SEACHANGE INTERNATIONAL INC 4
4 · SEACHANGE INTERNATIONAL INC · Filed Mar 22, 2016
Insider Transaction Report
Form 4
Markey William Francis III
Director
Transactions
- Award
Common Stock
2016-03-18+19,011→ 19,011 total - Award
Common Stock
2016-03-18+9,506→ 28,517 total
Footnotes (2)
- [F1]The securities awarded on March 18, 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 March 18, 2016 with the balance to be vested on the third anniversary of March 18, 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.
- [F2]The securities awarded on March 18, 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 on March 18, 2017. 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.