Lori Schultz - Jun 14, 2021 Form 4 Insider Report for VOLT INFORMATION SCIENCES, INC. (VOLT)

Role: Chief Global Solutions Officer
Signature: /s/ Nancy T. Avedissian, Attorney-in-Fact
Stock symbol: VOLT
Transactions as of: Jun 14, 2021
Transactions value $: -$22,423
Form type: 4
Date filed: 6/15/2021, 07:20 PM
Next filing: Jun 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VOLT	Common Stock	Options Exercise		+10.9K	+37.38%		39.9K	Jun 14, 2021	Direct	F1
transaction	VOLT	Common Stock	Options Exercise		+3.84K	+9.62%		43.7K	Jun 14, 2021	Direct	F2
transaction	VOLT	Common Stock	Award		+3.15K	+7.2%		46.9K	Jun 14, 2021	Direct	F3
transaction	VOLT	Common Stock	Tax liability	-$22.4K	-5.52K	-11.78%	$4.06	41.4K	Jun 14, 2021	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VOLT	Restricted Stock Unit	Options Exercise	$0	-10.9K	-100%	$0.00^*	0	Jun 14, 2021	Common Stock	10.9K		Direct	F1, F5
transaction	VOLT	Restricted Stock Unit	Options Exercise	$0	-3.84K	-49.99%	$0.00	3.84K	Jun 14, 2021	Common Stock	3.84K		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 1, 2018, the reporting person was granted 32,573 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock or the cash value thereof, subject to a cap on the cash value received. The restricted stock units vest ratably on each of the three anniversaries following June 14, 2018.
F2	On June 14, 2019, the reporting person was granted 11,521 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. The restricted stock units will vest ratably on each of the first three anniversaries of the grant date.
F3	On June 14, 2019, the reporting person was granted 11,520 performance stock units. The performance units are eligible to vest 1/3 in each of the three years following the grant date based on the Company's achievement of certain financial performance goals measured over the applicable fiscal year performance period. At the maximum level of achievement, up to 150% of the units granted are eligible to vest. Each performance stock unit represents a contingent right to receive one share of the registrant's common stock.
F4	Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 14,697 restricted stock units reported in Table II below and 3,149 performance stock units reported in Table I.
F5	Restricted stock units convert into common stock on a one-for-one basis.