SEC Form 5
FORM 5

[  ] Check this box if no longer
subject to Section 16. Form 4 or Form 5 obligations may continue.
See Instruction 1(b).

[  ] Form 3 Holdings Reported

[  ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Styslinger, III, William C.

(Last)                      (First)                      (Middle)
SeaChange International
124 Acton Street

(Street)
Maynard,    MA   01754

(City)                      (State)                      (Zip)

2. Issuer Name
and Ticker or Trading Symbol

SeaChange International, Inc.
SEAC

3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    Month/Year

01/31/2003


5. If Amendment,
    Date of Original
    (Month/Year)

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X Director      10% Owner
X Officer (give title below)     X Other (specify below)

Description           President, CEO and Chairman of the Board

7. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)

2.Transaction
Date
(Month/Day/Year)
2A. Deemed Execution Date, if any
(Month/Day/Year)
3. Transaction
    Code
    (Instr. 8)
4. Securities Acquired (A) or Disposed Of (D)
    (Instr. 3, 4, and 5)





        Amount      /         A/D         /         Price          
5. Amount of
    Securities
    Beneficially
    Owned at end of
    Issuer's Fiscal Year

    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct (D)
    or
    Indirect (I)

    (Instr. 4)
7. Nature of
     Indirect
     Beneficial
     Ownership

    (Instr. 4)
Common Stock
12/05/2002
G
5,985 / D / $7.04
1,797,569
D
Common Stock
12/05/2002
A
1,425 / A / $7.04
12,342
I
Daughter's Trust (3)
Common Stock
12/05/2002
A
1,425 / A / $7.04
76,425
I
by Spouse (2)
Common Stock
/ / $
96,429
I
Family Trust (4)
Common Stock
/ / $
215,000
I
by IRA (1)

 
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
    (Instr. 3)
2. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security
3. Transaction Date

(Month/
Day/
Year)
3A. Deemed Execution Date, if any

(Month/
Day/
Year)
4. Transaction Code
    (Instr.8)
5. Number of Derivative
    Securities Acquired (A)
    or Disposed Of (D)

    (Instr. 3, 4 and 5)





  A     or     D  
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)






  DE     /     ED  
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)






Title     /         Amount or Number of Shares
8. Price
    of
    Derivative
    Security
    (Instr.5)
9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    at End of Year
    Reported
    Transaction(s)
    (Instr.4)
10. Owner-
ship
Form of
Deriv-
ative
Securities:
Direct (D)
or
Indirect (I)

(Instr.4)
11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
Incentive Stock Option (right to buy) $5.50000
(6) / 1/23/08
Common Stock / 6,000
$
6,000
D
Incentive Stock Option (right to buy) $7.88000
(9) / 4/26/09
Common Stock / 24,045
$
24,045
D
Incentive Stock Option (right to buy) $14.12000
(7) / 4/24/07
Common Stock / 2,000
$
2,000
D
Incentive Stock Option (right to buy) $18.75000
(12) / 4/20/11
Common Stock / 2,380
$
2,380
D
Incentive Stock Option (right to buy) $26.75000
(11) / 5/24/10
Common Stock / 41,000
$
41,000
D
Non-Qualified Stock Option (right to buy) $7.17000
(10) / 4/26/09
Common Stock / 5,955
$
5,955
D
Non-Qualified Stock Option (right to buy) $13.76000
(14) / 4/4/12
Common Stock / 55,000
$
55,000
D
Non-Qualified Stock Option (right to buy) $18.75000
(13) / 4/20/12
Common Stock / 52,620
$
52,620
D
Explanation of Responses:
 
(1) These shares are owned by Merrill Lynch, Trustee f/b/o/ William C. Styslinger, IRA.
(2) These shares were gifted to Mrs. Joyce Styslinger. Mr. Styslinger disclaims ownership of these shares.
(3) These shares are owned by Thomas Franeta as Custodian for Kimberly J. Styslinger, Mr. Styslinger's daughter. Mr. Styslinger disclaims beneficial ownership of these shares.
(4) These shares are held by Thomas and Emily Franeta as Trustees of The Styslinger Family Trust. Mr. Styslinger disclaims beneficial ownership of these shares.
(6) 20% (1,200 shares) vest at the end of the first year (1/23/99) and 5% (300 shares) vest each quarter thereafter.
(7) 20% (400 shares) vest at the end of the first year (4/24/98) and 5% (100 shares) vest each quarter thereafter.
(9) 20% (4,809 shares) vest at the end of the first year (4/26/00) and 5% (1,202 shares) vest each quarter thereafter.
(10) 20% (1,191 shares) vest at the end of the first year (4/26/00) and 5% (297 shares) vest each quarter thereafter.
(11) 20% (8,200 shares) vest at the end of the first year (1/1/01) and 5% (2,050 shares) vest each quarter thereafter.
(12) 25% (595 shares) vest at the end of the first year (4/20/02) and 6.25% (148 shares) vest each quarter thereafter.
(13) 25% (13,155 shares) vest at the end of the first year (4/20/02) and 6.25% (3,288 shares) vest each quarter thereafter.
(14) 25% (13,750 shares) vest at the end of the first year (4/4/03) and 6.25% (3,437 shares) vest each quarter thereafter.
By: Date:
/s/ Kevin Thimble, Attorney in Fact 02/13/2003
** Signature of Reporting Person
SEC 2270 (09-02)


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 4(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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