Christoph Klimmer - 17 Aug 2022 Form 3 Insider Report for SEACHANGE INTERNATIONAL INC

Role
President
Signature
/s/ Christoph Klimmer
Issuer symbol
N/A
Transactions as of
17 Aug 2022
Net transactions value
$0
Form type
3
Filing time
24 Aug 2022, 16:11:16 UTC
Next filing
03 Oct 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
holding SEAC Employee Stock Option (Right to Buy) 17 Aug 2022 Common Stock 25,000 $1.43 Direct F1
holding SEAC Employee Stock Option (Right to Buy) 17 Aug 2022 Common Stock 125,000 $1.38 Direct F2
holding SEAC Performance Rights Stock Option 17 Aug 2022 Common Stock 75,000 $1.33 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One third of the employee stock options vested annually on June 11, 2020, June 11, 2021 and June 11, 2022. This stock option is completely vested.
F2 The employee stock option vests in three equal installments on each of February 10, 2022, February 10, 2023 and February 10, 2024.
F3 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, which was 6/24/2021 (the "Grant Date"). 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.