SEC Form 4 · accession 0001209191-19-001270
SEACHANGE INTERNATIONAL INC · SEAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yosef Aloni
Officer — Chief Commercial Officer
Period of report
Jan 2, 2019
Accepted (ET)
Jan 3, 2019 · 6:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001019671
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 2, 2019 | A | 50,000 | $0.00 | A | 50,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $1.43 | Jan 2, 2019 | A | 200,000 | A | Jan 2, 2020 | Jan 2, 2029 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1The securities awarded on January 2, 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 2, 2019 with the balance to be vested on the third anniversary of January 2, 2019.
- F2One third of the stock options will vest annually on January 2, 2020, January 2, 2021 and January 2, 2022.