SILBERMAN MITCH 4
4 · IDT CORP · Filed Jun 7, 2019
Insider Transaction Report
Form 4
IDT CORPIDT
SILBERMAN MITCH
CAO & Controller
Transactions
- Award
Deferred Stock Units
2019-06-05+5,000→ 5,000 totalExp: 2022-01-05→ Class B Common Stock (5,000 underlying)
Holdings
- 2,268
Class B Common Stock, par value $.01 per share
- 344(indirect: By 401(k))
Class B Common Stock, par value $.01 per share
Footnotes (3)
- [F1]Consists of fully vested shares of Restricted Stock.
- [F2]As of May 31, 2019.
- [F3]Represents a grant of 5,000 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 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5% and 175% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 2,500 and 10,000 shares of Class B common stock.