Filing Details
- Accession Number:
- 0001209191-20-002584
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-01-08 17:43:33
- Reporting Period:
- 2019-12-18
- Accepted Time:
- 2020-01-08 17:43:33
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1005731 | Idt Corp | IDT | Telephone Communications (No Radiotelephone) (4813) | 223415036 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1365233 | Mitch Silberman | C/O Idt Corporation 520 Broad Street Newark NJ 07102 | Cao & Controller | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock, Par Value $.01 Per Share | Disposition | 2019-12-18 | 345 | $7.23 | 0 | No | 4 | S | Indirect | By 401(k) Plan |
| Class B Common Stock, Par Value $.01 Per Share | Acquisiton | 2020-01-06 | 1,667 | $0.00 | 1,667 | No | 4 | M | Direct | |
| Class B Common Stock, Par Value $.01 Per Share | Disposition | 2020-01-06 | 597 | $7.12 | 1,070 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By 401(k) Plan |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Deferred Stock Units | Disposition | 2020-01-06 | 1,667 | $0.00 | 1,667 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,333 | 2020-01-06 | 2022-01-05 | No | 4 | M | Direct |
Footnotes
- Of the 1,667 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 1,667 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.
- Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- Consists of 1,070 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.
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