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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) 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)
Chairman of the Board
(Last)          (First)          (Middle)

C/O IDT CORPORATION, 520 BROAD STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

12/22/2016
(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)
Code V Amount (A) or (D) Price
Class B Common Stock   12/22/2016     G   V 9750   D $0.00   184.004   D    
Class B Common Stock   1/5/2017     A    69624   (1) D $19.565   253628   D    
Class B Common Stock   1/5/2017     F    23208   (2) D $19.565   230420   (3) D    
Class B Common Stock                  3425   (4) I   By 401(k) Plan  
Class B Common Stock                  168499   I   By Trust FBO Michael Jonas   (5)
Class B Common Stock                  339258   I   By Trust FBO Joseph Jonas   (5)
Class B Common Stock                  339305   I   By Trust FBO Tamar Jonas   (5)
Class B Common Stock                  339220   I   By Trust FBO Rachel Jonas   (5)
Class B Common Stock                  339427   I   By Trust FBO Leora Jonas   (5)
Class B Common Stock                  328587   I   By Trust FBO David Jonas   (5)
Class B Common Stock                  339448   I   By Trust FBO Samuel Jonas   (5)
Class B Common Stock                  339664   I   By Trust FBO Jonathan Jonas   (5)
Class B Common Stock                  339627   I   By Trust FBO Miriam Jonas   (5)
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 B Common Stock                  197641   I   By The Jonas Foundation  
Class B Common Stock                  629808   I   By Howard S. Jonas 2014 Annuity Trust  
Class A Common Stock                  1574326   D    

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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Grant of Restricted Stock, 23,208 shares of which shall vest immediately and 23,208 shares of which vest on each of January 5, 2018 and January 5, 2019.
( 2)  Represents shares withheld by the Issuer for tax purposes upon vesting of Restricted Stock.
( 3)  Includes 46,416 shares of Restricted Stock, which vest as follows: 23,208 shares on each of January 5, 2018 and January 5, 2019.
( 4)  As of December 31, 2016.
( 5)  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
Director 10% Owner Officer Other
JONAS HOWARD S
C/O IDT CORPORATION
520 BROAD STREET
NEWARK, NJ 07102
X X Chairman of the Board

Signatures
Joyce J. Mason, by Power of Attorney 1/9/2017
** 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 control number.
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