4//SEC Filing
MUELLER HERBERT M 4
Accession 0001628280-22-010352
CIK 0000103872other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 1:07 PM ET
Size
16.8 KB
Accession
0001628280-22-010352
Insider Transaction Report
Form 4
MUELLER HERBERT M
SVP & Chief Financial Officer
Transactions
- Disposition to Issuer
Restricted Stock Unit
2022-04-25−154,737→ 0 totalExercise: $0.00→ Common Stock (154,737 underlying) - Disposition to Issuer
Performance Unit
2022-04-25−11,621→ 0 totalExercise: $0.00→ Common Stock (11,621 underlying) - Award
Performance Unit
2022-04-25+77,685→ 0 totalExercise: $0.00→ Common Stock (77,685 underlying) - Disposition from Tender
Common Stock
2022-04-22−140,424→ 0 total - Award
Performance Unit
2022-04-25+11,621→ 0 totalExercise: $0.00→ Common Stock (11,621 underlying) - Disposition to Issuer
Performance Unit
2022-04-25−77,685→ 0 totalExercise: $0.00→ Common Stock (77,685 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of March 12, 2022 (the "Merger Agreement"), by and among Vega Consulting, Inc., a Delaware corporation ("Parent"), Vega MergerCo, Inc., a New York corporation and wholly owned subsidiary of Parent, and Volt Information Sciences, Inc., a New York corporation (the "Company"), in exchange for $6.00 per share upon the consummation of the transactions contemplated by the Merger Agreement (the "Merger") or in the related preceding tender offer (the "Tender Offer") at the same price. The Tender Offer expired on April 22, 2022, and the Merger closed on April 25, 2022.
- [F2]Performance units convert into common stock on a one-for-one basis.
- [F3]On September 3, 2019, the reporting person was granted 59,904 performance stock units. The performance units were eligible to vest 1/3 in each of the three years following June 14, 2019 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 were eligible to vest.
- [F4]Upon consummation of the Merger, these performance units were deemed to be earned and each was cancelled in exchange for a cash payment equal to $6.00.
- [F5]On June 15, 2021, the reporting person was granted 66,587 performance stock units. The performance units were 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 were eligible to vest.
- [F6]Upon consummation of the Merger, each time-based restricted stock unit was cancelled in exchange for a cash payment equal to $6.00.
Documents
Issuer
VOLT INFORMATION SCIENCES, INC.
CIK 0000103872
Entity typeother
Related Parties
1- filerCIK 0001249448
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 1:07 PM ET
- Size
- 16.8 KB