Herbert M. Mueller - Jun 14, 2021 Form 4 Insider Report for VOLT INFORMATION SCIENCES, INC. (VOLT)

Role: SVP & Chief Financial Officer
Signature: /s/ Nancy T. Avedissian, Attorney-in-Fact
Stock symbol: VOLT
Transactions as of: Jun 14, 2021
Transactions value $: -$20,008
Form type: 4
Date filed: 6/16/2021, 05:22 PM
Next filing: Sep 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VOLT	Common Stock	Award		+16.4K	+22.77%		88.3K	Jun 14, 2021	Direct	F1
transaction	VOLT	Common Stock	Tax liability	-$20K	-4.93K	-5.58%	$4.06	83.4K	Jun 14, 2021	Direct	F2
transaction	VOLT	Common Stock	Options Exercise		+34.1K	+40.89%		117K	Jun 15, 2021	Direct	F3

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	-34.1K	-33.33%	$0.00	68.2K	Jun 15, 2021	Common Stock	34.1K		Direct	F3, F4
transaction	VOLT	Restricted Stock Unit	Award	$0	+66.6K		$0.00	66.6K	Jun 15, 2021	Common Stock	66.6K		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	On September 3, 2019, the reporting person was granted 59,904 performance stock units. The performance units are eligible to vest 1/3 in each of the three years following June 14, 2018 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.
F2	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 16,373 performance stock units reported in Table I.
F3	On June 15, 2020, the reporting person was granted 102,273 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 vest ratably on each of the first three anniversaries of the grant date.
F4	Restricted stock units convert into common stock on a one-for-one basis.
F5	On June 15, 2021, the reporting person was granted 66,587 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.