SEC Form 4 · accession 0001628280-17-006499
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
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 6:46 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 13, 2017 | M | 29,336 | $0.00 | A | 139,662 | 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 UnitF2 | — | Jun 13, 2017 | M | 29,336 | D | — | — | Common Stock | 29,336 | 58,673 | D |
| Stock Option (right to buy)F3 | $4.35 | Jun 14, 2017 | A | 424,710 | A | — | Jun 14, 2027 | Common Stock | 424,710 | 424,710 | D |
| Restricted Stock UnitF4 | — | Jun 14, 2017 | A | 87,432 | A | — | — | Common Stock | 87,432 | 87,432 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On June 13, 2016, the reporting person was granted 88,009 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. The restricted stock units vest ratably on each of the first three anniversaries of the grant date.
- F3On June 14, 2017, the reporting person was granted 424,710 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.
- F4On June 14, 2017, the reporting person was granted 87,432 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. The restricted stock units will vest ratably on each of the first three anniversaries of the grant date.