SEC Form 4 · accession 0001628280-18-008000
VOLT INFORMATION SCIENCES, INC. · VISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Linda Perneau
Officer — Interim CEO, President - VWS
Period of report
Jun 14, 2018
Accepted (ET)
Jun 18, 2018 · 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 | — | Jun 14, 2018 | A | 86,563 | A | — | — | Common Stock | 86,563 | 86,563 | D |
| Performance UnitF2 | — | Jun 14, 2018 | A | 82,814 | A | — | — | Common Stock | 82,814 | 82,814 | D |
Explanation of responses
- F1On June 14, 2018, the reporting person was granted 86,563 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, subject to a cap on any cash value received. The restricted stock units will vest ratably on each of the first three anniversaries of the grant date.
- F2On June 14, 2018, the reporting person was granted 82,814 performance units. The performance units are eligible to vest and be settled 1/3 each year following the grant date based on certain stock price performance goals measured over the applicable performance period. At maximum level of achievement of the applicable stock price performance goal, up to 200% of the units granted are eligible to vest. Each performance unit represents a contingent right to receive one share of the registrant's common stock or the cash value thereof, subject to a cap on any cash value received.