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Form 4 IDT CORP For: Oct 17 Filed by: JONAS HOWARD S

October 19, 2016 4:45 PM EDT
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
JONAS HOWARD S
(Last) (First) (Middle)
C/O IDT CORPORATION
520 BROAD STREET
(Street)
NEWARK NJ 07102
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IDT CORP [ IDT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
10/17/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 B Common Stock               117,001 D  
Class B Common Stock               3,369 (1) I By 401(k) Plan
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 335,531 I By Trust FBO Joseph Jonas (3)
Class B Common Stock 10/18/2016   S   2,030 (2) D $ 17.643 333,501 I By Trust FBO Joseph Jonas (3)
Class B Common Stock 10/17/2016   S   183 (2) D $ 17.5 335,578 I By Trust FBO Tamar Jonas (3)
Class B Common Stock 10/18/2016   S   2,030 (2) D $ 17.643 333,548 I By Trust FBO Tamar Jonas (3)
Class B Common Stock 10/17/2016   S   183 (2) D $ 17.5 335,493 I By Trust FBO Rachel Jonas (3)
Class B Common Stock 10/18/2016   S   2,030 (2) D $ 17.643 333,463 I By Trust FBO Rachel Jonas (3)
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 335,701 I By Trust FBO Leora Jonas (3)
Class B Common Stock 10/18/2016   S   2,031 (2) D $ 17.643 333,670 I By Trust FBO Leora Jonas (3)
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 324,861 I By Trust FBO David Jonas (3)
Class B Common Stock 10/18/2016   S   2,031 (2) D $ 17.643 322,830 I By Trust FBO David Jonas (3)
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 332,570 I By Trust FBO Michael Jonas (3)
Class B Common Stock 10/18/2016   S   2,031 (2) D $ 17.643 330,539 I By Trust FBO Michael Jonas (3)
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 335,722 I By Trust FBO Samuel Jonas (3)
Class B Common Stock 10/18/2016   S   2,030 (2) D $ 17.643 333,692 I By Trust FBO Samuel Jonas (3)
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 335,938 I By Trust FBO Jonathan Jonas (3)
Class B Common Stock 10/18/2016   S   2,031 (2) D $ 17.643 333,907 I By Trust FBO Jonathan Jonas (3)
Class B Common Stock 10/17/2016   S   182 (2) D $ 17.5 335,901 I By Trust FBO Miriam Jonas (3)
Class B Common Stock 10/18/2016   S   2,030 D $ 17.643 333,871 I By Trust FBO Miriam Jonas (3)
Class B Common Stock               1,556 I Custodial for Son (Joseph)
Class B Common Stock               1,556 I Custodial for Daughter (Rachel)
Class B Common Stock               1,556 I Custodial for Daughter (Tamar)
Class B Common Stock               1,556 I Custodial for Daughter (Miriam)
Class B Common Stock               1,556 I Custodial for Son (Jonathan)
Class B Common Stock               197,641 I By The Jonas Foundation
Class B Common Stock               629,808 I By Howard S. Jonas 2014 Annuity Trust
Class A Common Stock               1,574,326 D  
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. As of September 30, 2016.
2. The Reporting Person's children's individual trusts each sold these shares of the Company's Class B Common Stock pursuant to 10b5-1 plans all dated April 6, 2016.
3. 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 does not exercise or share investment control of these shares.
Joyce J. Mason, by Power of Attorney 10/19/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

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