0001209191-19-007022.txt : 20190204
0001209191-19-007022.hdr.sgml : 20190204
20190204183428
ACCESSION NUMBER: 0001209191-19-007022
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190131
FILED AS OF DATE: 20190204
DATE AS OF CHANGE: 20190204
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TERINO EDWARD
CENTRAL INDEX KEY: 0001185925
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21393
FILM NUMBER: 19565627
MAIL ADDRESS:
STREET 1: 17 CANTERBURY ROAD
CITY: WINDHAM
STATE: NH
ZIP: 03087
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SEACHANGE INTERNATIONAL INC
CENTRAL INDEX KEY: 0001019671
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
IRS NUMBER: 043197974
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 50 NAGOG PARK
CITY: ACTON
STATE: MA
ZIP: 01720
BUSINESS PHONE: 9788970100
MAIL ADDRESS:
STREET 1: 50 NAGOG PARK
CITY: ACTON
STATE: MA
ZIP: 01720
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-01-31
0
0001019671
SEACHANGE INTERNATIONAL INC
SEAC
0001185925
TERINO EDWARD
C/O SEACHANGE INTERNATIONAL
50 NAGOG PARK
ACTON
MA
01720
1
1
0
0
Chief Executive Officer
Common Stock
2019-01-31
4
A
0
50000
0.00
A
421043
D
Common Stock
2019-02-01
4
F
0
2923
1.5127
D
418120
D
Common Stock
2019-02-01
4
F
0
5834
1.5113
D
412286
D
Comon Stock
2019-02-01
4
F
0
6377
1.5126
D
405909
D
Performance Rights
2019-01-31
4
A
0
50000
0.00
A
2022-01-31
Common Stock
50000
50000
D
Stock Option (right to buy)
1.59
2019-01-31
4
A
0
200000
1.59
A
2020-01-31
2029-01-31
Common Stock
200000
200000
D
The securities awarded on January 31, 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 31, 2019 with the balance to be vested on the third anniversary of January 31, 2019.
$1.51267 is the weighted average share price for the purchase of these shares. The actual prices of the shares purchased ranged from $1.51 to $1.5674. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
$1.51133 is the weighted average share price for the purchase of these shares. The actual prices of the shares purchased ranged from $1.51 to $1.5385. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
$1.51257 is the weighted average share price for the purchase of these shares. The actual prices of the shares purchased ranged from $1.51 to $1.5650. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.
Each performance right represents a contingent right to receive 1 share of SeaChange common stock. The performance rights vest pursuant to the terms of the applicable Performance Stock Unit Agreement based on the Registrant achieving certain overall Registrant financial objectives for fiscal 2020, 2021 and 2022 related to total revenue and non-GAAP operating income in fiscal 2020 and to be determined in fiscal 2021 and 2022.
One third of the stock options will vest annually on January 2, 2020, January 2, 2021 and January 2, 2022.
/s/ Edward Terino
2019-02-04