SEC Form 3
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*
Klimmer Christoph

(Last) (First) (Middle)
C/O SEACHANGE INTERNATIONAL, INC.
177 HUNTINGTON AVE, STE 1703, PMB 73480

(Street)
BOSTON MA 02115-3153

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/17/2022
3. Issuer Name and Ticker or Trading Symbol
SEACHANGE INTERNATIONAL INC [ SEAC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
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)
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.
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