Michael Prinn - Jun 24, 2021 Form 4 Insider Report for SEACHANGE INTERNATIONAL INC (SEAC)

Role
Chief Financial Officer
Signature
/s/ Michael Prinn
Stock symbol
SEAC
Transactions as of
Jun 24, 2021
Transactions value $
$0
Form type
4
Date filed
6/28/2021, 05:23 PM
Previous filing
Jun 1, 2021
Next filing
May 31, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SEAC Performance Rights Stock Option Award $0 +75K $0.00 75K Jun 24, 2021 Common Stock 75K $1.33 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance rights represent an option to purchase 75,000 shares of SeaChange International, Inc. ("SeaChange") common stock. One third of the performance rights vested on the date of grant. The remaining two thirds of the performance rights will vest in eight consecutive equal quarterly installments from the grant date based on SeaChange's attainment of certain financial metrics.