IDT CORP — Director's Dealing 2020

Jan 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2020-01-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-06	Class B Common Stock, par value $.01 per share	M	2500	—	Acquired	3976	Direct
2020-01-06	Class B Common Stock, par value $.01 per share	F	908	$7.12	Disposed	3068	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-06	Deferred Stock Units	$	M	2500	Disposed	2022-01-05	Class B Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	2591	Indirect

Footnotes

F1: Of the 2,500 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 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 she 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%.

F2: Consists of 1,476 fully vested shares of Restricted Stock and 2,500 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.

F3: Represents shares withheld by the Issuer for tax purposes upon vesting of DSUs.

F4: Consists of 1,476 fully vested shares of Restricted Stock and 1,592 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.

F5: As of December 31, 2019.