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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2020

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	04/07/2020		J(1)	V	2,570,939	D	$0.00	0	I	By HSJ 2019 IDT Annuity Trust II
Class B Common Stock	04/07/2020		J(1)	V	2,570,939	A	$0.00	2,570,939	D
Class B Common Stock	04/14/2020		G	V	68,040	D	$0.00	2,502,899	D
Class B Common Stock								0(2)	I	By Trust FBO Michael Jonas
Class B Common Stock								0(2)	I	By Trust FBO Joseph Jonas
Class B Common Stock								0(2)	I	By Trust FBO Tamar Jonas
Class B Common Stock								0(2)	I	By Trust FBO Rachel Jonas
Class B Common Stock								0(2)	I	By Trust FBO Leora Jonas
Class B Common Stock								0(2)	I	By Trust FBO David Jonas
Class B Common Stock								0(2)	I	By Trust FBO Samuel Jonas
Class B Common Stock								0(2)	I	By Trust FBO Jonathan Jonas
Class B Common Stock								0(2)	I	By Trust FBO Miriam Jonas
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								4,037(3)	I	By 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 (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 caused these shares to be transferred from the HSJ 2019 IDT Annuity Trust II to his direct holdings.

2. The Reporting Person no longer has, or reports, beneficial ownership of the shares held in this trust since there was a change in trustee from the Reporting Person's spouse to an independent trustee for such trust.

3. As of March 31, 2020.

Remarks:

	Joyce J. Mason, by Power of Attorney	05/18/2020
	** 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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