Schultz Lori 4
4 · VOLT INFORMATION SCIENCES, INC. · Filed Jun 15, 2021
Insider Transaction Report
Form 4
Schultz Lori
Chief Global Solutions Officer
Transactions
- Exercise/Conversion
Common Stock
2021-06-14+10,857→ 39,901 total - Exercise/Conversion
Common Stock
2021-06-14+3,840→ 43,741 total - Award
Common Stock
2021-06-14+3,149→ 46,890 total - Tax Payment
Common Stock
2021-06-14$4.06/sh−5,523$22,423→ 41,367 total - Exercise/Conversion
Restricted Stock Unit
2021-06-14−10,857→ 0 total→ Common Stock (10,857 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-06-14−3,840→ 3,841 total→ Common Stock (3,840 underlying)
Footnotes (5)
- [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 each of the three anniversaries following June 14, 2018.
- [F2]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.
- [F3]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.
- [F4]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 14,697 restricted stock units reported in Table II below and 3,149 performance stock units reported in Table I.
- [F5]Restricted stock units convert into common stock on a one-for-one basis.