SEC Form 4
FORM 4

[  ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Goldfarb, Ira
(Last)                      (First)                      (Middle)
c/o 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/Day/Year

03/05/2003

5. If Amendment,
    Date of Original
    (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

Description           Vice President, Sales North America
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)
5. Amount of
    Securities
    Beneficially
    Owned Following
    Reported Transaction(s)

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

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

    (Instr. 4)
Code
V
Amount
A/D
Price
Common Stock
$
76,635
D


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)
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Derivative
    Security
    (Instr.5)
 9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    Following
    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)
Code
V
A
D
DE
ED
Title
Amount or Number of Shares
Incentive Stock Option (right to buy) $5.50000
             
(2)
01/23/08
Common Stock
8,550
$
8,550
D
Incentive Stock Option (right to buy) $5.83000
             
(1)
08/20/08
Common Stock
7,500
$
7,500
D
Incentive Stock Option (right to buy) $7.17000
             
(7)
4/26/09
Common Stock
7,500
$
7,500
D
Incentive Stock Option (right to buy) $12.83000
             
(3)
04/24/07
Common Stock
1,500
$
1,500
D
Incentive Stock Option (right to buy) $19.17000
             
(4)
01/24/07
Common Stock
4,500
$
4,500
D
Incentive Stock Option (right to buy) $23.31250
             
(8)
11/30/10
Common Stock
14,400
$
14,400
D
Incentive Stock Option (right to buy) $26.75000
             
(5)
05/24/10
Common Stock
10,332
$
10,332
D
Incentive Stock Option (right to buy) $34.00000
             
(6)
04/14/10
Common Stock
7,668
$
7,668
D
Incentive Stock Option (right to buy) $6.05000
             
(12)
11/04/12
Common Stock
4,500
$
4,500
D
Non-Qualified Stock Option (right to buy) $6.20000
             
(11)
08/05/12
Common Stock
4,500
$
4,500
D
Non-Qualified Stock Option (right to buy) $13.24000
             
(10)
05/24/12
Common Stock
4,500
$
4,500
D
Non-Qualified Stock Option (right to buy) $13.76000
             
(9)
04/04/12
Common Stock
9,000
$
9,000
D
Non-Qualified Stock Option $7.0000 03/05/2003
A
14,500       
(13)
03/05/13
Common Stock
14,500
$
14,500
D

Explanation of Responses:
 
(1) 20% (1,500 shares) vest at the end of the first year (8/20/99) and 5% (375 shares) per quarter thereafter.
(2) 20% (1,710 shares) vest at the end of the first year (1/23/99) and 5% (427 shares) per quarter thereafter.
(3) 20% (300 shares) vest at the end of the first year (4/24/98) and 5% (75 shares) per quarter thereafter.
(4) 20% (900 shares) vest at the end of the first year (1/24/98) and 5% (225 shares) per quarter thereafter.
(5) 20% (2,066 shares) vest at the end of the first year (5/24/01) and 5% (516 shares) per quarter thereafter.
(6) 20% (1,533 shares) vest at the end of the first year (4/14/01) and 5% (383 shares) per quarter thereafter.
(7) 20% (1,500 shares) vest at the end of the first year (4/26/00) and 5% (375 shares) per quarter thereafter.
(8) 20% (2,880 shares) vest at the end of the first year (11/30/01) and 5% (720 shares) per quarter thereafter.
(9) 25% (2,250 shares) vest at the end of the first year (4/4/03) and 6.25% (562 shares) per quarter thereafter.
(10) 25% (1,125 shares) vest at the end of the first year (5/24/03) and 6.25% (281 shares) per quarter thereafter.
(11) 25% (1,125 shares) vest at the end of the first year (8/5/03) and 6.25% (281 shares) per quarter thereafter.
(12) 25% (1,125 shares) vest at the end of the first year (11/4/03) and 6.25% (281 shares) per quarter thereafter.
(13) 25% (3,628 shares) vest at the end of the first year (3/5/04) and 6.25% (906 shares) per quarter thereafter.
By: Date:
/s/ Kevin Thimble, Attorney-in-Fact 03/07/2003
** Signature of Reporting Person
SEC 1474 (9-02)


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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