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 *

MASON JOYCE J
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
(Last)          (First)          (Middle)

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

10/18/2016
(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, par value $.01 per share                  28869   D    
Class B Common Stock, par value $.01 per share   10/18/2016     M    3000   A $16.24   31869   D    
Class B Common Stock, par value $.01 per share   10/18/2016     S    3000   D $17.6049   28869   D    
Class B Common Stock, par value $.01 per share   10/19/2016     M    1555   A $16.24   30424   D    
Class B Common Stock, par value $.01 per share   10/19/2016     S    1555   D $17.773   28869   (1) D    
Class B Common Stock, par value $.01 per share                  3847   (2) I   By 401(k) Plan  
Class B Common Stock, par value $.01 per share                  7225   I   By Self for Daughter  
Class B Common Stock, par value $.01 per share                  2182   I   By Self for Husband  

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
Employee Stock Option (right to buy)   $16.24   10/18/2016     M         3000      (3) 7/21/2018   Class B Common Stock   3000   $0.00   2555   D    
Employee Stock Option (right to buy)   $16.24   10/19/2016     M         1555      (3) 7/21/2018   Class B Common Stock   1555   $0.00   1000   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 September 30, 2016.
( 3)  The option vested immediately upon grant on 6/7/2016 and was set to expire on 7/21/2018.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MASON JOYCE J
C/O IDT CORPORATION
520 BROAD STREET
NEWARK, NJ 07102


EVP and Corporate Secretary

Signatures
Joyce J. Mason 10/20/2016
** 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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