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