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