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

Role
President and CEO, Director
Signature
/s/ Nancy T. Avedissian, Attorney-in-Fact
Stock symbol
VOLT
Transactions as of
Jun 15, 2021
Transactions value $
-$120,576
Form type
4
Date filed
6/16/2021, 08:14 PM
Previous filing
Jun 16, 2021
Next filing
Sep 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOLT Common Stock Options Exercise +118K +38.12% 428K Jun 15, 2021 Direct F1
transaction VOLT Common Stock Tax liability -$121K -28.8K -6.72% $4.19 399K Jun 15, 2021 Direct F2

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 -118K -33.33% $0.00 236K Jun 15, 2021 Common Stock 118K Direct F1, F3
transaction VOLT Restricted Stock Unit Award $0 +215K $0.00 215K Jun 15, 2021 Common Stock 215K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 15, 2020, the reporting person was granted 354,545 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.
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 118,181 restricted stock units reported in Table II below.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 On June 15, 2021, the reporting person was granted 214,797 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.