SEC Form 4 · accession 0001209191-16-126792
IDT CORP · IDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joyce J Mason
Officer — EVP and Corporate Secretary
Period of report
Jun 7, 2016
Accepted (ET)
Jun 9, 2016 · 3:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001005731
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common Stock, par value $0.1 per shareF1 | holding | — | — | — | 28,869 | D | ||
| Class B Common Stock, par value $0.1 per shareF2 | holding | — | — | — | 3,463 | I | By 401(k) Plan | |
| Class B Common Stock, par value $0.1 per share | holding | — | — | — | 7,225 | I | By Self for Daughter | |
| Class B Common Stock, par value $0.1 per share | holding | — | — | — | 2,182 | I | By Self for Husband |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $18.50 | Jun 7, 2016 | D | 5,555 | D | — | Jul 21, 2018 | Class B Common Stock | 5,555 | 0 | D |
| Employee Stock Option (right to buy)F3 | $16.24 | Jun 7, 2016 | A | 5,555 | A | — | Jul 21, 2018 | Class B Common Stock | 5,555 | 5,555 | D |
| Employee Stock Option (right to buy)F4 | $16.18 | Jun 7, 2016 | D | 10,000 | D | — | Apr 22, 2020 | Class B Common Stock | 10,000 | 0 | D |
| Employee Stock Option (right to buy)F4 | $13.93 | Jun 7, 2016 | A | 10,000 | A | — | Apr 22, 2020 | Class B Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Consists of 20,500 shares of Restricted Stock, 13,000 of which are vested, 3,750 shares which vest on each of January 16, 2017 and July 16, 2018, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 6,973 shares held by Ms. Mason directly.
- F2As of May 31, 2016.
- F3The two reported transactions involved an amendment of the exercise price of an outstanding option in connection with the spinoff of Zedge, Inc., resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on July 22, 2005 and is fully vested.
- F4The two reported transactions involved an amendment of the exercise price of an outstanding option in connection with the spinoff of Zedge, Inc., resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on April 23, 2007 and is fully vested.