XNYS:TISI Team, Inc. Insider Activity 4 Filing - 10/15/2012

Effective Date 10/15/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
OWEN TED W
  2. Issuer Name and Ticker or Trading Symbol
TEAM INC [TISI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President & CFO
(Last)
(First)
(Middle)
200 HERMANN DR
3. Date of Earliest Transaction (Month/Day/Year)
10/15/2012
(Street)

ALVIN, TX 77511
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock(1) 10/15/2012   M   1,241 A $ 0 28,618 D  
Common Stock(1) 10/15/2012   M   1,511 A $ 0 30,129 D  
Common Stock(1) 10/15/2012   M   1,511 A $ 0 31,640 D  
Common Stock(1) 10/15/2012   M   1,534 A $ 0 33,174 D  
Common Stock 10/17/2012   S   7,000 D $33.274(2) 26,174 D  
Common Stock               2,622(3) I 401K Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (4) 10/15/2012   A   7,054     (5) 10/15/2022 Common Stock 7,054 $ 0 7,054 D  
Restricted Stock Units (4) 10/15/2012   M     1,241   (6) 10/15/2018 Common Stock 1,241 $ 0 447 D  
Restricted Stock Units (7) 10/15/2012   F     447   (7) 10/15/2018 Common Stock 447 $ 0 0 D  
Restricted Stock Units (4) 10/15/2012   M     1,511   (8) 10/14/2019 Common Stock 1,511 $ 0 2,599 D  
Restricted Stock Units (7) 10/15/2012   F     544   (7) 10/14/2019 Common Stock 544 $ 0 2,055 D  
Restricted Stock Units (4) 10/15/2012   M     1,511   (9) 10/15/2020 Common Stock 1,511 $ 0 4,653 D  
Restricted Stock Units (7) 10/15/2012   F     544   (7) 10/15/2020 Common Stock 544 $ 0 4,109 D  
Restricted Stock Units (4) 10/15/2012   M     1,534   (10) 10/14/2021 Common Stock 1,534 $ 0 6,813 D  
Restricted Stock Units (7) 10/15/2012   F     552   (7) 10/14/2021 Common Stock 552 $ 0 6,261 D  
Nq Stock Options $30.33               (11) 10/15/2017 Common Stock 24,000   24,000 D  
Nq Stock Options $15.27               (11) 10/17/2016 Common Stock 20,000   20,000 D  
Nq Stock Options $9.23               (11) 08/12/2015 Common Stock 10,010   10,010 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OWEN TED W
200 HERMANN DR
ALVIN, TX 77511
      Executive Vice President & CFO  

Signatures

 /s/ Ted W. Owen   10/17/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents vesting of restricted Stock Units and conversion to Team Common Stock.
(2) This transaction was executed in multiple trades at prices ranging from $33.16 to $33.33. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(3) Represents estimated shares held in 401K Plan.
(4) Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
(5) Stock Units vest 25% on 10/15/2013, 10/15/2014, 10/15/2015 and 10/15/2016, 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.
(6) Stock Units vest 25% on 10/14/2009, 10/14/2010, 10/14/2011 and 10/15/2012, 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.
(7) Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
(8) Stock Units vest 25% on 10/15/2010, 10/15/2011, 10/15/2012 and 10/15/2013, 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.
(9) Stock Units vest 25% on 10/15/2011, 10/15/2012, 10/15/2013 and 10/15/2014, 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.
(10) Stock Units vest 25% on 10/15/2012, 10/15/2013, 10/15/2014, and 10/15/2015, 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.
(11) Options are fully vested.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XNYS:TISI Team Inc Insider Activity 4 Filling

Team Inc XNYS:TISI Stock - Get Insider Activity SEC Filing of Team Inc XNYS:TISI stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XNYS:TISI Team, Inc. Insider Activity 4 Filing - 10/15/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

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