Sec Form 4 Filing - Naujokas Leonard Frank @ VOLT INFORMATION SCIENCES, INC. - 2018-06-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Naujokas Leonard Frank
2. Issuer Name and Ticker or Trading Symbol
VOLT INFORMATION SCIENCES, INC. [ VISI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Controller & CAO
(Last) (First) (Middle)
C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FL
3. Date of Earliest Transaction (MM/DD/YY)
06/14/2018
(Street)
NEW YORK, NY10036
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/14/2018 M 1,639 A 1,639 D
Common Stock 06/14/2018 D 1,639 D $ 3.7 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock ( 1 ) 06/14/2018 M 1,639 ( 2 ) ( 2 ) Common Stock 1,639 $ 0 3,279 D
Performance Unit ( 3 ) 06/14/2018 A 4,485 ( 3 ) ( 3 ) Common Stock 4,485 $ 0 4,485 D
Restricted Stock Unit ( 4 ) 06/14/2018 A 4,688 ( 4 ) ( 4 ) Common Stock 4,688 $ 0 4,688 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Naujokas Leonard Frank
C/O VOLT INFORMATION SCIENCES, INC.
1133 AVENUE OF THE AMERICAS, 15TH FL
NEW YORK, NY10036
Controller & CAO
Signatures
/s/ Nancy T. Avedissian, Attorney-in-Fact 06/18/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each phantom unit is the economic equivalent of one share of the registrant's common stock.
( 2 )On June 14, 2017, the reporting person was granted 4,918 phantom stocks payable in cash. The phantom stocks vest ratably on each of the first three anniversaries of the grant date.
( 3 )On June 14, 2018, the reporting person was granted 4,485 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 any cash value received.
( 4 )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 any cash value received. The restricted stock units will vest ratably on each of the first three anniversaries of the grant date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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