- Statement of Changes in Beneficial Ownership (4)

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 OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* JONAS HOWARD S	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) CEO and Chairman of the Board
(Last) (First) (Middle) C/O IDT CORPORATION, 520 BROAD STREET	3. Date of Earliest Transaction (MM/DD/YYYY) 1/17/2012
(Street) NEWARK, NJ 07102 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	12/27/2011		G	V	12800	D	$ 0	2047230 ⁽¹⁾	D
Class B Common Stock								1601 ⁽²⁾	I	By 401(k) Plan
Class B Common Stock								121090	I	By Trust FBO Joseph Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO Tamar Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO Rachel Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO Leora Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO David Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO Michael Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO Samuel Jonas ⁽³⁾
Class B Common Stock								121090	I	By Trust FBO Jonathan Jonas ⁽³⁾
Class B Common Stock								76369	I	By Trust FBO Miriam Jonas ⁽³⁾
Class B Common Stock								1556	I	Custodial for Son (Joseph)
Class B Common Stock								1556	I	Custodial for Daughter (Rachel)
Class B Common Stock								1556	I	Custodial for Daughter (Tamar)
Class B Common Stock								1556	I	Custodial for Daughter (Miriam)
Class B Common Stock								1556	I	Custodial for Son (Jonathan)
Class A Common Stock								1476229	D
Class A Common Stock								98097	I	By Howard S. Jonas 2009 Annuity Trust I
Class B Common Stock								388716	I	By Howard S. Jonas 2009 Annuity Trust I
Class B Common Stock								1309284	I	By Howard S. Jonas 2009 Annuity Trust II

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
( 1)	Includes a grant of 608,246 restricted shares of Class B Common Stock that vests on December 31, 2013, as well as a grant of 883,333 restricted shares, which were converted from Common Stock to Class B Common Stock on April 2, 2011, all of which vest on December 31, 2013.
( 2)	As of December 31, 2011.
( 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.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
JONAS HOWARD S C/O IDT CORPORATION 520 BROAD STREET NEWARK, NJ 07102	X	X	CEO and Chairman of the Board

Signatures
Joyce J. Mason, by Power of Attorney		1/19/2012
^** 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.
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