Hollins Ann R 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Jun 18, 2018
Insider Transaction Report
Form 4
Hollins Ann R
SVP & CHRO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2018-06-14−4,098→ 8,197 total→ Common Stock (4,098 underlying) - Award
Performance Unit
2018-06-14+33,634→ 33,634 total→ Common Stock (33,634 underlying) - Award
Restricted Stock Unit
2018-06-14+35,156→ 35,156 total→ Common Stock (35,156 underlying) - Exercise/Conversion
Common Stock
2018-06-14+4,098→ 11,043 total
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On June 14, 2017, the reporting person was granted 12,295 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.
- [F3]On June 14, 2018, the reporting person was granted 33,634 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 any cash value received.
- [F4]On June 14, 2018, the reporting person was granted 35,156 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 any cash value received. The restricted stock units will vest ratably on each of the first three anniversaries of the grant date.