Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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 (Month/Day/Year)
12/30/2016
(Street)

NEWARK, NJ 07102
4. If Amendment, Date 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
(City)
(State)
(Zip)
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

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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 Underlying Securities
(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 12/30/2016   M     1,000   (3) 07/21/2018 Class B Common Stock 1,000 $ 0 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 8,000 D  

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   01/04/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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