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