Mason Joyce J Form 4 IDT / JOYCE J MASON 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^*

MASON JOYCE J

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP and Corporate Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2016

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, par value $.01 per share								28,869	D
Class B Common Stock, par value $.01 per share	12/30/2016		M		1,000	A	$16.24	29,869	D
Class B Common Stock, par value $.01 per share	12/30/2016		S		1,000	D	$18.51	28,869	D
Class B Common Stock, par value $.01 per share	01/04/2017		M		2,000	A	$13.93	30,869	D
Class B Common Stock, par value $.01 per share	01/04/2017		S		2,000	D	$19.72	28,869(1)	D
Class B Common Stock, par value $.01 per share								3,911(2)	I	By 401(k) Plan
Class B Common Stock, par value $.01 per share								7,875	I	By Self for Daughter
Class B Common Stock, par value $.01 per share								2,182	I	By Self for Husband

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
Employee Stock Option (right to buy)	$16.24	12/30/2016		M			1,000	(3)	07/21/2018	Class B Common Stock	1,000	$0.00	0	D
Employee Stock Option (right to buy)	$13.93	01/04/2017		M			2,000	(4)	04/22/2020	Class B Common Stock	2,000	$0.00	8,000	D

Explanation of Responses:

1. Consists of 20,500 shares of Restricted Stock, 13,000 of which are vested, 3,750 shares which vest on each of January 16, 2017 and July 16, 2018, 1,396 shares purchases through the Issuer's Employee Stock Purchase Program and 6,973 shares held by Ms. Mason directly.

2. As of December 31, 2016.

3. The option vested immediately upon grant on 6/7/2016 and was set to expire on 7/21/2018.

4. The option vested immediately upon grant on 6/7/2016 and was set to expire on 4/22/2020.

Remarks:

	Joyce J. Mason	01/04/2017
	** 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).
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