0001209191-20-002590.txt : 20200108 0001209191-20-002590.hdr.sgml : 20200108 20200108174759 ACCESSION NUMBER: 0001209191-20-002590 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200106 FILED AS OF DATE: 20200108 DATE AS OF CHANGE: 20200108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WARTELL DAVID CENTRAL INDEX KEY: 0001735950 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16371 FILM NUMBER: 20516611 MAIL ADDRESS: STREET 1: C/O IDT CORPORATION 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 2020-01-06 0 0001005731 IDT CORP IDT 0001735950 WARTELL DAVID C/O IDT CORPORATION 520 BROAD STREET NEWARK NJ 07102 0 1 0 0 CHIEF TECHNOLOGY OFFICER Class B Common Stock, par value $.01 per share 2020-01-06 4 M 0 6000 A 11000 D Class B Common Stock, par value $.01 per share 2020-01-06 4 F 0 2296 7.12 D 8704 D Deferred Stock Units 2020-01-06 4 M 0 6000 D 2020-01-06 2022-01-05 Class B Common Stock 6000 12000 D Of the 6,000 deferred stock units ("DSUs") that were eligible to vest on January 6, 2020, the Reporting Person elected to vest all such DSUs on January 6, 2020 and not roll any such DSUs to the next vesting date on January 5, 2021. The Reporting Person received one share of Class B Common Stock for each DSU that he elected to vest (100%) because the market price for the Company's Class B common stock on the vesting date was $7.12, which exceeded the grant date fair market value of $6.51 and was less than the next threshold of $7.32, which would have vested 112.5% of the DSUs instead of 100%. Consists of 5,000 shares of Restricted Stock that vest on May 30, 2020 and 6,000 fully vested shares of Class B Common Stock issued upon the conversion of DSUs. Represents shares withheld by the Issuer for tax purposes upon vesting of DSUs. Consists of 5,000 shares of Restricted Stock that vest on May 30, 2020 and 3,704 fully vested shares of Class B Common Stock issued upon the conversion of DSUs. Joyce J. Mason by Power of Attorney 2020-01-08