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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 1)*
IDT Corporation
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
448947-10-1
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13G
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CUSIP No. 448947-10-1 Page 2 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Mr. Howard S. Jonas
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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5 SOLE VOTING POWER
NUMBER OF
10,230,909
SHARES
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6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
10,230,909
REPORTING
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,230,909
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
44.2%
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12 TYPE OF REPORTING PERSON*
IN
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SCHEDULE 13G
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CUSIP No. 448947-10-1 Page 3 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Jonas Family Limited Partnership
06-048-6407
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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5 SOLE VOTING POWER
NUMBER OF
14,242
SHARES
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6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
14,242
REPORTING
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,242
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1.0%
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12 TYPE OF REPORTING PERSON*
PN
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SCHEDULE 13G
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CUSIP No. 448947-10-1 Page 4 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Howard S. Jonas 1996 Annuity Trust
13-711-9646
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF
4,027,937
SHARES
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6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
4,027,937
REPORTING
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,027,937
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
17.4%
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12 TYPE OF REPORTING PERSON*
OO
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SCHEDULE 13G
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CUSIP No. 448947-10-1 Page 5 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Howard S. Jonas 1998 Annuity Trust
13-713-7628
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF
1,559,228
SHARES
---------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
1,559,228
REPORTING
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
WITH
- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,559,228
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.7%
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12 TYPE OF REPORTING PERSON*
OO
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SCHEDULE 13G
ITEM 1.
(A) NAME OF ISSUER:
IDT Corporation (Nasdaq NMS: IDTC)
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
IDT Corporation
190 Main Street
Hackensack, New Jersey 07601
ITEM 2.
(A) NAMES OF PERSONS FILING:
Mr. Howard S. Jonas
The Jonas Family Limited Partnership
Howard S. Jonas 1996 Annuity Trust
Howard S. Jonas 1998 Annuity Trust
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICER OR, IF NONE,
RESIDENCE:
c/o IDT Corporation
190 Main Street
Hackensack, New Jersey 07601
(C) CITIZENSHIP:
U.S.
(D) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share.
(E) CUSIP NUMBER:
448947-10-1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
Page 6 of 9
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ITEM 4. OWNERSHIP.
(A) AMOUNT BENEFICIALLY OWNED:
10,230,909 shares, as of 12/31/97, including (i) 4,629,502
shares held by Mr. Jonas directly, (ii) 14,242 shares owned by
the Jonas Family Limited Partnership (iii) 4,027,937 shares
held by the Howard S. Jonas 1996 Annuity Trust and (iv)
1,559,228 shares held by the Howard S. Jonas 1998 Annuity
Trust. Such shares are the issuer's Class A Common Stock, par
value $0.01 per share, convertible into shares of the issuer's
Common Stock, par value $0.01 per share, on a one-to-one basis.
Mr. Jonas may be deemed the owner of all such shares.
(B) PERCENT OF CLASS:
44.2%
(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
10,230,909
(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
(III)SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
10,230,909
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY
THE PARENT HOLDING COMPANY.
Not Applicable.
Page 7 of 9
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP.
Not Applicable.
ITEM 10.CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purpose or effect.
Page 8 of 9
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 13, 1998
/s/ Howard S. Jonas
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Name: HOWARD S. JONAS
THE JONAS FAMILY LIMITED PARTNERSHIP
/s/ Howard S. Jonas
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Name: HOWARD S. JONAS
Title: General Partner
HOWARD S. JONAS 1996 ANNUITY TRUST
/s/ Howard S. Jonas
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Name: HOWARD S. JONAS
Title: Trustee
HOWARD S. JONAS 1998 ANNUITY TRUST
/s/ Howard S. Jonas
------------------------------------
Name: HOWARD S. JONAS
Title: Trustee
Page 9 of 9
