SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
-------------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 2)
IDT Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
448947-10-1
- --------------------------------------------------------------------------------
(CUSIP Number)
Howard S. Jonas
c/o IDT Corporation
190 Main Street
Hackensack, New Jersey 07601
(201) 928-1000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 10, 1999
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1 (e), 13d-1(f) or 13d-1
(g), check the following box |X|.
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 2 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| Howard S. Jonas
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| United States
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| | 4,606,268
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 8,092,576
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | | 2,179,778
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 8,092,576
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 12,698,844
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 37.91%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 3 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| Deborah Jonas
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| United States
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| |
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 2,675,571
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | |
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 2,675,571
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 2,675,571
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 7.98%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 4 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| The Jonas Family Limited Partnership
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| New Jersey
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| |
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 19,570
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | |
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 19,570
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 19,570
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| Less than 0.1%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 5 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| Howard S. Jonas 1996 Annuity Trust
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| New York
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| |
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 3,695,270
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | |
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 3,695,270
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 3,695,270
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 11.03%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 6 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| Howard S. Jonas 1998 Annuity Trust
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| New York
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| |
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 1,559,228
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | |
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 1,559,228
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 1,559,228
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 4.65%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 7 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| The Jonas Foundation
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| United States
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| |
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 2,675,571
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | |
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 2,675,571
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 2,675,571
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| 7.98%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP
No. 448947-10-1 Page 8 of 14 Pages
================================================================================
1 | Names of Reporting Persons
| S.S. or I.R.S. Identification Nos. of Above Persons (Entities Only)
| The JTBC Foundation
|
- --------------------------------------------------------------------------------
2 | Check the Appropriate Box if a Member of a Group* (a) |X|
| (b) |_|
- --------------------------------------------------------------------------------
3 | SEC Use Only
|
- --------------------------------------------------------------------------------
4 | Source of Funds* OO
|
- --------------------------------------------------------------------------------
5 | Check Box if Disclosure of Legal Proceedings is Required
| Pursuant to Item 2(d) or 2(e) |_|
- --------------------------------------------------------------------------------
6 | Citizenship or Place of Organization
| Massachusetts
- --------------------------------------------------------------------------------
| 7 | Sole Voting Power
| |
Number of |-----------------------------------------------------------
Shares | 8 | Shared Voting Power
Beneficially | | 142,937
Owned By |-----------------------------------------------------------
Each | 9 | Sole Dispositive Power
Reporting | |
Person |-----------------------------------------------------------
With | 10 | Shared Dispositive Power
| | 142,937
- --------------------------------------------------------------------------------
11 | Aggregate Amount Beneficially Owned By Each Reporting Person
| 142,937
|
- --------------------------------------------------------------------------------
12 | Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_|
|
- --------------------------------------------------------------------------------
13 | Percent of Class Represented by Amount in Row (11)
| Less than 0.1%
|
- --------------------------------------------------------------------------------
14 | Type of Reporting Person*
| OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 2 (this "Amendment") amends the Schedule 13D filed
by Howard S. Jonas, The Jonas Family Limited Partnership, the Howard S. Jonas
1996 Annuity Trust and the Howard S. Jonas 1998 Annuity Trust on October 23,
1998 (the "Original Schedule 13D"). This Amendment is also filed by Ms. Deborah
Jonas, The Jonas Foundation and The JTBC Foundation. Capitalized terms used but
not otherwise defined in this Amendment shall have the meanings assigned in the
Original Schedule 13D.
Item 1. Security and Issuer
This statement relates to the common stock, par value $0.01 per
share ("Common Stock"), of IDT Corporation ("IDT"). The principal executive
offices of IDT are located at 190 Main Street, Hackensack, New Jersey 07601.
Item 2. Identity and Background
(a) This statement is filed by Howard S. Jonas, Deborah Jonas, The
Jonas Family Limited Partnership, the Howard S. Jonas 1996 Annuity Trust, the
Howard S. Jonas 1998 Annuity Trust, The Jonas Foundation and The JTBC Foundation
(collectively, the "Reporting Persons").
(b) The business address of each of the Reporting Persons, other
than Deborah Jonas, is 190 Main Street, Hackensack, New Jersey 07601. The
business address of Deborah Jonas is c/o The Jonas Foundation, 190 Main Street,
Hackensack, New Jersey 07601.
(c) The present principal occupation of Mr. Jonas is Chief
Executive Officer of IDT, located at 190 Main Street, Hackensack, New Jersey
07601. The JTBC Foundation, a charitable foundation under ss. 501(c)(3) of the
Internal Revenue Code of 1986 (the "IRC"), is controlled by its trustees, Howard
Jonas, Dr. David Turock, Director of Technology of IDT, Howard Balter, Chief
Executive Officer of Net2Phone, a wholly owned subsidiary of IDT and former
Chief Operating Officer of IDT, and James Courter, President of IDT. The Jonas
Foundation, a charitable foundation under ss. 501(c)(3) of the IRC, is
controlled by Mr. Jonas and Ms. Jonas, its sole Trustees. The principal
occupation of Ms. Jonas is co-trustee of The Jonas Foundation. The business of
each of the other Reporting Persons is to hold certain assets for the benefit of
Mr. Jonas and members of his family.
