SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Corre Partners Management, LLC (Last) (First) (Middle) 12 EAST 49TH STREET 40TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 02/11/2022	3. Issuer Name and Ticker or Trading Symbol TEAM INC [ TISI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.30 per share	14,545,472	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
5% Convertible Senior Notes Due 2023	(2)	08/01/2023	Common Stock	2,490,677(3)	$21.7(4)	I	See footnote(1)
Warrants	12/08/2021	12/08/2028	Common Stock	5,000,000(5)(6)	$1.5	I	See footnote(1)

1. Name and Address of Reporting Person* Corre Partners Management, LLC (Last) (First) (Middle) 12 EAST 49TH STREET 40TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Corre Opportunities Qualified Master Fund, LP (Last) (First) (Middle) 12 EAST 49TH STREET, 40TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* CORRE HORIZON FUND, LP (Last) (First) (Middle) 12 EAST 49TH STREET, 40TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Corre Horizon II Fund, LP (Last) (First) (Middle) 12 EAST 49TH STREET, 40TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1

2. See Exhibit 99.1

3. See Exhibit 99.1

4. See Exhibit 99.1

5. See Exhibit 99.1

6. See Exhibit 99.1

	Corre Partners Management, LLC /s/ John Barrett, Managing Member	02/22/2022
	Corre Opportunities Qualified Master Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member	02/22/2022
	Corre Horizon Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member	02/22/2022
	Corre Horizon II Fund, LP By: Corre Partners Advisors, LLC, its general partner /s/ John Barrett, Managing Member	02/22/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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