SEC Form 4 · accession 0001104659-15-087134
VOLT INFORMATION SCIENCES, INC. · VISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D. Dean
Officer — President & CEO · Director
Period of report
Dec 28, 2015
Accepted (ET)
Dec 29, 2015 · 8:40 pm EST
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 | Dec 28, 2015 | M | 42,000 | — | A | 101,246 | D | |
| Common StockF2 | Dec 28, 2015 | F | 14,259 | $8.17 | D | 86,987 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | Dec 28, 2015 | M | 42,000 | D | — | — | Common Stock | 42,000 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Represents number of shares of common stock that have been withheld by the issuer in connection with the tax net settlement of the 42,000 restricted stock units listed in Table II and does not represent a sale by the reporting person.
- F3On June 29, 2015, the reporting person was granted 42,000 restricted stock units, which fully vested on December 25, 2015, and were stock-settled on December 28, 2015.