FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/17/2022 |
3. Issuer Name and Ticker or Trading Symbol
SEACHANGE INTERNATIONAL INC [ SEAC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (Right to Buy)(1) | 06/11/2020(1) | 06/11/2029 | Common Stock | 25,000 | $1.43 | D | |
Employee Stock Option (Right to Buy)(2) | 02/10/2022(2) | 02/10/2031 | Common Stock | 125,000 | $1.38 | D | |
Performance Rights Stock Option(3) | 06/24/2021(3) | 06/24/2031 | Common Stock | 75,000 | $1.33 | D |
Explanation of Responses: |
1. 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. |
2. The employee stock option vests in three equal installments on each of February 10, 2022, February 10, 2023 and February 10, 2024. |
3. 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. |
Remarks: |
/s/ Christoph Klimmer | 08/24/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |