0001127602-16-047108.txt : 20160322
0001127602-16-047108.hdr.sgml : 20160322
20160322113753
ACCESSION NUMBER: 0001127602-16-047108
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160318
FILED AS OF DATE: 20160322
DATE AS OF CHANGE: 20160322
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: 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
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: 161520386
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
2016-03-18
0000318833
TEAM INC
TISI
0001095235
HAWK PHILIP J
13131 DAIRY ASHFORD, SUITE 600
SUGAR LAND
TX
77478
1
1
Executive Chairman
Common Stock
2016-03-18
4
M
0
60000
15.27
A
100379
D
Common Stock
2016-03-18
4
S
0
60000
26.903
D
40379
D
Common Stock
128523
I
Family Ltd Partnership
Nq Stock Options
15.27
2016-03-18
4
M
0
60000
0
D
2016-10-17
Common Stock
60000
0
D
Nq Stock Options
30.33
2017-10-15
Common Stock
120000
120000
D
Restricted Stock Units
2022-10-15
Common Stock
4751
4751
D
Restricted Stock Units
2023-10-15
Common Stock
8586
8586
D
Restricted Stock Units
2024-10-15
Common Stock
7833
7833
D
Restricted Stock Units
2025-10-15
Common Stock
8592
8592
D
This transaction was executed in multiple trades at prices ranging from $26.62 to $27.41. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Options are fully vested.
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 10/15/2013, 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.
Stock Units vest 25% on 11/4/2015, 10/15/2016, 10/15/2017 and 10/15/2018, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the repective vesting schedule.
Stock Units vest 25% on 10/15/2016, 10/15/2017, 10/15/2018 and 10/15/2019, 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/ Philip J. Hawk
2016-03-21