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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Shaw Deborah 2908 MAPLE AVENUE MANHATTAN BEACH, CA 90266 |
X | X |
/s/ Deborah Shaw | 09/18/2008 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | This Form 4 makes certain corrections to prior filings by the reporting person, including the reporting person's original Form 3 filed June 19, 2006 and the reporting person's Form 4 filed October 20, 2006; these corrections are detailed in footnotes (2) and (3) below. Because this Form 4 makes these corrections to prior filings, on a cumulative, net basis, this Form 4 may be considered as an amendment of such prior Form 3 and all prior Forms 4 filed by the reporting person. In addition, this Form 4 also reports dispositions of an aggregate of 600,000 shares indirectly held by the reporting person, as detailed in footnote (5) below. |
(2) | This deemed disposition of 3,933 shares is the net result of (i) a decrease of 3,996.50 shares as described in footnote (3) and (ii) an increase of 63.50 shares due to certain rounding errors and to previous automatic purchases for the benefit of William Shaw's Employee Stock Option Plan account in the Volt Information Sciences, Inc. Savings Plan, which shares are owned by the Estate of William Shaw. |
(3) | The decrease of 3,996.50 shares noted in footnote 2 consists of (A) 1,122 shares that were sold by the Estate of William Shaw and attributable to the reporting person's beneficial interest therein but incorrectly omitted from the shares reported as sold by the Estate on the reporting person's October 20, 2006 Form 4 and (B) 2,874.50 shares that are owned by a foundation of which the reporting person is a director, which shares were incorrectly reported on the reporting person's June 19, 2006 Form 3 (and subsequent Form 4s) as included within the Estate of William Shaw; these shares continue to be correctly reported as indirectly owned by the reporting person as a director on a separate line of this Form 4 (see footnote (13) below). |
(4) | Includes 623,766 shares owned by the Estate of William Shaw. As co-executrix of the Estate, the reporting person may be deemed to directly beneficially own those shares of which she is the beneficiary. The reporting person's sister Linda Shaw also has a beneficial interest in shares held by the Estate. Also includes 500,000 shares held in a trust for the reporting person's benefit of which the reporting person is the sole trustee. |
(5) | The Estate disposed of an aggregate of 600,000 shares through the distribution to Linda Shaw, the reporting person's sister, of 100,000 shares on January 14, 2008 and 500,000 shares on July 15, 2008. An additional 3,933 shares are deemed to have been disposed of by the Estate and attributable to the beneficial interest of Linda Shaw as a result of certain corrections as described in footnotes (2) and (3) above. |
(6) | Represents shares owned by the Estate of William Shaw which shares will ultimately be distributed to or for the benefit of Linda Shaw, the reporting person's sister. |
(7) | 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. |
(8) | Represents shares previously owned by Linda Shaw, the reporting person's sister, under the Massachusetts Uniform Transfers to Minors Act for the benefit of Linda Shaw's children, which were transferred into trusts for the benefit for Linda Shaw's children in two separate transactions on February 1, 2008 and February 5, 2008. |
(9) | Held by the reporting person as co-trustee of trusts for the benefit of the children of Linda Shaw, the reporting person's sister. Linda Shaw and Bruce Goodman, Linda Shaw's spouse, are also co-trustees of these trusts. |
(10) | Held by the reporting person's spouse as custodian under the California Uniform Transfers to Minors Act for the benefit of her children. |
(11) | Held by the reporting person as co-trustee of a trust for the benefit of her sister Linda Shaw. |
(12) | Held by the reporting person as custodian under the California Uniform Transfers to Minors Act for the benefit of her children. |
(13) | Held by the reporting person as a director of the William and Jacqueline Shaw Family Foundation, Inc. |