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SEACHANGE INTERNATIONAL INC 4

Accession 0001209191-17-007301

CIK 0001019671operating
View on SEC.govCompany Profile

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 6:48 PM ET

Size

13.9 KB

Accession

0001209191-17-007301

Insider Transaction Report

Form 4
Period: 2017-01-31
SEACHANGE INTERNATIONAL INCSEAC
Rider Jonathan W.
Senior Vice President
Transactions
  • Tax Payment

    Common Stock

    2017-02-01$2.40/sh−1,302$3,125→ 24,085 total
  • Award

    Performance Rights

    2017-01-31+30,843→ 30,843 total
    Exp: 2020-01-31→ Common Stock (30,843 underlying)
  • Award

    Incentive Stock Option (right to buy)

    2017-01-31$2.42/sh+100,000$242,000→ 100,000 total
    Exercise: $2.42From: 2018-01-31Exp: 2027-01-31→ Common Stock (100,000 underlying)
  • Award

    Common Stock

    2017-01-31+15,422→ 25,387 total
  • Award

    Incentive Stock Option (right to buy)

    2017-01-31$2.42/sh+32,604$78,902→ 32,604 total
    Exercise: $2.42From: 2018-01-31Exp: 2027-01-31→ Common Stock (32,604 underlying)
Footnotes (4)
  • [F1]The securities awarded on January 31, 2017 are in the form of restricted stock units (RSUs) issued pursuant to the SeaChange International, Inc. 2011 Compensation and Incentive Plan (the "2011 Plan") that entitle the reporting person to receive one (1) share of common stock per RSU. The RSUs will vest at the rate of 33.33% on each of the first and second anniversary of January 31, 2017 with the balance to be vested on the third anniversary of January 31, 2017.
  • [F2]Twenty-five percent (25%) of the stock options will vest annually on January 31, 2018, January 31, 2019, January 31, 2020 and January 31, 2021.
  • [F3]Each performance right represents a contingent right to receive up to 1.5 shares of SeaChange common stock. The performance rights vest pursuant to the terms of the applicable Performance Stock Unit Agreement based on SeaChange's relative TSR percentile rank to the Standard & Poor's SmallCap 600 Index.
  • [F4]One third of the stock options will vest annually on January 31, 2018, January 31, 2019 and January 31, 2020.

Documents

1 file

Issuer

SEACHANGE INTERNATIONAL INC

CIK 0001019671

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001019671

Filing Metadata

Form type
4
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 6:48 PM ET
Size
13.9 KB
View on SEC.gov