IDT CORP — Director's Dealing 2009

Sep 23, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT,IDT.C)
CIK: 0001005731
Period of Report: 2009-09-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-17	Class B Common Stock	A	281411	—	Acquired	768833	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-17	Employee Stock Option (right to buy)	$11.625	D	4000	Disposed	2016-03-14	Class B Common Stock (4000)	Direct
2009-09-17	Employee Stock Option (right to buy)	$6.5625	D	121781	Disposed	2016-10-28	Class B Common Stock (121781)	Direct
2009-09-17	Employee Stock Option (right to buy)	$12.375	D	50000	Disposed	2017-08-14	Class B Common Stock (50000)	Direct
2009-09-17	Employee Stock Option (right to buy)	$18.9375	D	200000	Disposed	2014-02-28	Class B Common Stock (200000)	Direct
2009-09-17	Employee Stock Option (right to buy)	$31.3125	D	33333	Disposed	2010-01-31	Class B Common Stock (33333)	Direct
2009-09-17	Employee Stock Option (right to buy)	$26.5595	D	66666	Disposed	2011-04-04	Class B Common Stock (66666)	Direct
2009-09-17	Employee Stock Option (right to buy)	$27.03	D	333333	Disposed	2011-10-21	Class B Common Stock (333333)	Direct
2009-09-17	Employee Stock Option (right to buy)	$43.35	D	33333	Disposed	2012-09-05	Class B Common Stock (33333)	Direct
2009-09-17	Employee Stock Option (right to buy)	$44.85	D	33333	Disposed	2013-01-02	Class B Common Stock (33333)	Direct
2009-09-17	Employee Stock Option (right to buy)	$38.85	D	11111	Disposed	2015-07-21	Class B Common Stock (11111)	Direct
2009-09-17	Employee Stock Option (right to buy)	$33.99	D	56378	Disposed	2017-04-22	Class B Common Stock (56378)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	1654	Indirect

Footnotes

F1: As of August 31, 2009.

F2: Grant of Restricted Stock that vested on September 17, 2009.

F3: Consists of 681,667 shares of Restricted Stock, of which 315,006 are vested, and 86,666 shares held directly by Mr. Courter.

F4: The option was canceled by mutual agreement of the Reporting Person and IDT Corporation. The Reporting Person received 281,411 shares of the Company's Class B Common Restricted Stock as partial consideration for the cancellation.

F5: These options vested as follows: 55,115 on October 1, 1998 and 66,666 on October 1, 1999.

F6: These options vested as follows: 16,667 on 03/01/1999 and 183,333 shares in four equal quarterly installments starting on December 1, 2000 and ending September 1, 2001.

F7: These options vested as follows: 5,666 on August 1, 2000 and 27,667 in equal six-month installments starting on February 1, 2001 and ending on February 1, 2003.

F8: These options vested in equal installments on each of April 4, 2003, April 4, 2004 and April 4, 2005.

F9: These options vested as follows: 16,666 on January 1, 2002 and 316,667 in equal quarterly installments starting on April 1, 2002 and ending October 1, 2006.

F10: These options vested in equal installments on each of October 1, 2002, October 1, 2003 and October 1, 2004.

F11: These options vested in equal installments on each of January 1, 2003, July 1, 2003, January 1, 2004, July 1, 2004, January 1, 2005 and July 1, 2005.

F12: These options vest as follows: 18,793 on January 1, 2008, 18,793 on January 1, 2009 and 18,792 on January 1, 2010.