0001209191-19-035390.txt : 20190607 0001209191-19-035390.hdr.sgml : 20190607 20190607091448 ACCESSION NUMBER: 0001209191-19-035390 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190605 FILED AS OF DATE: 20190607 DATE AS OF CHANGE: 20190607 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MASON JOYCE J CENTRAL INDEX KEY: 0001228153 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16371 FILM NUMBER: 19884317 MAIL ADDRESS: STREET 1: IDT CORP STREET 2: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 BUSINESS ADDRESS: STREET 1: 520 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973 438 1000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-06-05 0 0001005731 IDT CORP IDT 0001228153 MASON JOYCE J C/O IDT CORPORATION 520 BROAD STREET NEWARK NJ 07102 0 1 0 0 EVP and Corporate Secretary Class B Common Stock, par value $.01 per share 29586 D Class B Common Stock, par value $.01 per share 15340 I By Self for Daughter Class B Common Stock, par value $.01 per share 9647 I By Self for Husband Class B Common Stock, par value $.01 per share 4689 I By 401(k) Plan Deferred Stock Units 2019-06-05 4 A 0 9000 0.00 A 2022-01-05 Class B Common Stock 9000 9000 D Consists of 13,752 shares of fully-vested Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 14,438 shares held by Ms. Mason directly. As of May 31, 2019. Represents a grant of 9,000 deferred stock units ("DSUs"). Each DSU is the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock. Vesting is in thirds in January 2020, 2021 and 2022. The number of shares that will actually vest for each DSU depends on the market price for the Class B common stock as of the relevant vesting date. 1/2 of a share will be issued for each DSU if the market price on the vesting date is less than $3.255 (50% of the grant date value of a share of Class B common stock) and 2 shares will be issued for each DSU if the market price on the vesting date is $13.02 (200% of the grant date value) or greater, with a proportionate amount to vest based on thresholds of 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5% and 175% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 4,500 and 18,000 shares of Class B common stock. Joyce J. Mason 2019-06-07