SEC Form 4 · accession 0001104659-15-049317
VOLT INFORMATION SCIENCES, INC. · VISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D. Dean
Officer — Interim President & CEO · Director
Period of report
Jun 29, 2015
Accepted (ET)
Jul 1, 2015 · 4:51 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 StockF1 | Jun 29, 2015 | A | 24,246 | $0.00 | A | 49,246 | D | |
| Common Stock | Jun 30, 2015 | P | 10,000 | $9.32 | A | 59,246 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $9.28 | Jun 29, 2015 | A | 100,000 | A | — | Jun 28, 2022 | Common Stock | 100,000 | 100,000 | D |
| Restricted Stock UnitF3 | — | Jun 29, 2015 | A | 42,000 | A | — | — | Common Stock | 42,000 | 42,000 | D |
Explanation of responses
- F1On June 29, 2015, the reporting person was granted fully vested shares of common stock as part of the director compensation program approved by the board of directors.
- F2The stock options will vest ratably on the first day of each month for six consecutive months beginning on August 1, 2015.
- F3The restricted stock units will generally vest in full on December 25, 2015.