SEACHANGE INTERNATIONAL INC 4/A
4/A · SEACHANGE INTERNATIONAL INC · Filed Jun 25, 2015
Insider Transaction Report
Form 4/AAmended
Wilson Royce E.
Director
Transactions
- Award
Common Stock
2015-02-02+83,813→ 104,880 total - Award
Common Stock
2015-02-02+14,045→ 14,045 total - Award
Common Stock
2015-02-02+7,022→ 21,067 total
Footnotes (3)
- [F1]The securities awarded on February 2, 2015 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 February 2, 2015 with the balance to be vested on the third anniversary of February 2, 2015. The reporting person has elected to defer issuance of the shares underlying the RSU award until the earlier of the reporting person's departure from the Issuer's board of directors or a change in control of the Issuer.
- [F2]The securities awarded on February 2, 2015 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 on February 1, 2016. The reporting person has elected to defer issuance of the shares underlying the RSU award until the earlier of the reporting person's departure from the Issuer's board of directors or a change in control of the Issuer.
- [F3]The reporting person acquired 83,813 shares of the Issuer Common Stock on February 2, 2015 in exchange for his interest in TLL, LLC as part of the Issuer's acquisition of TLL, LLC under the Agreement and Plan of Merger dated December 22, 2014, which acquisition was exempt under Rule 16b-3 of the Securities and Exchange Act of 1934, as amended.