Schultz Lori 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Jun 16, 2020
Insider Transaction Report
Form 4
Schultz Lori
Chief Global Solutions Officer
Transactions
- Exercise/Conversion
Common Stock
2020-06-14+10,858→ 25,776 total - Exercise/Conversion
Restricted Stock Unit
2020-06-14−3,840→ 7,681 total→ Common Stock (3,840 underlying) - Tax Payment
Common Stock
2020-06-14$0.95/sh−6,332$6,015→ 29,044 total - Exercise/Conversion
Restricted Stock Unit
2020-06-14−10,858→ 10,857 total→ Common Stock (10,858 underlying) - Award
Common Stock
2020-06-14+5,760→ 31,536 total - Exercise/Conversion
Common Stock
2020-06-14+3,840→ 35,376 total
Footnotes (4)
- [F1]On September 1, 2018, the reporting person was granted 32,573 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 cash value received. The restricted stock units vest ratably on June 14, 2019, June 14, 2020 and June 14, 2021.
- [F2]On June 14, 2019, the reporting person was granted 11,520 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.
- [F3]On June 14, 2019, the reporting person was granted 11,521 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.
- [F4]Restricted stock units convert into common stock on a one-for-one basis.