IDT CORP — Director's Dealing 2008

Dec 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT,IDT.C)
CIK: 0001005731
Period of Report: 2008-12-03

Reporting Person: COURTER JAMES A (Director, CEO and Vice Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-03	Employee Stock Option (right to buy)	$6.3125	A	600000	Acquired	2014-02-28	Class B Common Stock (600000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	4115	Indirect
Class B Common Stock	1460772	Direct

Footnotes

F1: As of November 30, 2008.

F2: Consists of 1,200,772 shares of Resticted Stock, of which 69,709 are vested, and 260,000 shares held directly by Mr. Courter.

F3: Previously granted to the Reporting Person on March 1, 1999. On December 3, 2008, the expiration date to exercise such Employee Stock Option was extended from February 28, 2009 to February 29, 2014.