0001127602-14-029987.txt : 20141017 0001127602-14-029987.hdr.sgml : 20141017 20141017123059 ACCESSION NUMBER: 0001127602-14-029987 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141015 FILED AS OF DATE: 20141017 DATE AS OF CHANGE: 20141017 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: TX FISCAL YEAR END: 0531 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HAWK PHILIP J CENTRAL INDEX KEY: 0001095235 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 141161258 MAIL ADDRESS: STREET 1: 200 HERMANN DR STREET 2: PO BOX 123 CITY: ALVIN STATE: TX ZIP: 77512 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2014-10-15 0000318833 TEAM INC TISI 0001095235 HAWK PHILIP J 13131 DAIRY ASHFORD, SUITE 600 SUGAR LAND TX 77478 1 1 CEO Common Stock 2014-10-15 4 M 0 3614 0 A 46924 D Common Stock 2014-10-15 4 M 0 3460 0 A 50384 D Common Stock 2014-10-15 4 M 0 2757 0 A 53141 D Common Stock 2014-10-15 4 M 0 2491 0 A 55632 D Common Stock 355160 I Family Ltd Partnership Restricted Stock Units 2014-10-15 4 M 0 3614 0 D 2020-10-15 Common Stock 3614 2612 D Restricted Stock Units 2014-10-15 4 F 0 2612 0 D 2020-10-15 Common Stock 0 0 D Restricted Stock Units 2014-10-15 4 M 0 3460 0 D 2021-10-14 Common Stock 3460 8464 D Restricted Stock Units 2014-10-15 4 F 0 2502 0 D 2021-10-14 Common Stock 0 5962 D Restricted Stock Units 2014-10-15 4 M 0 2757 0 D 2022-10-15 Common Stock 2757 11496 D Restricted Stock Units 2014-10-15 4 F 0 1994 0 D 2022-10-15 Common Stock 0 9502 D Restricted Stock Units 2014-10-15 4 M 0 2491 0 D 2023-10-15 Common Stock 2491 14680 D Restricted Stock Units 2014-10-15 4 F 0 1801 0 D 2023-10-15 Common Stock 0 12879 D Nq Stock Options 30.33 2017-10-15 Common Stock 120000 120000 D Nq Stock Options 15.27 2016-10-17 Common Stock 120000 120000 D Nq Stock Options 13.28 2016-01-17 Common Stock 100000 100000 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. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2011, 10/15/2012, 10/15/2013 and 10/15/2014, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule. Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2012, 10/15/2013, 10/15/2014 and 10/15/2015, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2013, 10/15/2014, 10/15/2015 and 10/15/2016, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule. Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments on 10/15/2014, 10/15/2015, 10/15/2016, 10/15/2017, unless earlier terminated in accordance with the Plan. Stock units will automatically be converted into shares of common stock upon achievement of the performance goal in accordance with the respective time vesting schedule. Options are fully vested. /s/ Philip J. Hawk 2014-10-17