Celia Brown - Apr 22, 2022 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
Apr 22, 2022
Transactions value $
$0
Form type
4
Date filed
4/26/2022, 12:54 PM
Previous filing
Dec 9, 2021
Next filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VOLT Common Stock Disposition pursuant to a tender of shares in a change of control transaction -69K -100% 0 Apr 22, 2022 By Celia R. Brown Revocable Trust F1
transaction VOLT Common Stock Disposition pursuant to a tender of shares in a change of control transaction -17.3K -100% 0 Apr 22, 2022 Direct F1

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 Disposed to Issuer $0 -21.5K -100% $0.00* 0 Apr 25, 2022 Common Stock 21.5K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Celia Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 12, 2022 (the "Merger Agreement"), by and among Vega Consulting, Inc., a Delaware corporation ("Parent"), Vega MergerCo, Inc., a New York corporation and wholly owned subsidiary of Parent, and Volt Information Sciences, Inc., a New York corporation (the "Company"), in exchange for $6.00 per share upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger") or in the related preceding tender offer (the "Tender Offer") at the same price. The Tender Offer expired on April 22, 2022, and the Merger closed on April 25, 2022.
F2 Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $6.00.