(d) During the last five years, none of the Reporting Persons or
none of the general partners or trustees of any of them has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons or
none of the general partners or trustees of any of them was a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or
<PAGE>
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Mr. Jonas, Ms. Jonas, Dr. Turock, Mr. Balter and Mr. Courter
are citizens of the United States of America. The Jonas Family Limited
Partnership was organized under the laws of the State of New Jersey. Each of the
Howard S. Jonas 1996 Annuity Trust and the Howard S. Jonas 1998 Annuity Trust
was organized under the laws of the State of New York. The JTBC Foundation is
governed by the laws of the Commonwealth of Massachusetts. The Jonas Foundation
is governed by the laws of the State of New York.
Item 3. Source and Amount of Funds or Other Consideration
On April 7, 1998, IDT entered into an Agreement and Plan of Merger
(the "Merger Agreement"), pursuant to which a wholly owned subsidiary of IDT was
merged with and into InterExchange, Inc., a Delaware corporation ("IX"), and IX
became a wholly owned subsidiary of IDT. The Merger Agreement is included as
Exhibit 2 to the Original Schedule 13D and is incorporated herein by reference.
Pursuant to the Merger Agreement, all of the outstanding shares of
the common stock of IX were exchanged for an aggregate of 3,242,323 newly issued
shares (the "IDT Shares") of the Common Stock and $20 million in cash, which was
funded out of IDT's working capital.
Pursuant to the Merger Agreement, 3,106,379 of the IDT Shares (the
"Proxy Shares") are subject to certain restrictions on transferability (the
"Lock-Ups"). On October 7, 1998 and on each October 7 thereafter through and
including October 7, 2002, the Lock-Ups will expire with respect to 20% of the
Proxy Shares originally issued. Pursuant to the Merger Agreement, Mr. Jonas was
given proxies to vote the Proxy Shares (the "Proxies") until such time as the
Lock-Ups expire with respect to such shares. The Proxies are included as Exhibit
3 to the Original Schedule 13D and are incorporated herein by reference.
As previously disclosed in the Original Schedule 13D, pursuant to
the Merger Agreement included as Exhibit 2 to the Original Schedule 13D, the
Lock-Ups with respect to 537,032 shares of Common Stock that were subject to the
Proxies expired on October 7, 1998; however, 2,426,490 shares of Common Stock
continue to be subject to the Proxies.
Item 4. Purpose of Transaction
The following transactions are reflected in this Amendment:
1) On December 14, 1998, Mr. Jonas donated 3,000 shares of
Common Stock from The Jonas Foundation to the International Rescue Committee.
<PAGE>
2) On December 16, 1998, Mr. Jonas donated 1,000 shares of Common
Stock to the Michael and Zora Marton Foundation, 5,328 shares of Common Stock to
the Jonas Family Limited Partnership, and 9,338 shares of Common Stock to
certain family members.
3) On February 1, 1999, Mr. Jonas donated 100 shares of Common
Stock to Noah Falkenstein.
4) On February 5, 1999, Deborah Jonas was designated as an
additional Trustee of The Jonas Foundation. On, February 10, 1999, Mr. Jonas
donated 2,500,000 shares of Common Stock to The Jonas Foundation.
Except as described herein, none of the Reporting Persons has any
plan or proposal that relates to or would result in:
(a) the acquisition by any person of additional securities of IDT,
or the disposition of securities of IDT;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving IDT or any of its
subsidiaries;
(c) a sale or transfer of a material amount of assets of IDT or
any of its subsidiaries;
(d) any change in the present Board of Directors or management of
IDT;
(e) any material change in the present capitalization or dividend
policy of IDT;
(f) any other material change in IDT's business or corporate
structure;
(g) changes in IDT's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of
control of IDT by any person;
(h) causing a class of securities of IDT to be delisted from a
national securities exchange or to cease to be authorized to
be quoted in an inter-dealer quotation system of a registered
national securities association;
(i) a class of equity securities of IDT becoming eligible for
termination of registration pursuant to Section 12(g)(4) of
the Exchange Act; or
(j) any action similar to any of those enumerated in (a)-(i)
above.
Item 5. Interest in Securities of the Issuer
(a) As of the date of this Schedule 13D, the Reporting Persons
beneficially owned the following number and percentage of the Company's Common
Stock:
<TABLE>
<CAPTION>
Reporting Person Number of Shares (#) Percentage (%)
- ---------------- -------------------- --------------
<S> <C> <C>
Howard S. Jonas 12,698,844 37.91
Deborah Jonas 2,675,571 7.98
The Jonas Family Limited Partnership 19,570 less than 0.1
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
Howard S. Jonas 1996 Annuity Trust 3,695,270 11.03
Howard S. Jonas 1998 Annuity Trust 1,559,228 4.65
The Jonas Foundation 2,675,571 7.98
The JTBC Foundation 142,937 less than 0.1
</TABLE>
(b) As of the date hereof, Mr. Jonas has the sole power to vote
the Proxy Shares until such time as the Proxies expire, as described in Item 3
of the Original Schedule 13D. Mr. Jonas does not have power to dispose or to
direct the disposition of the Proxy Shares.
