VOLT INFORMATION SCIENCES, INC. 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Dec 20, 2007
Insider Transaction Report
Form 4
DALEY THOMAS
SENIOR VICE PRESIDENT
Transactions
- Award
Employee Stock Option (Right to Buy)
2007-12-18+3,000→ 3,000 totalExercise: $13.32Exp: 2017-12-17→ Common Stock, $.10 par value (3,000 underlying) - Award
Restricted Stock Units
2007-12-18+6,000→ 6,000 totalExercise: $0.00→ Common Stock, $.10 par value (6,000 underlying)
Holdings
- 1,840.35(indirect: By ESOP)
Common stock, $0.10 par value
- 3,000
Employee Stock Option (Right to Buy)
Exercise: $12.35Exp: 2013-09-04→ Common Stock, $.10 par value (3,000 underlying)
Footnotes (5)
- [F1]Held in the undersigned's account in the Company's Employee Stock Ownership Plan as of October 31, 2007, the latest date as of which information is available.
- [F2]Exercisable as to 20% per year commencing 09/05/04, on a cumulative basis.
- [F3]Options may be "earned" subject to the Company's achievement of certain performance goals measured at the end of the Company's 2012 fiscal year (i.e., the end of the fiscal year beginning on the Sunday nearest October 31, 2012). Such options, to the extent so "earned," will vest in four equal annual installments on the 15th day of the third month of each of the Company's fiscal years 2013, 2014, 2015 and 2016.
- [F4]Each restricted stock unit represents the right to one share of common stock.
- [F5]Each share of common stock represented by a restricted stock unit may be "earned" subject to the Company's achievement of certain performance goals measured at the end of the Company's 2011 fiscal year (i.e., the end of the fiscal year beginning on the Sunday nearest October 31, 2011). Such shares, to the extent so "earned," will vest in five equal annual installments on the 15th day of the third month of each of the Company's fiscal years 2012, 2013, 2014, 2015 and 2016.