4//SEC Filing
TERINO EDWARD 4
Accession 0001209191-19-007022
CIK 0001019671other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 6:34 PM ET
Size
16.1 KB
Accession
0001209191-19-007022
Insider Transaction Report
Form 4
TERINO EDWARD
Director
Transactions
- Tax Payment
Comon Stock
2019-02-01$1.51/sh−6,377$9,646→ 405,909 total - Award
Performance Rights
2019-01-31+50,000→ 50,000 totalExp: 2022-01-31→ Common Stock (50,000 underlying) - Award
Stock Option (right to buy)
2019-01-31$1.59/sh+200,000$318,000→ 200,000 totalExercise: $1.59From: 2020-01-31Exp: 2029-01-31→ Common Stock (200,000 underlying) - Award
Common Stock
2019-01-31+50,000→ 421,043 total - Tax Payment
Common Stock
2019-02-01$1.51/sh−5,834$8,817→ 412,286 total - Tax Payment
Common Stock
2019-02-01$1.51/sh−2,923$4,422→ 418,120 total
Footnotes (6)
- [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]$1.51267 is the weighted average share price for the purchase of these shares. The actual prices of the shares purchased ranged from $1.51 to $1.5674. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F3]$1.51133 is the weighted average share price for the purchase of these shares. The actual prices of the shares purchased ranged from $1.51 to $1.5385. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F4]$1.51257 is the weighted average share price for the purchase of these shares. The actual prices of the shares purchased ranged from $1.51 to $1.5650. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
- [F5]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.
- [F6]One third of the stock options will vest annually on January 2, 2020, January 2, 2021 and January 2, 2022.
Documents
Issuer
SEACHANGE INTERNATIONAL INC
CIK 0001019671
Entity typeother
Related Parties
1- filerCIK 0001185925
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 6:34 PM ET
- Size
- 16.1 KB