Naujokas Leonard Frank 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Jun 16, 2020
Insider Transaction Report
Form 4
Naujokas Leonard Frank
Controller & CAO
Transactions
- Exercise/Conversion
Common Stock
[F1]2020-06-14+1,640→ 11,791 total - Disposition to Issuer
Common Stock
2020-06-14$0.95/sh−1,640$1,558→ 10,151 total - Exercise/Conversion
Common Stock
[F2]2020-06-14+1,563→ 11,714 total - Award
Common Stock
[F3]2020-06-14+3,456→ 15,170 total - Exercise/Conversion
Common Stock
[F4]2020-06-14+2,304→ 17,474 total - Exercise/Conversion
Phantom Stock
[F1][F5]2020-06-14−1,640→ 0 total→ Common Stock (1,640 underlying) - Exercise/Conversion
Restricted Stock Unit
[F6][F2]2020-06-14−1,563→ 1,562 total→ Common Stock (1,563 underlying) - Exercise/Conversion
Restricted Stock Unit
[F6][F4]2020-06-14−2,304→ 4,609 total→ Common Stock (2,304 underlying)
Footnotes (6)
- [F1]Each phantom unit is the economic equivalent of one share of the registrant's common stock.
- [F2]On June 14, 2018, the reporting person was granted 4,688 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.
- [F3]On June 14, 2019, the reporting person was granted 6,912 performance stock units. The performance units are 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 are eligible to vest. Each performance stock unit represents a contingent right to receive one share of the registrant's common stock.
- [F4]On June 14, 2019, the reporting person was granted 6,913 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.
- [F5]On June 14, 2017, the reporting person was granted 4,918 phantom units payable in cash. The phantom units vest ratably on each of the first three anniversaries of the grant date.
- [F6]Restricted stock units convert into common stock on a one-for-one basis.
Signature
/s/ Nancy T. Avedissian, Attorney-in-Fact|2020-06-16