Sec Form 4 Filing - JONAS HOWARD S @ Rafael Holdings, Inc. - 2020-04-06

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
JONAS HOWARD S
2. Issuer Name and Ticker or Trading Symbol
Rafael Holdings, Inc. [ RFL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O RAFAEL HOLDINGS, INC., 520 BROAD STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/06/2020
(Street)
NEWARK, NJ07102
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock, par value $.01 per share 04/06/2020 J( 1 ) 787,163 D $ 0 0 I By Howard S. Jonas 2017 Annuity Trust
Class B Common Stock, par value $.01 per share 04/06/2020 J( 1 ) 4,306,738 D $ 0 32,711 I By Howard S. Jonas 2017 Annuity Trust
Class B Common Stock, par value $.01 per share 91,057 I By Trust FBO Michael Jonas
Class B Common Stock, par value $.01 per share 173,439 I By Trust FBO Joseph Jonas
Class B Common Stock, par value $.01 per share 172,902 I By Trust FBO Tamar Jonas
Class B Common Stock, par value $.01 per share 173,274 I By Trust FBO Rachel Jonas ( 2 )
Class B Common Stock, par value $.01 per share 173,909 I By Trust FBO Leora Jonas ( 2 )
Class B Common Stock, par value $.01 per share 171,820 I By Trust FBO David Jonas ( 2 )
Class B Common Stock, par value $.01 per share 173,532 I By Trust FBO Samuel Jonas ( 2 )
Class B Common Stock, par value $.01 per share 173,056 I By Trust FBO Jonathan Jonas ( 2 )
Class B Common Stock, par value $.01 per share 179,701 I By Trust FBO Miriam Jonas ( 2 )
Class B Common Stock, par value $.01 per share 778 I Custodial for Son (Joseph)
Class B Common Stock, par value $.01 per share 778 I Custodial for Daughter (Rachel)
Class B Common Stock, par value $.01 per share 778 I Custodial for Daughter (Tamar)
Class B Common Stock, par value $.01 per share 778 I Custodial for Daughter (Miriam)
Class B Common Stock, par value $.01 per share 778 I Custodial for Son (Jonathan)
Class B Common Stock, par value $.01 per share 98,820 I By The Jonas Foundation
Class B Common Stock, par value $.01 per share 1,740 ( 3 ) I By IDT Corporation's 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JONAS HOWARD S
C/O RAFAEL HOLDINGS, INC.
520 BROAD STREET
NEWARK, NJ07102
X X Chief Executive Officer
Signatures
Joyce J. Mason by Power of Attorney 04/06/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person caused these shares to be transferred from the Howard S. Jonas 2017 Annuity Trust in substantially equal amounts to eight newly-created trusts for the benefit of eight of his children. Each of the recipient trusts has a separate independent trustee.
( 2 )These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. Mr. Jonas disclaims beneficial ownership of these shares and does not exercise or share voting or dispositive power or investment control of these shares.
( 3 )As of March 31, 2020.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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