Aloni Yosef 4
4 · SEACHANGE INTERNATIONAL INC · Filed Feb 4, 2019
Insider Transaction Report
Form 4
Aloni Yosef
Chief Commercial Officer
Transactions
- Award
Performance Rights
2019-01-31+50,000→ 50,000 totalExp: 2022-01-31→ Common Stock (50,000 underlying) - Award
Common Stock
2019-01-31+50,000→ 100,000 total - Award
Stock Option (right to buy)
2019-01-31$1.59/sh+150,000$238,500→ 150,000 totalExercise: $1.59From: 2020-01-31Exp: 2029-01-31→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]The securities awarded on January 31, 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 31, 2019 with the balance to be vested on the third anniversary of January 31, 2019.
- [F2]Each performance right represents a contingent right to receive 1 share of SeaChange common stock. The performance rights vest pursuant to the terms of the applicable Performance Stock Unit Agreement based on the Registrant achieving certain overall Registrant financial objectives for fiscal 2020, 2021 and 2022 related to total revenue and non-GAAP operating income in fiscal 2020 and to be determined in fiscal 2021 and 2022.
- [F3]One third of the stock options will vest annually on January 31, 2020, January 31, 2021 and January 31, 2022.