0000318833-20-000128.txt : 20201117
0000318833-20-000128.hdr.sgml : 20201117
20201117161255
ACCESSION NUMBER: 0000318833-20-000128
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201115
FILED AS OF DATE: 20201117
DATE AS OF CHANGE: 20201117
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McCloskey James P
CENTRAL INDEX KEY: 0001745010
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08604
FILM NUMBER: 201321279
MAIL ADDRESS:
STREET 1: 13131 DAIRY ASHFORD
CITY: SUGAR LAND
STATE: TX
ZIP: 77478
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TEAM INC
CENTRAL INDEX KEY: 0000318833
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600]
IRS NUMBER: 741765729
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 13131 DAIRY ASHFORD
STREET 2: SUITE 600
CITY: SUGAR LAND
STATE: TX
ZIP: 77478
BUSINESS PHONE: 2813316154
MAIL ADDRESS:
STREET 1: 13131 DAIRY ASHFORD
STREET 2: SUITE 600
CITY: SUGAR LAND
STATE: TX
ZIP: 77478
4
1
wf-form4_160564756164225.xml
FORM 4
X0306
4
2020-11-15
0
0000318833
TEAM INC
TISI
0001745010
McCloskey James P
13131 DAIRY ASHFORD, SUITE 600
SUGAR LAND
TX
77478
0
1
0
0
Sr VP, Commercial
Common Stock
2020-11-15
4
M
0
1050
0
A
5052
D
Common Stock
2020-11-15
4
M
0
1132
0
A
6184
D
Restricted Stock Units
2020-11-15
4
A
0
7693
0
A
2030-11-15
Common Stock
7693.0
7693
D
Restricted Stock Units
2020-11-15
4
M
0
1050
0
D
2028-11-15
Common Stock
1050.0
3115
D
Restricted Stock Units
2020-11-15
4
F
0
338
0
D
2028-11-15
Common Stock
338.0
2777
D
Restricted Stock Units
2020-11-15
4
M
0
1132
0
D
2029-11-15
Common Stock
1132.0
4857
D
Restricted Stock Units
2020-11-15
4
F
0
365
0
D
2029-11-15
Common Stock
365.0
4492
D
Represents vesting of Restricted Stock Units and conversion to Team Common Stock.
Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
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.
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.
Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
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.
/s/ James P. McCloskey
2020-11-17