IDT CORP — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2021-01-05

Reporting Person: WARTELL DAVID (CHIEF TECHNOLOGY OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-05	Class B Common Stock, par value $.01 per share	M	11250	$12.33	Acquired	18000	Direct
2021-01-05	Class B Common Stock, par value $.01 per share	F	3336	$12.33	Disposed	14664	Direct

Footnotes

F1: Of the 6,000 deferred stock units (DSUs) that were eligible to vest on January 5, 2021, the Reporting Person elected to vest all 6,000 DSUs on January 5, 2021 and did not roll any DSUs to the next vesting date on January 5, 2022. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the January 5, 2021 vesting date, each DSU that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.

F2: Consists of 3,046 fully vested shares of Restricted Stock, and 14,954 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 the vesting of DSUs.

F4: Consists of 3,046 fully vested shares of Restricted Stock, and 11,618 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.