SEACHANGE INTERNATIONAL INC 4
4 · SEACHANGE INTERNATIONAL INC · Filed Jul 31, 2006
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2006-06-30$6.70/sh+170,679$1,143,549→ 170,679 total
Footnotes (1)
- [F1]As disclosed in the Company's Form 8-K filed July 6, 2006, on June 30, 2006 the reporting person received 170,679 shares of the Company's common stock as the second earn out payment pursuant to the Agreement for the Sale and Purchase of Share Capital of On Demand Group Limited, dated as of September 23, 2005, by and among the Company, Andrew Thomas Birchall, Anthony William Kelly and certain other stockholders of ODG (as amended, the "Purchase Agreement"). Pursuant to the terms of the Purchase Agreement, the number of shares of the Company's common stock received was based on the five day trading average immediately prior to June 30, 2006, which was $6.70 per share.