SEC Form 4 · accession 0001104659-16-154706
VOLT INFORMATION SCIENCES, INC. · VISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancy T Avedissian
Officer — SVP/General Counsel/Corp Sec.
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 7:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000103872
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Nov 1, 2016 | A | 7,429 | A | — | — | Common Stock | 7,429 | 7,429 | D |
| Stock Option (right to buy)F2 | $6.50 | Nov 1, 2016 | A | 36,833 | A | — | Nov 1, 2026 | Common Stock | 36,833 | 36,833 | D |
Explanation of responses
- F1On November 1, 2016, the reporting person was granted 7,429 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock or the cash value thereof. The restricted stock units will vest ratably on each of the first three anniversaries of the grant date.
- F2On November 1, 2016, the reporting person was granted 36,833 options to purchase shares of the registrant's common stock. The stock options will vest ratably on each of the first three anniversaries of the grant date.