Michael Prinn - 24 Jun 2021 Form 4 Insider Report for SEACHANGE INTERNATIONAL INC

Role
Chief Financial Officer
Signature
/s/ Michael Prinn
Issuer symbol
N/A
Transactions as of
24 Jun 2021
Net transactions value
$0
Form type
4
Filing time
28 Jun 2021, 17:23:07 UTC
Previous filing
01 Jun 2021
Next filing
31 May 2022
SEC
View on sec.gov

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 +75,000 $0.000000 75,000 24 Jun 2021 Common Stock 75,000 $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.