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 STEVEN A

(Last) (First) (Middle)
C/O VOLT INFORMATION SCIENCES INC
560 LEXINGTON AVENUE

(Street)
NEW YORK NY 10022

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
PRESIDENT/CEO
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
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, $0.10 par value 04/01/2008 G(1) V 249,590 A $0 1,020,850 D
Common stock, $0.10 par value 04/01/2008 G(1) V 54,054 A $0 54,054 I As Co-Trustee(2)(3)
Common stock, $0.10 par value 04/01/2008 G(1) V 54,054 A $0 54,054 I As Co-Trustee(2)(3)
Common stock, $0.10 par value 131.168 I By ESOP(4)
Common stock, $0.10 par value 10,312.003 I By 401(k)(5)
Common stock, $0.10 par value 147,250 I As Trustee(6)
Common stock, $0.10 par value 331,649 I As Trustee(3)(7)
Common stock, $0.10 par value 13,947 I As Trustee(3)(8)
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
Employee Stock Option (Right to Buy) $14.875 (9) 11/29/2009 Common Stock, $.10 par value 9,750 9,750 D
Employee Stock Option (Right to Buy) $12.5417 (9) 11/30/2010 Common Stock, $.10 par value 15,000 15,000 D
Employee Stock Option (Right to Buy) $7.1133 (9) 03/10/2013 Common Stock, $.10 par value 6,000 6,000 D
Employee Stock Option (Right to Buy) $13.32 (10) 12/17/2017 Common Stock, $.10 par value 20,000 20,000 D
Restricted Stock Units(11) $0 (12) (12) Common Stock, $.10 par value 20,000 20,000 D
Explanation of Responses:
1. Acquired upon the maturity of a grantor retained annuity trust of Jerome Shaw, who is the father of the reporting person.
2. Held by the reporting person as co-trustee of a trust for the benefit of a nephew of the reporting person.
3. The filing of this statement shall not be construed as an admission that the reporting person is, for the purposes of Section 16 of the Securities ExchangeAct of 1934 or otherwise, the beneficial owner of these securities.
4. Held in the reporting person's Employee Stock Ownership Plan account in the Company Savings Plan as of March 31, 2008, the latest date as of which information is available.
5. Held in the reporting person's Stock Fund under the reporting person's 401(k) Plan account in the Company Savings Plan as of March 31, 2008, the latest date as of which information is available.
6. Held as co-trustee of a trust of which the reporting person is a beneficiary.
7. Held as co-trustee of trusts for the benefit of two siblings of the reporting person.
8. Held as trustee of trusts for the benefit of two nephews of the reporting person.
9. Each option is currently exercisable in full.
10. Options may be "earned" subject to the Company's achievement of certain performance goals measured at the end of the Company's 2012 fiscal year (i.e., the end of the fiscal year beginning on the Sunday nearest October 31, 2012). Such options, to the extent so "earned," will vest in four equal annual installments on the 15th day of the third month of each of the Company's fiscal years 2013, 2014, 2015 and 2016.
11. Each restricted stock unit represents the right to one share of common stock.
12. Each share of common stock represented by a restricted stock unit may be "earned" subject to the Company's achievement of certain performance goals measured at the end of the Company's 2011 fiscal year (i.e., the end of the fiscal year beginning on the Sunday nearest October 31, 2011). Such shares, to the extent so "earned," will vest in five equal annual installments on the 15th day of the third month of each of the Company's fiscal years 2012, 2013, 2014, 2015 and 2016.
/s/ Steven A. Shaw 04/03/2008
** 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).
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