Celia Brown - 22 Apr 2022 Form 4 Insider Report for VOLT INFORMATION SCIENCES, INC.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
26 Apr 2022, 12:54:27 UTC
Prior SEC filing
09 Dec 2021
Next SEC filing
12 Dec 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Nancy T. Avedissian, Attorney-in-Fact

Key filing fact

Celia Brown filed Form 4 for VOLT INFORMATION SCIENCES, INC. on 26 Apr 2022.

Key facts

  • This page summarizes Celia Brown's Form 4 filing for VOLT INFORMATION SCIENCES, INC..
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 26 Apr 2022, 12:54.

Change

  • Previous filing in this sequence was filed on 09 Dec 2021.
  • Current net transaction value: $0.

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

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value
Shares
-69,035
Change %
-100%
Price
Shares after
0
Date
22 Apr 2022
Ownership
By Celia R. Brown Revocable Trust
Footnotes
F1
VOLT transaction

Common Stock

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value
Shares
-17,281
Change %
-100%
Price
Shares after
0
Date
22 Apr 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

VOLT transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value
$0
Shares
-21,480
Change %
-100%
Price
$0.000000*
Shares after
0
Date
25 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
21,480
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Celia Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote 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.

Footnote F2

Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $6.00.

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