UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (right to buy) | Â (2) | 05/15/2021 | Common Stock | 21,875 | $ 12.16 | D | Â |
Non-Qualified Stock Option (right to buy) | Â (3) | 05/15/2022 | Common Stock | 26,507 | $ 21.945 | D | Â |
Performance Rights | Â (4) | Â (4) | Common Stock | 20,000 | $ 0 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Shepard David 6024 SILVER CREEK VALLEY ROAD SAN JOSE, CA 95138 |
 |  |  VP BUSINESS UNIT |  |
By: /S/ Matthew Brandalise, Attorney-in-Fact For: Davide Shepard | 06/22/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 17,584 unvested RSUs |
(2) | The option became exercisable as 25% on 5/15/2015, the remaining balances vests monthly over 36 consecutive months through 5/15/2021 |
(3) | The option became exercisable as 25% on 5/15/2016, the remaining balances vests monthly over 36 consecutive months through 5/15/2022 |
(4) | Each performance right represents a contingent right to receive one share of IDT common stock. The performance right vests on 6/15/2016 and 6/15/2017 based upon IDT?s common stock peer percentile rank based on its total shareholder return during the measurement period of March 31,2014 through April 3, 2016, using a 90 day averaging, measured against the companies in the PHLX Semiconductor Total Return Index (PSOX). |