IDT CORP — Director's Dealing 2019

Oct 3, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2019-09-25

Reporting Person: SHEA NADINE (EVP of GLOBAL HUMAN RESOURCES)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	1476	Direct
Class B Common Stock, par value $.01 per share	2534	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Deferred Stock Units	$0.00	2022-01-05	Class B Common Stock (7500)		Direct

Footnotes

F1: As of September 30, 2019.

F2: Represents a grant of 7,500 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 50%, 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5, 150%, 162.5%, 175%, 187.5% and 200% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 3,750 and 15,000 shares of Class B common stock.