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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1. Name and Address of Reporting Person * HAWK PHILIP J   2. Issuer Name and Ticker or Trading Symbol TEAM INC [TISI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO (Last) (First) (Middle) 200 HERMANN DR 3. Date of Earliest Transaction (Month/Day/Year) 10/14/2011 (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) 10/14/2011   M   5,035 A $ 0 396,864 D   Common Stock (1) 10/15/2011   M   5,599 A $ 0 402,463 D   Common Stock (1) 10/15/2011   M   4,578 A $ 0 407,041 D   Common Stock 10/17/2011   S   20,000 D $ 24.8 (2) 387,041 D

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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	(3)	10/14/2011		A		23,848		(4)	10/14/2021	Common Stock	23,848	$ 0	23,848	D
Restricted Stock Units	(3)	10/14/2011		M			5,035	(5)	10/15/2018	Common Stock	5,035	$ 0	8,656	D
Restricted Stock Units	(6)	10/14/2011		F			1,811	(6)	10/15/2018	Common Stock	1,811	$ 0	6,845	D
Restricted Stock Units	(3)	10/15/2011		M			5,599	(7)	10/14/2019	Common Stock	5,599	$ 0	17,239	D
Restricted Stock Units	(6)	10/15/2011		F			2,014	(6)	10/14/2019	Common Stock	2,014	$ 0	15,225	D
Restricted Stock Units	(3)	10/15/2011		M			4,578	(8)	10/15/2020	Common Stock	4,578	$ 0	20,323	D
Restricted Stock Units	(6)	10/15/2011		F			1,647	(6)	10/15/2020	Common Stock	1,647	$ 0	18,676	D
Nq Stock Options	$ 30.33							(9)	10/15/2017	Common Stock	120,000		120,000	D
Nq Stock Options	$ 15.27							(9)	10/17/2016	Common Stock	120,000		120,000	D
Nq Stock Options	$ 13.28							(9)	01/17/2016	Common Stock	100,000		100,000	D
Nq Stock Options	$ 9.63							(9)	08/17/2015	Common Stock	46,000		46,000	D
Nq Stock Options	$ 9.23							(9)	08/12/2015	Common Stock	40,000		40,000	D
Iso Stock Options	$ 9.43							(9)	05/13/2015	Common Stock	4,000		4,000	D
Iso Stock Options	$ 9.57							(9)	05/12/2015	Common Stock	10,000		10,000	D
Iso Stock Options	$ 9.69							(9)	05/11/2015	Common Stock	10,000		10,000	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HAWK PHILIP J 200 HERMANN DR ALVIN, TX 77511	X		CEO

Signatures

/s/ Philip J. Hawk		10/18/2011
**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 $24.75 to $24.945. 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)	Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
(4)	Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
(5)	Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
(6)	Represents the portion of Stock Units withheld for income taxes prior to settlement in Common Stock.
(7)	Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
(8)	Upon achievement of the annual performance goal established by the Compensation Committee, the Performance-Based Stock Units vest in 25% installments 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 upon achievement of the performance goal in accordance with the respective time vesting schedule.
(9)	Options are fully vested.

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