IDT CORP — Director's Dealing 2008

Mar 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: MASON JOYCE J (EVP and Corporate Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-12	Employee Stock Option (right to buy)	$2.1875	A	50000	Acquired	2013-04-15	Class B Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	3880	Indirect
Common Stock	10380	Direct
Common Stock	1380	Indirect
Common Stock	1380	Indirect
Common Stock	1880	Indirect
Class B Common Stock	5645	Indirect
Class B Common Stock	6045	Indirect
Class B Common Stock	4670	Indirect
Class B Common Stock	35714	Direct

Footnotes

F1: As of February 29, 2008.

F2: Consists of 16,078 shares of Restricted Stock, all of which are vested, 391 shares of stock purchased through the Issuer's Employee Stock Purchase Plan, and 19,245 shares held by Ms. Mason directly.

F3: Previously granted to the Reporting Person on April 16, 1997. On March 12, 2008, the expiration date to exercise such Employee Stock Option was extended from April 15, 2008 to April 15, 2013.