0001628280-22-010354.txt : 20220426 0001628280-22-010354.hdr.sgml : 20220426 20220426130912 ACCESSION NUMBER: 0001628280-22-010354 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: Naujokas Leonard Frank CENTRAL INDEX KEY: 0001696904 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09232 FILM NUMBER: 22853127 MAIL ADDRESS: STREET 1: C/O VOLT INFORMATION SCIENCES, INC. STREET 2: 50 CHARLES LINDBERG BLVD. SUITE 206 CITY: UNIONDALE STATE: NY ZIP: 11553 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_165099293386901.xml FORM 4 X0306 4 2022-04-22 1 0000103872 VOLT INFORMATION SCIENCES, INC. VOLT 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 2022-04-22 4 U 0 27294 D 0 D Performance Unit 0.0 2022-04-25 4 A 0 1341 0 A Common Stock 1341.0 0 D Performance Unit 0.0 2022-04-25 4 D 0 1341 0 D Common Stock 1341.0 0 D Performance Unit 0.0 2022-04-25 4 A 0 18795 0 A Common Stock 18795.0 0 D Performance Unit 0.0 2022-04-25 4 D 0 18795 0 D Common Stock 18795.0 0 D Restricted Stock Unit 0.0 2022-04-25 4 D 0 36597 0 D Common Stock 36597.0 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 6,912 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 16,110 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. /s/ Nancy T. Avedissian, Attorney-in-Fact 2022-04-26