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

Reporting relationship: Chief Global Solutions Officer
Issuer ticker: N/A
Reported as of: 14 Jun 2021
Net transaction value: -$22,423
SEC form: 4
Accepted by SEC: 15 Jun 2021, 19:20:23 UTC
Next SEC filing: 17 Jun 2021
Source filing: View source filing
Reporting owner signature: /s/ Nancy T. Avedissian, Attorney-in-Fact

Key filing fact

Lori Schultz filed Form 4 for VOLT INFORMATION SCIENCES, INC. on 15 Jun 2021.

Key facts

This page summarizes Lori Schultz's Form 4 filing for VOLT INFORMATION SCIENCES, INC..
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 15 Jun 2021, 19:20.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$22,423.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VOLT transaction

Common Stock

Options Exercise

Transaction value
Shares: +10,857
Change %: +37%
Price
Shares after: 39,901
Date: 14 Jun 2021
Ownership: Direct
Footnotes: F1

VOLT transaction

Common Stock

Options Exercise

Transaction value
Shares: +3,840
Change %: +9.6%
Price
Shares after: 43,741
Date: 14 Jun 2021
Ownership: Direct
Footnotes: F2

VOLT transaction

Common Stock

Award

Transaction value
Shares: +3,149
Change %: +7.2%
Price
Shares after: 46,890
Date: 14 Jun 2021
Ownership: Direct
Footnotes: F3

VOLT transaction

Common Stock

Tax liability

Transaction value: $22,423
Shares: -5,523
Change %: -12%
Price: $4.06
Shares after: 41,367
Date: 14 Jun 2021
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VOLT transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -10,857
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,857
Exercise price
Footnotes: F1, F5

VOLT transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -3,840
Change %: -50%
Price: $0.000000
Shares after: 3,841
Date: 14 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,840
Exercise price
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

Restricted stock units convert into common stock on a one-for-one basis.