Aloni Yosef 4
4 · SEACHANGE INTERNATIONAL INC · Filed Jan 3, 2019
Insider Transaction Report
Form 4
Aloni Yosef
Chief Commercial Officer
Transactions
- Award
Common Stock
2019-01-02+50,000→ 50,000 total - Award
Stock Option (right to buy)
2019-01-02$1.43/sh+200,000$286,000→ 200,000 totalExercise: $1.43From: 2020-01-02Exp: 2029-01-02→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]The securities awarded on January 2, 2019 are in the form of restricted stock units (RSUs) issued pursuant to the SeaChange International, Inc. Second Amended and Restated 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 2, 2019 with the balance to be vested on the third anniversary of January 2, 2019.
- [F2]One third of the stock options will vest annually on January 2, 2020, January 2, 2021 and January 2, 2022.