SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SHAW JEROME

(Last) (First) (Middle)
C/O VOLT INFORMATION SCIENCES, INC.
2401 NORTH GLASSELL STREET

(Street)
ORANGE CA 92865

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VOLT INFORMATION SCIENCES, INC. [ VOL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
X Officer (give title below) Other (specify below)
EXECUTIVE V.P. AND SECRETARY
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/13/2007
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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, $.10 par value 06/30/2005 J 8,493(1)(2) A $0 3,558,738(3) D
Common Stock, $.10 par value 08/31/2006 J 52,500(4) A $0 354,375 I As Trustee(5)(6)
Common Stock, $.10 par value 03/31/2005 D 147,250 D $0 0 I As Trustee(7)
Common Stock, $.10 par value 03/31/2005 D 147,250 D $0 0 I As Trustee(7)
Common Stock, $.10 par value 03/31/2005 D 147,252 D $0 0 I As Trustee(7)
Common Stock, $.10 par value 3,576.07 I By ESOP(8)
Common Stock, $.10 par value 27,672.69 I By 401(k) Plan(9)
Common Stock, $.10 par value 14,250 I By Family Foundation(5)(10)
Common Stock, $.10 par value 985,996 I As Trustee(5)(11)
Common Stock, $.10 par value 9,825 I By Spouse(5)(12)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. These 8,493 additional shares represent the net result of the following three transactions: (i) an increase due to the return to a revocable trust for the reporting person of 60,531 shares; such shares had been part of a previous distribution from a grantor trust of the reporting person to a trust for the benefit of Michael Shaw, a son of the reporting person, of which the reporting person is not a trustee (the "Michael Trust"); it was subsequently determined that the original distribution to the Michael Trust included a greater number of shares than was necessary, and therefore the 60,531 shares were returned in December 2007; (ii) an increase attributable to 462 shares represented by two stock certificates that inadvertently had been unaccounted for by the reporting person; and
2. (Continued from Footnote 1) (iii) a reduction due to a transfer of 52,500 shares to the Rachel Trust referred to in footnote (3) below; such shares had previously been deposited in an account for a grantor trust of the reporting person, but because the shares were property of the Rachel Trust, such shares were delivered to the Rachel Trust in December 2007. In addition, the total reported in column 5 includes shares held in four grantor trusts and shares held in a revocable trust, as further detailed in footnote (2) below; such amounts are the result of several transactions between the grantor trusts and the revocable trust which were not required to be reported on this form.
3. Includes 5,946 shares owned directly; 3,538,642 shares owned by the reporting person as trustee under four trusts for the reporting person benefit; and 14,150 shares held by reporting person and his wife as trustees of a revocable trust for their benefit, as to which they have shared voting and investment power for which the reporting person may demand that the shares be transferred to him at any time.
4. Consists of shares which belonged to a trust for the benefit of the reporting person's daughter Rachel Shaw (the "Rachel Trust"); such shares had previously been deposited in an account for a grantor trust of the reporting person, and were delivered to the Rachel Trust in December 2007.
5. The filing of this statement shall not be construed as an admission that the reporting person is, for the purpose of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of these securities.
6. Shares owned of record by the reporting person and his wife as trustees of the Rachel Trust.
7. Pursuant to terms of the trust from which these shares were held, the reporting person was automatically removed as trustee upon expiration of the "trust term." As a result, these shares are no longer reportable by the reporting person.
8. Shares held for the reporting person's benefit under the Company's Employee Stock Ownership Plan ("the "ESOP") as at December 31, 2007, which ESOP was merged into the Company's 401(k) Savings Plan (as merged, the "Plan") as of January 1, 2000. Separate accounts are maintained for the shares held under the ESOP and Savings Plan feature of the Plan.
9. Shares held for the reporting person under the Savings Plan feature of the Plan.
10. Shares held by a family foundation of which the reporting person is a director.
11. Shares held by reporting person, Linda Shaw, Deborah Shaw Sevy and Lloyd Frank as trustees of trusts for the benefit of the children of William Shaw, the grantor of such trusts.
12. Shares held by reporting person's wife.
/s/ Jerome Shaw 02/14/2008
** Signature of Reporting Person 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.