IDT CORP — Director's Dealing 2016

Jun 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2016-06-07

Reporting Person: PEREIRA BILL (Director, CEO & Pres.- IDT Telecom, Inc.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-07	Employee Stock Option (right to buy)	$16.18	D	10222	Disposed	2020-04-22	Class B Common Stock (10222)	Direct
2016-06-07	Employee Stock Option (right to buy)	$13.93	A	10222	Acquired	2020-04-22	Class B Common Stock (10222)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	48007	Direct
Class B Common Stock, par value $.01 per share	2597	Indirect

Footnotes

F1: Consists of 47,341 shares of Restricted Stock, of which 12,675 are vested and 34,666 of which are unvested, that are scheduled to vest as follows: 8,333 on each of January 5, 2017 and January 5, 2018; and 9,000 on each of January 16, 2017 and July 16, 2018, and 666 shares purchased by ESPP.

F2: As of May 31, 2016.

F3: The two reported transactions involved an amendment of the exercise price of an outstanding option in connection with the spinoff of Zedge, Inc., resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on April 23, 2007 and is fully vested.