IDT (IDT) Form 4 IDT / HOWARD S JONAS ownership change

SEC Form 4

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

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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)
08/15/2019

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	08/15/2019		G(1)	V	2,570,939	D	$0.00	0	D
Class B Common Stock	08/15/2019		G(1)	V	2,570,939	A	$0.00	2,570,939	I	By HSJ 2019 IDT Annuity Trust II
Class B Common Stock								148,156	I	By Trust FBO Michael Jonas(2)
Class B Common Stock								351,125	I	By Trust FBO Joseph Jonas(2)
Class B Common Stock								350,051	I	By Trust FBO Tamar Jonas(2)
Class B Common Stock								350,795	I	By Trust FBO Rachel Jonas(2)
Class B Common Stock								352,064	I	By Trust FBO Leora Jonas(2)
Class B Common Stock								347,887	I	By Trust FBO David Jonas(2)
Class B Common Stock								351,310	I	By Trust FBO Samuel Jonas(2)
Class B Common Stock								350,359	I	By Trust FBO Jonathan Jonas(2)
Class B Common Stock								363,647	I	By Trust FBO Miriam Jonas(2)
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								2,382,371	I	By Howard S. Jonas 2017 Annuity Trust
Class B Common Stock								197,641	I	By The Jonas Foundation
Class B Common Stock								3,965(3)	I	By 401(k) Plan
Class A Common Stock								1,574,326	I	By Howard S. Jonas 2017 Annuity Trust

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. The Reporting Person gifted these shares from his personal holdings to a new Grantor Retained Annuity Trust called HSJ 2019 IDT Annuity Trust II. Neither the Reporting Person nor anyone in his household is trustee of this trust and Howard Jonas disclaims beneficial ownership of these shares.

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. Howard Jonas disclaims beneficial ownership of these shares.

3. As of July 31, 2019.

Remarks:

	Joyce J. Mason, by Power of Attorney	08/22/2019
	** 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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