Nick Cyprus - Jun 15, 2021 Form 4 Insider Report for VOLT INFORMATION SCIENCES, INC. (VOLT)

Role
Director
Signature
/s/ Nancy T. Avedissian, Attorney-in-Fact
Stock symbol
VOLT
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
4
Date filed
6/16/2021, 05:02 PM
Next filing
Jan 5, 2022

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 Award $0 +21.5K $0.00 21.5K Jun 15, 2021 Common Stock 21.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On June 15, 2021, the reporting person was granted 21,480 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 on June 15, 2022. Upon vesting, shares will be delivered to the reporting person six months following the reporting person's termination as a director of Volt Information Sciences, Inc. ("Company") pursuant to the reporting person's election under the Company's Deferred Compensation Plan.