APSC Holdco II, L.P. - 31 Dec 2021 Form 5 Insider Report for TEAM INC (TISI)

Role
10%+ Owner
Signature
APSC Holdco II, L.P., By: /s/ George Fan, as attorney-in-fact
Issuer symbol
TISI
Transactions as of
31 Dec 2021
Transactions value $
$0
Form type
5
Filing time
14 Feb 2022, 15:42:57
Previous filing
12 Nov 2021
SEC
View on sec.gov

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 Warrants Other +917K +22.46% 5M 08 Dec 2021 Common Stock 917K $1.50 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

APSC Holdco II, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reported securities were received as the second installment of the good faith settlement of a previously contracted debt exempt from Section 16(b), the first installment of which was received and voluntarily reported on a Form 4 filed by the Reporting Persons on November 9, 2021. Such Form 4 inadvertently reported the exempt receipt of the first installment as a purchase.
F2 Exercisable at any time at the sole discretion of the holder.
F3 APSC Holdco II, L.P. ("APSC Holdco II") directly holds warrants to purchase Shares of the Issuer. Atlantic Park Strategic Capital Parallel Master Fund, L.P. ("Atlantic Park") is the sole beneficial owner of APSC Holdco II. Pursuant to an Investment Management Agreement, dated July 6, 2020, Atlantic Park and certain of its affiliates have delegated their voting and dispositive power over their direct and indirect investments (including the Shares) to Iron Park Capital Partners, LP and GASC APF, L.P. and appointed each of them to jointly act as investment advisers.