<SEC-DOCUMENT>0000950142-21-000649.txt : 20210216
<SEC-HEADER>0000950142-21-000649.hdr.sgml : 20210216
<ACCEPTANCE-DATETIME>20210216160635
ACCESSION NUMBER:		0000950142-21-000649
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201218
FILED AS OF DATE:		20210216
DATE AS OF CHANGE:		20210216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GASC APF, L.P.
		CENTRAL INDEX KEY:			0001844506

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		21638127

	BUSINESS ADDRESS:	
		STREET 1:		55 EAST 52ND STREET, FLOOR 33
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10055
		BUSINESS PHONE:		212-715-4000

	MAIL ADDRESS:	
		STREET 1:		55 EAST 52ND STREET, FLOOR 33
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10055

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Atlantic Park Strategic Capital Parallel Master Fund, L.P.
		CENTRAL INDEX KEY:			0001845294
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		21638128

	BUSINESS ADDRESS:	
		STREET 1:		C/O IRON PARK CAPITAL PARTNERS
		STREET 2:		527 MADISON AVENUE, 25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		646-989-2500

	MAIL ADDRESS:	
		STREET 1:		C/O IRON PARK CAPITAL PARTNERS
		STREET 2:		527 MADISON AVENUE, 25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			APSC Holdco II, L.P.
		CENTRAL INDEX KEY:			0001845296
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08604
		FILM NUMBER:		21638129

	BUSINESS ADDRESS:	
		STREET 1:		C/O IRON PARK CAPITAL PARTNERS
		STREET 2:		527 MADISON AVENUE, 25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		646-989-2500

	MAIL ADDRESS:	
		STREET 1:		C/O IRON PARK CAPITAL PARTNERS
		STREET 2:		527 MADISON AVENUE, 25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEAM INC
		CENTRAL INDEX KEY:			0000318833
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS REPAIR SERVICES [7600]
		IRS NUMBER:				741765729
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		13131 DAIRY ASHFORD
		STREET 2:		SUITE 600
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77478
		BUSINESS PHONE:		2813316154

	MAIL ADDRESS:	
		STREET 1:		13131 DAIRY ASHFORD
		STREET 2:		SUITE 600
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77478
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>es210131690_3-team.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-12-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000318833</issuerCik>
        <issuerName>TEAM INC</issuerName>
        <issuerTradingSymbol>TISI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001845296</rptOwnerCik>
            <rptOwnerName>APSC Holdco II, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GASC APF, L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>527 MADISON AVENUE, 25TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001845294</rptOwnerCik>
            <rptOwnerName>Atlantic Park Strategic Capital Parallel Master Fund, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GASC APF, L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>527 MADISON AVENUE, 25TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001844506</rptOwnerCik>
            <rptOwnerName>GASC APF, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GASC APF, L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>527 MADISON AVENUE, 25TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Investment Advisor</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.75</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2020-12-18</value>
            </exerciseDate>
            <expirationDate>
                <value>2028-06-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3582949</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">APSC Holdco II, L.P. (&quot;APSC Holdco II&quot;) directly holds warrants to purchase 3,582,949 shares of common stock (the &quot;Shares&quot;) of Team, Inc. (the &quot;Issuer&quot;). Atlantic Park Strategic Capital Parallel Master Fund, L.P. (&quot;Atlantic Park&quot;) is the sole beneficial owner of APSC Holdco II. Pursuant to an Investment Management Agreement, dated July 6, 2020, Atlantic Park and certain of its affiliates have delegated their voting and dispositive power over their direct and indirect investments (including the Shares) to Iron Park Capital Partners, LP and GASC APF, L.P. and appointed each of them to jointly act as investment advisers.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>APSC Holdco II, L.P., By: /s/ George Fan, as as attorney-in-fact</signatureName>
        <signatureDate>2021-02-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Atlantic Park Strategic Capital Parallel Master Fund, L.P., By: /s/ George Fan, as as attorney-in-fact</signatureName>
        <signatureDate>2021-02-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>GASC APF, L.P. By: /s/ George Fan, as as attorney-in-fact</signatureName>
        <signatureDate>2021-02-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
