Christoph Klimmer - Sep 29, 2022 Form 4 Insider Report for SEACHANGE INTERNATIONAL INC (SEAC)

Role
President
Signature
/s/ Christoph Klimmer
Stock symbol
SEAC
Transactions as of
Sep 29, 2022
Transactions value $
$0
Form type
4
Date filed
10/3/2022, 06:11 PM
Previous filing
Aug 24, 2022
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAC Common Stock Award $0 +150K $0.00 150K Sep 29, 2022 Direct F1
transaction SEAC Common Stock Award $0 +150K +100% $0.00 300K Sep 29, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") issued pursuant to SeaChange International Inc.'s Amended and Restated 2021 Compensation and Incentive Plan. The shares subject to the RSU award will vest in four equal installments on each of March 29, 2023, September 29, 2023, September 29, 2024 and September 29, 2025. In the event of a Change in Control of the Company, these RSUs shall vest in their entirety immediately prior to the Change in Control of the Company.
F2 Represents performance-based restricted stock units ("PSUs") issued pursuant to SeaChange International Inc.'s Amended and Restated 2021 Compensation and Incentive Plan. The shares subject to the performance-based RSU award will vest: one quarter of the PSUs shall vest on March 29, 2023, and the remaining three quarters shall vest on the attainment of a closing price of $2.50 that must be held for twenty (20) consecutive trading days within the 3 years from September 29, 2022. In the event of a Change in Control of the Company, unearned PSUs shall vest immediately prior to the Change in Control for those PSUs that would have vested on a time-based 3 year annual vesting schedule prior to the Change in Control.