0001209191-19-035394.txt : 20190607
0001209191-19-035394.hdr.sgml : 20190607
20190607091617
ACCESSION NUMBER: 0001209191-19-035394
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: FISCHER MARCELO
CENTRAL INDEX KEY: 0001228166
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16371
FILM NUMBER: 19884321
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
0001228166
FISCHER MARCELO
C/O IDT CORPORATION
520 BROAD STREET
NEWARK
NJ
07102
0
1
0
0
Chief Financial Officer
Class B Common Stock, par value $.01 per share
15677
D
Class B Common Stock, par value $.01 per share
3560
I
By 401(k) Plan
Deferred Stock Units
2019-06-05
4
A
0
25000
0.00
A
2022-01-05
Class B Common Stock
25000
25000
D
Consists of fully vested shares of Restricted Stock.
As of May 31, 2019.
Represents a grant of 25,000 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 12,500 and 50,000 shares of Class B common stock.
Joyce J. Mason, by Power of Attorney
2019-06-07