0001127602-16-065589.txt : 20161101 0001127602-16-065589.hdr.sgml : 20161101 20161101102934 ACCESSION NUMBER: 0001127602-16-065589 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161028 FILED AS OF DATE: 20161101 DATE AS OF CHANGE: 20161101 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: 161963587 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 2016-10-28 0000318833 TEAM INC TISI 0001095235 HAWK PHILIP J 13131 DAIRY ASHFORD, SUITE 600 SUGAR LAND TX 77478 1 Common Stock 2016-10-28 5 J 0 E 128523 0 D 0 I Family Ltd Partnership Common Stock 2016-10-28 5 J 0 E 128523 0 A 179404 D Common Stock 2016-10-28 5 J 0 E 50850 0 D 128554 D Common Stock 2016-10-28 5 J 0 E 50850 0 A 50850 I Family Ltd Partnership Nq Stock Options 30.33 2017-10-15 Common Stock 120000 120000 D Restricted Stock Units 2024-10-15 Common Stock 5222 5222 D Restricted Stock Units 2025-10-15 Common Stock 6444 6444 D The reporting person transferred these shares from the family limited partnership to trusts, of which he has control of the assets, as part of an exchange. The reporting person transferred these shares from trusts, of which he has control of the assets, to his personal account, as part of an exchange. Options are fully vested. Stock Units convert on a 1-for-1 basis into shares of Team Common Stock. Pursuant to a Special Vesting Agreement entered into as part of the certain Non-disclosure, Non-competition and Non-solicitation Agreement ("Agreement") with the Registrant as part of his transition to a non-employee director dated August 8, 2016, the Stock Units will continue to vest 25% on 10/15/2016, 10/15/2017 and 10/15/2018, unless earlier terminated in accordance with the Agreement or the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule. Pursuant to a Special Vesting Agreement entered into as part of the certain Non-disclosure, Non-competition and Non-solicitation Agreement ("Agreement") with the Registrant as part of his transition to a non-employee director dated August 8, 2016, the Stock Units will continue to vest 25% on 10/15/2016, 10/15/2017, 10/15/2018 and 10/15/2019, unless earlier terminated in accordance with the Agreement or the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule. /s/ Philip J. Hawk 2016-11-01