SEACHANGE INTERNATIONAL INC 4
4 · SEACHANGE INTERNATIONAL INC · Filed Feb 2, 2017
Insider Transaction Report
Form 4
TERINO EDWARD
Director
Transactions
- Award
Incentive Stock Option (right to buy)
2017-01-31$2.42/sh+96,710$234,038→ 96,710 totalExercise: $2.42From: 2018-01-31Exp: 2027-01-31→ Common Stock (96,710 underlying) - Award
Common Stock
2017-01-31+45,744→ 276,219 total - Award
Performance Rights
2017-01-31+91,488→ 91,488 totalExp: 2020-01-31→ Common Stock (91,488 underlying)
Footnotes (3)
- [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]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.
- [F3]One third of the stock options will vest annually on January 31, 2018, January 31, 2019 and January 31, 2020.