Iron Park Capital Partners, LP - Dec 31, 2021 Form 5 Insider Report for TEAM INC (TISI)

Role
10%+ Owner
Signature
Iron Park Capital Partners, 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, 10:43 AM
Previous filing
Nov 12, 2021

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Iron Park Capital Partners, LP 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 a 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 The reported securities are directly held by APSC Holdco II, L.P. ("APSC Holdco II") and separately reported in filings by APSC HoldCo II. 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 the Reporting Person and GASC APF, L.P. and appointed each of them to jointly act as investment advisers.