X0306 4 2019-06-05 0 0001005731 IDT CORP IDT 0001228153 MASON JOYCE J C/O IDT CORPORATION 520 BROAD STREET NEWARK NJ 07102 0 1 0 0 EVP and Corporate Secretary Class B Common Stock, par value $.01 per share 29586 D Class B Common Stock, par value $.01 per share 15340 I By Self for Daughter Class B Common Stock, par value $.01 per share 9647 I By Self for Husband Class B Common Stock, par value $.01 per share 4689 I By 401(k) Plan Deferred Stock Units 2019-06-05 4 A 0 9000 0.00 A 2022-01-05 Class B Common Stock 9000 9000 D Consists of 13,752 shares of fully-vested Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 14,438 shares held by Ms. Mason directly. As of May 31, 2019. Represents a grant of 9,000 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 4,500 and 18,000 shares of Class B common stock. Joyce J. Mason 2019-06-07