Key facts
- This page summarizes Herbert M. Mueller's Form 4 filing for VOLT INFORMATION SCIENCES, INC..
- 6 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 26 Apr 2022, 13:07.
Herbert M. Mueller - 22 Apr 2022 Form 4 Insider Report for VOLT INFORMATION SCIENCES, INC.
- Reporting relationship
- SVP & Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 22 Apr 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 26 Apr 2022, 13:07:22 UTC
- Prior SEC filing
- 23 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nancy T. Avedissian, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Herbert M. Mueller filed Form 4 for VOLT INFORMATION SCIENCES, INC. on 26 Apr 2022.
Change
- Previous filing in this sequence was filed on 23 Sep 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- -140,424
- 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
Performance Unit
Award
- Transaction value
- $0
- Shares
- +11,621
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 11,621
- Exercise price
- $0.000000
- Footnotes
- F2, F3
VOLT
transaction
Derivative
Performance Unit
Disposed to Issuer
- Transaction value
- $0
- Shares
- -11,621
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 11,621
- Exercise price
- $0.000000
- Footnotes
- F4
VOLT
transaction
Derivative
Performance Unit
Award
- Transaction value
- $0
- Shares
- +77,685
- Change %
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 77,685
- Exercise price
- $0.000000
- Footnotes
- F2, F5
VOLT
transaction
Derivative
Performance Unit
Disposed to Issuer
- Transaction value
- $0
- Shares
- -77,685
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 77,685
- Exercise price
- $0.000000
- Footnotes
- F4
VOLT
transaction
Derivative
Restricted Stock Unit
Disposed to Issuer
- Transaction value
- $0
- Shares
- -154,737
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 25 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 154,737
- Exercise price
- $0.000000
- Footnotes
- F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Herbert M. Mueller is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 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
Performance units convert into common stock on a one-for-one basis.
Footnote F3
On September 3, 2019, the reporting person was granted 59,904 performance stock units. The performance units were eligible to vest 1/3 in each of the three years following June 14, 2019 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 were eligible to vest.
Footnote F4
Upon consummation of the Merger, these performance units were deemed to be earned and each was cancelled in exchange for a cash payment equal to $6.00.
Footnote F5
On June 15, 2021, the reporting person was granted 66,587 performance stock units. The performance units were eligible to vest 1/3 in each of the three years following the grant date 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 were eligible to vest.
Footnote F6
Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $6.00.