SEC Form 4 · accession 0001209191-16-113778
SEACHANGE INTERNATIONAL INC · SEAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Terino
Officer — Chief Executive Officer · Director
Period of report
Apr 6, 2016
Accepted (ET)
Apr 8, 2016 · 5:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001019671
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $5.56 | Apr 6, 2016 | A | 600,000 | A | Oct 6, 2016 | Apr 6, 2026 | Common Stock | 600,000 | 0 | D |
Explanation of responses
- F1The options shall vest in increments based upon the closing price of the Corporation's common stock. In compliance with the terms of the Corporation's 2011 Amended and Restated Compensation and Incentive Plan, none of the options shall vest prior to six (6) months from the date of grant.