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