SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Massingale H. Lynn

(Last) (First) (Middle)
265 BROOKVIEW CENTRE WAY
SUITE 400

(Street)
KNOXVILLE TN 37919

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TEAM HEALTH HOLDINGS INC. [ TMH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2011
4. If Amendment, Date of 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
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 06/17/2011 D 36,351 (1) D $19.5651 22,618 (4) I See Footnote
Common Stock 06/17/2011 D 20,504 (2) D $19.5651 77,874 (5) I See Footnote
Common Stock 06/17/2011 D 19,681 (3) D $19.5651 12,246 (6) I See Footnote
Common Stock 06/20/2011 D 22,618 (1) D $19.3236 0 I See Footnote
Common Stock 06/20/2011 D 12,758 (2) D $19.3236 65,116 (5) I See Footnote
Common Stock 06/20/2011 D 12,246 (3) D $19.3236 0 I See Footnote
Common Stock 15,400 D
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 Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. These shares were sold pursuant to a Rule 10b5-1 Trading Plan entered into on March 14, 2011 between Massingale Investments, LLC and UBS Financial Services, Inc.
2. These shares were sold pursuant to a Rule 10b5-1 Trading Plan entered into on March 14, 2011 between H. Lynn Massingale, Trustee for the H. Lynn Massingale Trust, and UBS Financial Services, Inc.
3. These shares were sold pursuant to a Rule 10b5-1 Trading Plan entered into on March 14, 2011 between Cheryl S. Massingale, Trustee for The Cheryl S. Massingale Trust, and UBS Financial Services, Inc.
4. These shares are held by Massingale Investments, LLC, a limited liability company of which the Reporting Person and his spouse are members.
5. These shares are held by The H. Lynn Massingale Trust, of which the Reporting Person is the trustee and sole vested beneficiary.
6. These shares are held by The Cheryl S. Massingale Trust, of which the Reporting Person's spouse is the trustee and sole vested beneficiary.
/s/ John R. Stair, attorney-in-fact for Dr. Massingale 06/20/2011
** 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 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).
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