FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * COURTER JAMES A   2. Issuer Name and Ticker or Trading Symbol IDT CORP [IDT/IDT.C] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO and Vice Chairman (Last) (First) (Middle) C/O IDT CORPORATION, 520 BROAD STREET 3. Date of Earliest Transaction (Month/Day/Year) 07/22/2005 (Street) NEWARK, NJ 07102 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class B Common Stock, par value $.01 per share               1,442 (1) I By 401(k) Plan Class B Common Stock, par value $.01 per share               58,315 (2) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Option (right to buy)

$ 3.875

07/22/2005

A

12,000

07/22/2005

03/14/2016(3)

Class B Common Stock

12,000

$ 0

12,000

D

Employee Stock Option (right to buy)

$ 2.1875

07/22/2005

A

500,000

07/22/2005

10/28/2016(4)

Class B Common Stock

500,000

$ 0

500,000

D

Employee Stock Option (right to buy)

$ 4.125

07/22/2005

A

150,000

07/22/2005

08/14/2017(5)

Class B Common Stock

150,000

$ 0

150,000

D

Employee Stock Option (right to buy)

$ 12.95

07/22/2005

A

33,333

07/22/2005

07/21/2015

Class B Common Stock

33,333

$ 0

33,333

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
COURTER JAMES A C/O IDT CORPORATION 520 BROAD STREET NEWARK, NJ 07102	X		CEO and Vice Chairman

Signatures

Joyce J. Mason, by Power of Attorney		07/26/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	As of May 31, 2005.
(2)	Shares of Restricted Stock, of which 5,536 are vested.
(3)	Previously granted to the Reporting Person on March 15, 1996. On July 22, 2005, the expiration date to exercise such Employee Stock Option was extended from March 14, 2006 to March 14, 2016.
(4)	Previously granted to the Reporting Person on October 29, 1996. On July 22, 2005, the expiration date to exercise such Employee Stock Option was extended from October 28, 2006 to October 28, 2016.
(5)	Previously granted to the Reporting Person on August 15, 1997. On July 22, 2005, the expiration date to exercise such Employee Stock Option was extended from August 14, 2007 to August 14, 2017.

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