Kielczewski Marek 4/A
4/A · SEACHANGE INTERNATIONAL INC · Filed Jun 5, 2020
Insider Transaction Report
Form 4/AAmended
Kielczewski Marek
Chief Technology Officer
Transactions
- Award
Common Stock
2020-05-26+29,286→ 463,942 total - Award
Performance rights
2020-05-26+87,857→ 87,857 totalExp: 2030-05-26→ Common Stock (87,857 underlying)
Footnotes (4)
- [F1]The initial Form 4 reporting this transaction included the incorrect number of securities acquired and beneficially owned following the transaction. Accordingly, this amended Form 4 is being filed to correct such errors.
- [F2]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.
- [F3]The initial Form 4 reporting this transaction included the incorrect number of securities acquired, underlying securities and securities beneficially owned following the transaction. Accordingly, this amended Form 4 is being filed to correct such errors.
- [F4]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.