SEACHANGE INTERNATIONAL INC 4
4 · SEACHANGE INTERNATIONAL INC · Filed Jan 28, 2016
Insider Transaction Report
Form 4
Dias Anthony
Chief Accounting Officer
Transactions
- Award
Common Stock
2016-01-26+17,937→ 58,597 total - Award
Performance Rights
2016-01-26+35,874→ 35,874 totalExp: 2019-01-31→ Common Stock (35,874 underlying) - Award
Incentive Stock Option (right to buy)
2016-01-26$6.05/sh+37,922$229,428→ 37,922 totalExercise: $6.05From: 2017-01-31Exp: 2023-01-26→ Common Stock (37,922 underlying) - Award
Common Stock
2016-01-26+50,000→ 108,597 total
Footnotes (4)
- [F1]The securities awarded on January 26, 2016 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, 2016 with the balance to be vested on the third anniversary of January 31, 2016.
- [F2]The securities awarded on January 26, 2016 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 26, 2016 with the balance to be vested on the third anniversary of January 26, 2016.
- [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]Twenty-five percent (25%) of the stock options will vest on January 31, 2017, and the remainder will vest quarterly in equal amounts of 9.375% over the next eight quarters starting on April 30, 2017 and ending on January 31, 2019.