IDT CORP — Director's Dealing 2011

Apr 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IDT CORP (IDT,IDT.C)
CIK: 0001005731
Period of Report: 2010-04-04

Reporting Person: GREENSTEIN IRA A (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-04	Employee Stock Option (right to buy)	$26.5545	D	33333	Disposed	2011-04-04	Class B Common Stock (33333)	Direct
2011-04-04	Employee Stock Option (right to buy)	$26.5545	A	33333	Acquired	2012-04-16	Class B Common Stock (33333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	1408	Indirect
Class B Common Stock	50144	Direct

Footnotes

F1: As of March 31, 2011.

F2: Consists of 31,744 shares of Restricted Stock, 11,744 shares of which are vested, and 18,400 shares held directly by Mr. Greenstein.

F3: The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option, and the grant of a replacement option in which the exercise period was extended. The options were exercisable starting on April 5, 2003.