Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-19-031833
Date:2019-10-15
Issuer: TEAM INC (TISI)
Original Submission Date:

Reporting Person:

BOUCHARD ANDRE C
13131 DAIRY ASHFORD
SUGAR LAND, TX 77478

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-10-15 M 1,083 a $0.00 34,805 direct
COMMON STOCK 2019-10-15 0 $0.00 2,148 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2019-10-15 deemed execution date M 1,083 (d) 2025-10-15 common stock 1,083 $0.00 349 direct
RESTRICTED STOCK UNITS 0.0 2019-10-15 deemed execution date F 349 (d) 2025-10-15 common stock 349 $0.00 0 direct
RESTRICTED STOCK UNITS 0.0 2019-10-15 deemed execution date 0 ( ) 2026-11-15 common stock 3,057 $0.00 3,057 direct
RESTRICTED STOCK UNITS 0.0 2019-10-15 deemed execution date 0 ( ) 2027-11-15 common stock 11,495 $0.00 11,495 direct
RESTRICTED STOCK UNITS 0.0 2019-10-15 deemed execution date 0 ( ) 2028-11-15 common stock 11,105 $0.00 11,105 direct
Footnotes
IDfootnote
f1 represents vesting of restricted stock units and conversion to team common stock.
f2 represents estimated shares held in 401k plan.
f3 stock units convert on a 1-for-1 basis into shares of team common stock.
f4 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.
f5 represents the portion of stock units withheld for income taxes prior to settlement in common stock.
f6 stock units vest 25% on 11/15/2017, 11/15/2018, 11/15/2019 and 11/15/2020, 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.
f7 stock units vest 25% on 11/15/2018, 11/15/2019, 11/15/2020 and 11/15/2021, 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.
f8 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.
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