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