0001628280-19-008078.txt : 20190618
0001628280-19-008078.hdr.sgml : 20190618
20190618163421
ACCESSION NUMBER: 0001628280-19-008078
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190614
FILED AS OF DATE: 20190618
DATE AS OF CHANGE: 20190618
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Naujokas Leonard Frank
CENTRAL INDEX KEY: 0001696904
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09232
FILM NUMBER: 19903972
MAIL ADDRESS:
STREET 1: 1133 AVENUE OF THE AMERICAS
STREET 2: 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VOLT INFORMATION SCIENCES, INC.
CENTRAL INDEX KEY: 0000103872
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363]
IRS NUMBER: 135658129
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1103
BUSINESS ADDRESS:
STREET 1: 50 CHARLES LINDBERGH BLVD
STREET 2: SUITE 206
CITY: UNIONDALE
STATE: NY
ZIP: 11553
BUSINESS PHONE: 516-228-6770
MAIL ADDRESS:
STREET 1: 50 CHARLES LINDBERGH BLVD
STREET 2: SUITE 206
CITY: UNIONDALE
STATE: NY
ZIP: 11553
FORMER COMPANY:
FORMER CONFORMED NAME: VOLT INFORMATION SCIENCES INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: VOLT TECHNICAL CORP
DATE OF NAME CHANGE: 19680913
4
1
wf-form4_156089004623334.xml
FORM 4
X0306
4
2019-06-14
0
0000103872
VOLT INFORMATION SCIENCES, INC.
VISI
0001696904
Naujokas Leonard Frank
C/O VOLT INFORMATION SCIENCES, INC.
2401 N. GLASSELL ST.
ORANGE
CA
92865
0
1
0
0
Controller & CAO
Common Stock
2019-06-14
4
M
0
1639
A
3142
D
Common Stock
2019-06-14
4
D
0
1639
4.32
D
1503
D
Common Stock
2019-06-14
4
M
0
1563
A
3066
D
Common Stock
2019-06-14
4
F
0
517
4.32
D
2549
D
Common Stock
2019-06-14
4
M
0
1495
A
4044
D
Common Stock
2019-06-14
4
A
0
970
4.32
A
5014
D
Common Stock
2019-06-14
4
F
0
815
4.32
D
4199
D
Phantom Stock
2019-06-14
4
M
0
1639
0
D
Common Stock
1639.0
1640
D
Restricted Stock Unit
2019-06-14
4
M
0
1563
0
D
Common Stock
1563.0
3125
D
Performance Unit
2019-06-14
4
M
0
1495
0
D
Common Stock
1495.0
2990
D
Restricted Stock Unit
2019-06-14
4
A
0
6913
0
A
Common Stock
6913.0
6913
D
Each phantom unit is the economic equivalent of one share of the registrant's common stock.
Restricted stock units convert into common stock on a one-for-one basis.
Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 1,563 restricted stock units reported in Table II below.
Performance units convert into common stock on a one-for-one basis.
Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 1,495 restricted stock units reported in Table II below and award of 970 shares of common stock reported in Table I.
On June 14, 2017, the reporting person was granted 4,918 phantom units payable in cash. The phantom units vest ratably on each of the first three anniversaries of the grant date.
On June 14, 2018, the reporting person was granted 4,688 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 the value received. The restricted stock units vest ratably on each of the first three anniversaries of the grant date.
On June 14, 2018, the reporting person was granted 4,485 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 the cash value received.
On June 14, 2019, the reporting person was granted 6,913 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.
/s/ Nancy T. Avedissian, Attorney-in-Fact
2019-06-18