Form 4 for TISI TEAM INC
Accepted 2022-11-17 00:00:00 ET · period of report 2022-11-15 · accession 0000318833-22-000104 · 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 | Acosta Matthew E | VP, CAO | M - OptEx | $0.00 | +1,624 | 2,281 | +247% | $0 |
| D | 2022-11-17 | 2022-11-15 | TISI | Acosta Matthew E | VP, CAO | F - Tax | $0.00 | -396 | 2,910 | -12% | $0 |
| DM | 2022-11-17 | 2022-11-15 | TISI | Acosta Matthew E | VP, CAO | M - OptEx | $0.00 | -1,624 | 599 | -73% | $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 | 1,025 | $0.00 | 3,306 | D | — | — | (F1) Represents vesting of Restricted Stock Units and conversion to Team Common Stock. |
| 2 | Common | Common Stock | 2022-11-15 | F | D | 396 | $0.00 | 2,910 | D | — | — | (F2) Represents total Stock Units withheld to satisfy tax obligations for vesting on 11/15/2022. |
| 3 | Common | Common Stock | 2022-11-15 | M | A | 599 | $0.00 | 2,281 | D | — | — | (F1) Represents vesting of Restricted Stock Units and conversion to Team Common Stock. |
| 4 | Derivative | Restricted Stock Units | 2022-11-15 | M | D | 1,025 | $0.00 | 1,026 | D | — · — to 2030-11-15 | 1,025 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock. (F5) 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. |
| 5 | Derivative | Restricted Stock Units | 2022-11-15 | M | D | 599 | $0.00 | 599 | D | — · — to 2029-11-15 | 599 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 11/15/2020, 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. |