SEC Form 4 · accession 0000921895-15-001722
VOLT INFORMATION SCIENCES, INC. · VISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Glacier Peak U.S. Value Fund, L.P.
10% Owner
Glacier Peak Capital LLC
10% Owner
John C Rudolf
Director · 10% Owner
Period of report
Jun 29, 2015
Accepted (ET)
Jul 2, 2015 · 2:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000103872
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.10 Par ValueF1,F2,F5,F3 | Jun 29, 2015 | A | 8,082 | $0.00 | A | 414,796 | D | |
| Common Stock, $0.10 Par ValueF1,F2,F4 | Jun 30, 2015 | P | 7,932 | $9.29 | A | 1,785,643 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F6 | $9.28 | Jun 29, 2015 | A | 36,675 | A | Jun 29, 2015 | Jun 28, 2022 | Common Stock | 36,675 | 36,675 | D |
Explanation of responses
- F1This Form 4 is filed jointly by Glacier Peak U.S. Value Fund, L.P. (the "Fund"), Glacier Peak Capital LLC ("GPC"), and John C. Rudolf (collectively, the "Reporting Persons"). Each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. As such, each Reporting Person may be deemed to beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.
- F2Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
- F3Mr. Rudolf directly owns 228,479 Shares of Common Stock, may be deemed to beneficially own 36,675 fully vested stock options which are not included in Table I, may be deemed to beneficially own 5,000 Shares of Common Stock that are held in an IRA account that he controls, may be deemed to beneficially own 30,000 Shares of Common Stock that are held in an account he controls for the benefit of his wife, and may be deemed to beneficially own 151,317 Shares of Common Stock held in various accounts he controls for the benefit of other family members.
- F4Shares of Common Stock beneficially owned by the Fund. GPC, as the general partner of the Fund, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by the Fund. Mr Rudolf, as President of GPC, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by the Fund.
- F5On June 29, 2015, Mr. Rudolf was granted fully vested shares of Common Stock as part of the director compensation program approved by the board of directors.
- F6On June 29, 2015, Mr. Rudolf was granted fully vested stock options as part of the director compensation program approved by the board of directors.