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*
GOODMAN BRUCE G

(Last) (First) (Middle)
SHEPHERD KAPLAN LLC
125 SUMMER STREET

(Street)
BOSTON MA 02110

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2010
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 19,244 D
Common Stock, $0.10 par value 1,500 I As Trustee(1)(2)
Common Stock, $0.10 par value 04/08/2010 G V 4,900 A $0 43,482 I As Co-Trustee(1)(3)
Common Stock, $0.10 par value 03/03/2010 W V 7,167 A $0 12,067 I By Spouse(1)
Common Stock, $0.10 par value 06/17/2010 W V 2,624 A $0 14,691 I By Spouse(1)
Common Stock, $0.10 par value 04/08/2010 G V 4,900 D $0 9,791 I By Spouse(1)
Common Stock, $0.10 par value 06/18/2010 J(4) 213,378 A (4) 223,169 I By Spouse(1)
Common Stock, $0.10 par value 06/18/2010 G(5) V 213,378 D $0(5) 9,791 I By Spouse(1)
Common Stock, $0.10 par value 1,890,438 I By Spouse's GRATs(1)(6)
Common Stock, $0.10 par value 03/03/2010 W(7) V 7,167 D $0(7) 2,624 I By Spouse as Co-Executrix(1)(8)
Common Stock, $0.10 par value 06/17/2010 W(7) V 2,624 D $0(7) 0 I By Spouse as Co-Executrix(1)(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
Stock Option (Right to Buy) $6.39 (9) 04/06/2019 Common Stock, $.10 par value 3,000 3,000 D
Explanation of Responses:
1. The filing of this statement shall not be construed as an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of these securities.
2. Held by the reporting person as trustee of an irrevocable trust for the benefit of a child of reporting person.
3. Held by the reporting person, the reporting person's spouse and a director of the issuer as co-trustees of trusts for the benefit of children of the reporting person.
4. Received for other assets substituted for these shares in accordance with the terms of a grantor retained annuity trust (a "GRAT") of the reporting person's spouse. The reporting of this transaction should not be construed as an admission that the exemption afforded by Rule 13a-13 is not applicable thereto.
5. Contributed by the reporting person's spouse contemporaneously with the transaction referenced in Note 4 to a new GRAT. Although exempt pursuant to Rule 16a-13, the reporting person is reporting this transaction in order to reconcile to the direct beneficial ownership of the reporting person's spouse following the reported transactions.
6. Held by GRATs of which the reporting person's spouse is the sole trustee and sole annuitant.
7. Represents the portion of the shares owned by the Estate of William Shaw that were distributed to the reporting person's spouse. The reporting person's spouse is co-executor with her sister, to whom 7,168 shares were distributed on March 3, 2010 and 2,623 shares were distributed on June 17, 2010. The reporting person does not have a pecuniary interest in the shares distributable or distributed to her sister.
8. Represents the portion of the shares owned by the Estate of William Shaw that prior to June 17, 2010 remained distributable to the reporting person's spouse. The reporting person's spouse and her sister are co-executors of the estate. Excludes shares held by the estate that were distributable to the reporting person's sister. The reporting person does not have a pecuniary interest in the shares subject to distribution to her sister.
9. This option is exercisable in 20% annual increments, on a cumulative basis, over a 5-year period commencing April 7, 2010, one year after the date of the grant.
Remarks:
/s/ Bruce G. Goodman 06/22/2010
** 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.
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