IDT CORP — Director's Dealing 2008

Jan 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT,IDT.C)
CIK: 0001005731
Period of Report: 2008-01-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-14	Class B Common Stock	S	1691	$6.98	Disposed	37661	Direct
2008-01-15	Class B Common Stock	M	17500	$4.125	Acquired	55161	Direct
2008-01-15	Class B Common Stock	S	17500	$6.864	Disposed	37661	Direct
2008-01-15	Class B Common Stock	M	10000	$2.1875	Acquired	47661	Direct
2008-01-15	Class B Common Stock	S	10000	$6.864	Disposed	37661	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-15	Class B Common Stock	$4.125	M	17500	Disposed	2008-08-15	Class B Common (17500)	Direct
2008-01-15	Class B Common Stock	$2.1875	M	10000	Disposed	2008-04-16	Class B Common (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	2857	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

Footnotes

F1: As of December 31, 2007.

F2: Consists of 18,025 shares of Restricted Stock, of which 13,581 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: The option vested in three equal installments on August 15, 1998, 1999 and 2000.

F4: The option vested in three equal installments on April 16, 1998, 1999, and 2000.