Tomkins Paul 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Jun 18, 2019
Insider Transaction Report
Form 4
Tomkins Paul
SVP & Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2019-06-14$4.32/sh−2,412$10,420→ 45,114 total - Tax Payment
Common Stock
2019-06-14$4.32/sh−6,896$29,791→ 57,749 total - Exercise/Conversion
Common Stock
2019-06-14+18,685→ 76,434 total - Tax Payment
Common Stock
2019-06-14$4.32/sh−10,877$46,989→ 77,677 total - Award
Common Stock
2019-06-14$4.32/sh+12,120$52,358→ 88,554 total - Exercise/Conversion
Common Stock
2019-06-14+6,830→ 47,526 total - Exercise/Conversion
Common Stock
2019-06-14+19,531→ 64,645 total - Exercise/Conversion
Performance Unit
2019-06-14−18,685→ 37,371 total→ Common Stock (18,685 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-06-14−6,830→ 6,831 total→ Common Stock (6,830 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-06-14−19,531→ 39,063 total→ Common Stock (19,531 underlying) - Award
Restricted Stock Unit
2019-06-14+43,203→ 43,203 total→ Common Stock (43,203 underlying)
Footnotes (9)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 6,830 restricted stock units reported in Table II below.
- [F3]Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 19,531 restricted stock units reported in Table II below.
- [F4]Performance units convert into common stock on a one-for-one basis.
- [F5]Represents the number of shares of common stock withheld by the issuer to satisfy the tax withholding obligations of the reporting person in connection with the vesting of 18,685 restricted stock units reported in Table II below and award of 12,120 shares of common stock reported in Table I.
- [F6]On June 14, 2017, the reporting person was granted 20,492 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 vest ratably on each of the first three anniversaries of the grant date.
- [F7]On June 14, 2018, the reporting person was granted 58,594 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 the value received. The restricted stock units vest ratably on each of the first three anniversaries of the grant date.
- [F8]On June 14, 2018, the reporting person was granted 56,056 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 the cash value received.
- [F9]On June 14, 2019, the reporting person was granted 43,203 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.