SILBERMAN MITCH 4
4 · IDT CORP · Filed Jan 8, 2020
Insider Transaction Report
Form 4
IDT CORPIDT
SILBERMAN MITCH
CAO & Controller
Transactions
- Sale
Class B Common Stock, par value $.01 per share
2019-12-18$7.23/sh−345$2,493→ 0 total(indirect: By 401(k)) - Tax Payment
Class B Common Stock, par value $.01 per share
2020-01-06$7.12/sh−597$4,251→ 1,070 total - Exercise/Conversion
Class B Common Stock, par value $.01 per share
2020-01-06+1,667→ 1,667 total - Exercise/Conversion
Deferred Stock Units
2020-01-06−1,667→ 3,333 totalFrom: 2020-01-06Exp: 2022-01-05→ Class B Common Stock (1,667 underlying)
Footnotes (4)
- [F1]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%.
- [F2]Consists of 1,667 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 1,070 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.