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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
Houston Post Oak Partners, Ltd. (Month/Day/Year) Team, Inc. (TMI)
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(Last) (First) (Middle) 06/19/98 5. Relationship of Reporting 6. If Amendment, Date
850 Post Oak Boulevard, Suite 850 ---------------------------- Person to Issuer of Original
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(Street) Number of Reporting 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 D
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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) Derivative ative
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:
Houston Post Oak Partners, Ltd.
**Intentional misstatements or omissions of facts constitute Federal Criminal By: /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
Louis A. Waters, General Partner
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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