +262K $0.00 262K Nov 15, 2022 Common Stock 262K Direct F4, F5
transaction TISI Restricted Stock Units Options Exercise $0 -2.78K -100% $0.00* 0 Nov 15, 2022 Common Stock 2.78K Direct F4, F6
transaction TISI Restricted Stock Units Options Exercise $0 -2.99K -49.99% $0.00 3K Nov 15, 2022 Common Stock 2.99K Direct F4, F6
transaction TISI Restricted Stock Units Options Exercise $0 -5.13K -50% $0.00 5.13K Nov 15, 2022 Common Stock 5.13K Direct F4, F7
* 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 Represents total Stock Units withheld to satisfy tax obligations for vesting on 11/15/2022.
F3 Represents estimated shares held in 401K Plan.
F4 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F5 Stock Units Vest one-third on 11/15/2023, 11/15/2024 and 11/15/2025, 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 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 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 vesting schedule.