Prinn Michael 4
4 · SEACHANGE INTERNATIONAL INC · Filed May 28, 2020
Insider Transaction Report
Form 4
Prinn Michael
Chief Financial Officer
Transactions
- Award
Common Stock
2020-05-26+28,249→ 28,249 total - Award
Performance rights
2020-05-26+84,746→ 84,746 totalExp: 2030-05-26→ Common Stock (84,746 underlying)
Footnotes (2)
- [F1]The securities awarded on May 26, 2020 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 in three equal installments on each of May 26, 2021, May 26, 2022 and May 26, 2023.
- [F2]Each performance right represents a contingent right to receive one share of SeaChange common stock. The performance rights vest in three equal installments based on SeaChange's attainment of a threshold share price that must be held for twenty (20) consecutive trading days within the three years of the performance rights date of grant.