APSC Holdco II, L.P. - Dec 31, 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
Stock symbol: TISI
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 5
Date filed: 2/14/2022, 03:42 PM
Previous filing: Nov 12, 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	Dec 8, 2021	Common Stock	917K	$1.50	Direct	F1, F2, F3

Showing 1 to 1 of 1 entries

* 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.