0001628280-22-010350.txt : 20220426 0001628280-22-010350.hdr.sgml : 20220426 20220426130513 ACCESSION NUMBER: 0001628280-22-010350 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220422 FILED AS OF DATE: 20220426 DATE AS OF CHANGE: 20220426 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Avedissian Nancy T CENTRAL INDEX KEY: 0001688627 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09232 FILM NUMBER: 22853110 MAIL ADDRESS: STREET 1: C/O VOLT INFORMATION SCIENCES, INC. STREET 2: 2401 N. GLASSELL ST. CITY: ORANGE STATE: CA ZIP: 92865 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: 1231 BUSINESS ADDRESS: STREET 1: 2401 N. GLASSELL ST. CITY: ORANGE STATE: CA ZIP: 92865 BUSINESS PHONE: 714-921-8800 MAIL ADDRESS: STREET 1: 2401 N. GLASSELL ST. CITY: ORANGE STATE: CA ZIP: 92865 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_165099269739012.xml FORM 4 X0306 4 2022-04-22 1 0000103872 VOLT INFORMATION SCIENCES, INC. VOLT 0001688627 Avedissian Nancy T C/O VOLT INFORMATION SCIENCES, INC. 2401 N. GLASSELL ST. ORANGE CA 92865 0 1 0 0 SVP/Chief Legal Ofcer/CorpSec Common Stock 2022-04-22 4 U 0 110357 D 0 D Performance Unit 0.0 2022-04-25 4 A 0 5029 0 A Common Stock 5029.0 0 D Performance Unit 0.0 2022-04-25 4 D 0 5029 0 D Common Stock 5029.0 0 D Performance Unit 0.0 2022-04-25 4 A 0 46779 0 A Common Stock 46779.0 0 D Performance Unit 0.0 2022-04-25 4 D 0 46779 0 D Common Stock 46779.0 0 D Restricted Stock Unit 0.0 2022-04-25 4 D 0 106918 0 D Common Stock 106918.0 0 D Stock Option (right to buy) 4.35 2022-04-25 4 D 0 59725 1.65 D 2027-06-14 Common Stock 59725.0 0 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 12, 2022 (the "Merger Agreement"), by and among Vega Consulting, Inc., a Delaware corporation ("Parent"), Vega MergerCo, Inc., a New York corporation and wholly owned subsidiary of Parent, and Volt Information Sciences, Inc., a New York corporation (the "Company"), in exchange for $6.00 per share upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger") or in the related preceding tender offer (the "Tender Offer") at the same price. The Tender Offer expired on April 22, 2022, and the Merger closed on April 25, 2022. Performance units convert into common stock on a one-for-one basis. On June 14, 2019, the reporting person was granted 25,921 performance stock units. The performance units were eligible to vest 1/3 in each of the three years following the grant date based on the Company's achievement of certain financial performance goals measured over the applicable fiscal year performance period. At the maximum level of achievement, up to 150% of the units granted were eligible to vest. Upon consummation of the Merger, these performance units were deemed to be earned and each was cancelled in exchange for a cash payment equal to $6.00. On June 15, 2021, the reporting person was granted 40,096 performance stock units. The performance units were eligible to vest 1/3 in each of the three years following the grant date based on the Company's achievement of certain financial performance goals measured over the applicable fiscal year performance period. At the maximum level of achievement, up to 150% of the units granted were eligible to vest. Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $6.00 Upon consummation of the Merger, each such option was cancelled in exchange for a cash payment equal to the difference between $6.00 and the exercise price of the option. /s/ Nancy T. Avedissian 2022-04-26