Mr. Jonas has the sole power to cast or to direct the casting of
three votes per share on 2,179,778 shares of Class A Common Stock he directly
owns and has the sole power to dispose or to direct the disposition of such
shares. Mr. Jonas has the sole power to cast or to direct the casting of one
vote per share on the 2,426,490 Proxy Shares. Mr. Jonas has the shared power to
cast or to direct the casting of three votes per share on 7,949,639 shares of
Class A Common Stock he beneficially owns through The Jonas Family Limited
Partnership, the Howard S. Jonas 1996 Annuity Trust, the Howard S. Jonas 1998
Annuity Trust and The Jonas Foundation and has the shared power to dispose or to
direct the disposition of such shares. Mr. Jonas is the General Partner of The
Jonas Family Limited Partnership and the Trustee of each of the Howard S. Jonas
1996 Annuity Trust and the Howard S. Jonas 1998 Annuity Trust. Mr. Jonas is the
co-trustee of The Jonas Foundation and The JTBC Foundation.
Each of The Jonas Family Limited Partnership, the Howard S. Jonas
1996 Annuity Trust, the Howard S. Jonas 1998 Annuity Trust and The Jonas
Foundation shares with Mr. Jonas the power to cast or to direct the casting of
three votes per share on the respective number of shares each of them
beneficially owns and shares the power to dispose or to direct the disposition
of such shares. Ms. Deborah Jonas shares with Mr. Jonas the power to cast or to
direct the casting of three votes per share on the shares held by The Jonas
Foundation, and shares the power to dispose or to direct the disposition of such
shares.
The JTBC Foundation, Dr. Turock, Mr. Balter and Mr. Courter share
with Mr. Jonas the power to cast or to direct the casting of one vote per share
on 142,937 shares of IDT Common Stock and shares the power to dispose of and to
direct the disposition of such shares.
<PAGE>
(c) Except as described herein, no transactions in the Common
Stock were effected by any of the Reporting Persons during the 60 days prior to
the date of this Schedule 13D.
1) On February 1, 1999, Mr. Jonas donated 100 shares of Common
Stock to Noah Falkenstein.
2) On February 5, 1999, Deborah Jonas was designated as an
additional Trustee of The Jonas Foundation. On, February 10, 1999, Mr. Jonas
donated 2,500,000 shares of Common Stock to The Jonas Foundation.
(d) Pursuant to the Merger Agreement, each holder of the Proxy
Shares, has the right to receive or to direct the receipt of dividends from such
shares. Assuming the conversion of the Class A Common Stock into Common Stock,
except as described herein, none of the Reporting Persons, and none of the
holders of the Proxy Shares, is the beneficial owner of more than 5% of the
Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Pursuant to the Merger Agreement, holders of the Proxy Shares have
granted Mr. Jonas the Proxies, and have agreed to be subject to the Lock-Ups as
described in Item 3 of the Original Schedule 13D.
Item 7. Material to Be Filed as Exhibits.
1. Joint Filing Agreement dated March 25, 1999 among Howard S.
Jonas, Deborah Jonas, The Jonas Family Limited Partnership, Howard S. Jonas 1996
Annuity Trust, Howard S. Jonas 1998 Annuity Trust, The Jonas Foundation and The
JTBC Foundation.
2. Agreement and Plan of Merger, dated April 7, 1998 (incorporated
by reference from Exhibit 2.1 to IDTs Current Report on Form 8-K, as filed with
the Securities and Exchange Commission on April 22, 1998).
3. Proxies of Eric Hecht, Richard Robbins, David Turock, Mary Jo
Altom, Lisa Mikulynec, Wai Nam Tam and Bradley Turock, dated April 7, 1998.*
--------------
* Previously filed.
<PAGE>
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: March 25, 1999
/s/ Howard S. Jonas
------------------------------
Howard S. Jonas
/s/ Deborah Jonas
------------------------------
Deborah Jonas
The Jonas Family Limited Partnership
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: General Partner
Howard S. Jonas 1996 Annuity Trust
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
Howard S. Jonas 1998 Annuity Trust
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
The Jonas Foundation
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
The JTBC Foundation
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
EXHIBIT 1
Joint Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a statement on Schedule 13D (including amendments
thereto) with respect to the Common Stock of IDT Corporation and further agree
that this Joint Filing Agreement be included as an Exhibit to such joint
filings. In evidence thereof, the undersigned, being duly authorized, hereby
execute this Agreement this 25th day of March, 1999.
/s/ Howard S. Jonas
------------------------------
Howard S. Jonas
/s/ Deborah Jonas
------------------------------
Deborah Jonas
The Jonas Family Limited Partnership
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: General Partner
Howard S. Jonas 1996 Annuity Trust
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
Howard S. Jonas 1998 Annuity Trust
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
The Jonas Foundation
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
The JTBC Foundation
By: /s/ Howard S. Jonas
------------------------------
Name: Howard S. Jonas
Title: Trustee
