The "Search" tab of the watermark dialog allows you to locate watermarks in an executable or a specified process of the protected application:
Results of the search are displayed in the list below:
Important:
When you search for watermarks in an unpacked executable, any of this modes will do. However, if an executable is packed, you should search for watermarks in the running application only (the "Search in module" mode). Searching in the executable in this case is useless as watermarks (as well as the code and data) are packed and are only unpacked when the application is running.