Accession Number: | 0001127602-19-033169 |
Date: | 2019-11-15 |
Issuer: | TEAM INC (TISI) |
Original Submission Date: |
GATTI AMERINO
13131 DAIRY ASHFORD, SUITE 600
SUGAR LAND, TX 77478
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2019-11-15 | M | 3,367 | a | $0.00 | 55,692 | direct |
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 Exercisable | Expiration 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 | 2019-11-15 | deemed execution date | A | 49,102 (a) | 2029-11-15 | common stock 49,102 | $0.00 | 49,102 | direct | ||
RESTRICTED STOCK UNITS | 0.0 | 2019-11-15 | deemed execution date | M | 3,367 (d) | 2028-11-15 | common stock 3,367 | $0.00 | 18,843 | direct | ||
RESTRICTED STOCK UNITS | 0.0 | 2019-11-15 | deemed execution date | F | 2,185 (d) | 2028-11-15 | common stock 2,185 | $0.00 | 16,658 | direct | ||
PERFORMANCE STOCK UNITS | 0.0 | 2019-11-15 | deemed execution date | 0 ( ) | 2023-01-24 | 2023-01-24 | common stock 280,000 | $0.00 | 280,000 | direct |
ID | footnote |
---|---|
f1 | stock units convert on a 1-for-1 basis into shares of team common stock. |
f2 | 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. |
f3 | 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. |
f4 | represents the portion of stock units withheld for income taxes prior to settlement in common stock. |
f5 | 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. |