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Filing Details

Accession Number:: 0000921895-14-002738
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-12-29 15:10:40
Reporting Period:: 2014-12-22

Filing Date:: 2014-12-29
Accepted Time:: 2014-12-29 15:10:40
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
103872	Volt Information Sciences Inc.	VISI	Services-Help Supply Services (7363)	135658129

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1237109	Anthony Bergamo	C/O Glacier Peak Capital, City Cntr Bldg 500 108Th Ave, Ne #905 Bellevue WA 98004	No	No	Yes	No
1386979	M Charles Gillman	C/O Glacier Peak Capital, City Cntr Bldg 500 108Th Ave, Ne #905 Bellevue WA 98004	No	No	Yes	No
1562077	Glacier Peak U.s. Value Fund, L.p.	500 108Th Avenue Ne Suite 905 Bellevue WA 98004	No	No	Yes	No
1567397	Glacier Peak Capital Llc	500 108Th Avenue Ne Suite 905 Bellevue WA 98004	No	No	Yes	No
1622933	C John Rudolf	500 108Th Avenue Suite 905 Bellevue WA 98004	No	No	Yes	No
1623857	E. James Boone	C/O Glacier Peak Capital, City Cntr Bldg 500 108Th Ave, Ne #905 Bellevue WA 98004	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.10 Par Value	Acquisiton	2014-12-22	4,213	$10.31	1,768,875	No	4	P	Direct
Common Stock, $0.10 Par Value	Acquisiton	2014-12-23	3,800	$10.50	1,772,675	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.10 Par Value	2,464,130	Indirect	By GPC as Proxy
Common Stock, $0.10 Par Value	405,214	Direct
Common Stock, $0.10 Par Value	10,000	Direct
Common Stock, $0.10 Par Value	10,000	Direct

Footnotes

This Form 4 is filed jointly by Glacier Peak U.S. Value Fund, L.P. (the "Fund"), Glacier Peak Capital LLC ("GPC"), John C. Rudolf, Anthony Bergamo, James E. Boone and Charles M. Gillman (collectively, the "Reporting Persons"). Each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. As such, each Reporting Person may be deemed to beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.
Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
Shares of Common Stock beneficially owned by the Fund. GPC, as the general partner of the Fund, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by the Fund. Mr Rudolf, as President of GPC, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by the Fund.
On October 28, 2014, GPC entered into a Voting Agreement and Irrevocable Proxy dated October 28, 2014 (the "Agreement and Proxy") with Jerome Shaw, Joyce Cutler-Shaw, The Jerome and Joyce Shaw Family Trust U/D/T dated 8/6/1969, and The Rachel Lynn Shaw Trust U/D/T dated 11/23/2001 (collectively, the "Shaws"), whereby the Shaws granted John Rudolf, in his capacity as President of GPC, or any other designee of GPC (each a "Proxy Holder") an irrevocable proxy to vote all shares beneficially owned by the Shaws, in accordance with the Proxy Holder's sole and absolute discretion on all matters brought before a vote of shareholders at the 2015 Annual Meeting of Shareholders of the Issuer or any meeting (or consent in lieu of a meeting) which may be called in lieu thereof.
Solely as a result of the Agreement and Proxy, GPC and Mr. Rudolf may be deemed to beneficially own the 2,472,130 shares (including 8,000 shares underlying stock options) owned by the Shaws. Each of GPC and Mr. Rudolf expressly disclaim beneficial ownership of the shares beneficially owned by the Shaws. Except for the Agreement and Proxy, the Reporting Persons and Shaws have no other arrangements, understandings or relationships regarding the shares. The Reporting Persons disclaim the formation of a group with the Shaws, except to the extent that they may be deemed to be members of a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934, as amended. The Reporting Persons have no pecuniary interest in the shares subject to the Agreement and Proxy granted by the Shaws.
Mr. Rudolf directly owns 220,397 Shares of Common Stock, may be deemed to beneficially own 5,000 Shares of Common Stock that are held in an IRA account that he controls, may be deemed to beneficially own 30,000 Shares of Common Stock that are held in an account he controls for the benefit of his wife, and may be deemed to beneficially own 149,817 Shares of Common Stock held in various accounts he controls for the benefit of other family members.
Mr. Bergamo directly owns 10,000 Shares of Common Stock.
Mr. Boone directly owns 10,000 Shares of Common Stock.