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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: February 1, 1994
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hours per response .... 0.5
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U.S. 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,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or
Statement Trading Symbol
Waters Louis A. (Month/Day/Year) Team, Inc. (TMI)
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(Last) (First) (Middle) 06/19/98 5. Relationship of Reporting 6. If Amendment, Date
520 Post Oak Boulevard, Suite 850 ---------------------------- Person to Issuer of Original
- ---------------------------------------- 3. IRS or Social Security (Check all applicable) (Month/Day/Year)
(Street) Number of Reporting X Director X 10% Owner
Person (Voluntary) ----- ----- ----------------------
Houston Texas 77027 Officer Other (specify
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(City) (State) (Zip) ---------------------------- (give title below)
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Common Stock ($0.30 par value per share) 1,200,000* I By Houston Post Oak
Partners, Ltd., a Texas
limited partnership,
of which the reporting
person is the sole
general partner
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (3/91)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Explanation of Responses:
*Under the terms of the Partnership Agreement, the reporting person has a pecuniary interest in less than 100% of the securities
held by Houston Post Oak Partners, Ltd.
**Intentional misstatements or omissions of facts constitute Federal Criminal /s/ Louis A. Waters June 19, 1998
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 1473 (3/91)
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