SEC Form 4 · accession 0001193805-18-000377
VOLT INFORMATION SCIENCES, INC. · VISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 9:29 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 Stock, $0.10 Par ValueF1,F2,F3,F5 | Mar 6, 2018 | J | 61,000 | — | A | 1,809,968 | D | |
| Common Stock, $0.10 Par ValueF1,F2,F4 | holding | — | — | — | 596,626 | I | By: John Rudolf |
Table II — derivative securities
No Table II lines on this filing.
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.
- F3On March 6, 2018, GPC merged with Fortis Capital Management LLC ("Fortis"), with GPC surviving the merger (the "Merger"). Fortis previously served as investment manager to a separately managed account that beneficially owned the reported shares. Upon consummation of the Merger, GPC is now deemed to beneficially own the reported shares.
- F4Mr. Rudolf directly owns 323,029 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 55,605 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.
- F5Shares 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 may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by the Fund by virtue of having sole voting and dispositive power over the shares.