Form 4 for TISI TEAM INC
Accepted 2022-11-17 00:00:00 ET · period of report 2022-11-15 · accession 0000318833-22-000103 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-11-17 | 2022-11-15 | TISI | Tucker Keith D | Interim CEO | M - OptEx | $0.00 | +4,088 | 28.8K | +17% | $0 |
| D | 2022-11-17 | 2022-11-15 | TISI | Tucker Keith D | Interim CEO | F - Tax | $0.00 | -1,129 | 30.8K | -4% | $0 |
| DM | 2022-11-17 | 2022-11-15 | TISI | Tucker Keith D | Interim CEO | M - OptEx | $0.00 | -4,088 | 1,923 | -68% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-11-15 | M | A | 1,123 | $0.00 | 29,970 | D | — | — | (F1) Represents vesting of Restricted Stock Units and conversion to Team Common Stock. |
| 2 | Common | Common Stock | 2022-11-15 | M | A | 1,923 | $0.00 | 31,893 | D | — | — | (F1) Represents vesting of Restricted Stock Units and conversion to Team Common Stock. |
| 3 | Common | Common Stock | 2022-11-15 | M | A | 1,042 | $0.00 | 28,847 | D | — | — | (F1) Represents vesting of Restricted Stock Units and conversion to Team Common Stock. |
| 4 | Common | Common Stock | 2022-11-15 | F | D | 1,129 | $0.00 | 30,764 | D | — | — | (F2) Represents total Stock Units withheld to satisfy tax obligations for vesting on 11/15/2022. |
| 5 | Derivative | Restricted Stock Units | 2022-11-15 | M | D | 1,042 | $0.00 | 0 | D | — · — to 2028-11-15 | 1,042 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock. (F4) 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. |
| 6 | Derivative | Restricted Stock Units | 2022-11-15 | M | D | 1,123 | $0.00 | 1,123 | D | — · — to 2029-11-15 | 1,123 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock. (F5) Stock Units vest 25% on 11/15/2020, 11/15/2021, 11/15/2022 and 11/15/2023, 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 | Derivative | Restricted Stock Units | 2022-11-15 | M | D | 1,923 | $0.00 | 1,923 | D | — · — to 2030-11-15 | 1,923 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock. (F6) Stock Units vest one-third on 11/15/2021, 11/15/2022 and 11/15/2023, 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. |