0001127602-19-033169.txt : 20191119 0001127602-19-033169.hdr.sgml : 20191119 20191119145859 ACCESSION NUMBER: 0001127602-19-033169 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191115 FILED AS OF DATE: 20191119 DATE AS OF CHANGE: 20191119 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gatti Amerino CENTRAL INDEX KEY: 0001675255 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 191230825 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 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: DE 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 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2019-11-15 0000318833 TEAM INC TISI 0001675255 Gatti Amerino 13131 DAIRY ASHFORD, SUITE 600 SUGAR LAND TX 77478 1 1 CEO Common Stock 2019-11-15 4 M 0 3367 0 A 55692 D Restricted Stock Units 2019-11-15 4 A 0 49102 0 A 2029-11-15 Common Stock 49102 49102 D Restricted Stock Units 2019-11-15 4 M 0 3367 0 D 2028-11-15 Common Stock 3367 18843 D Restricted Stock Units 2019-11-15 4 F 0 2185 0 D 2028-11-15 Common Stock 2185 16658 D Performance Stock Units 2023-01-24 2023-01-24 Common Stock 280000 280000 D Stock Units convert on a 1-for-1 basis into shares of Team Common Stock. Stock Units vest 25% on 11/15/20, 11/15/21, 11/15/22 and 11/15/23, 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. Stock Units vest 25% on 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022, 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. Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock. Each performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock. Twenty percent (20%) of the PSUs will vest and become non-forfeitable on the date on which each Common Stock price milestone specified in the Performance Unit Award Agreement dated January 24, 2018 is achieved during the performance period beginning January 24, 2018 and ending January 24, 2023 (or, if later, January 24, 2019), subject to continued employment through the applicable vesting date. /s/ Amerino Gatti 2019-11-19