-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RAj/FwLzgMOJMmsUJolTmfgPeZzzpCVaFiI7LMGMvqiDc9yzq1XBvQjH4Jf8f8s+ ZUQ1dwvs1FHug/b2xJPSMw== 0001193125-03-012018.txt : 20030623 0001193125-03-012018.hdr.sgml : 20030623 20030623172639 ACCESSION NUMBER: 0001193125-03-012018 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20030623 GROUP MEMBERS: DEBORAH JONES GROUP MEMBERS: HOWARD S. JONAS 1998 ANNUITY TRUST GROUP MEMBERS: THE JONAS FAMILY LIMITED PARTNERSHIP GROUP MEMBERS: THE JONAS FOUNDATION GROUP MEMBERS: TRUST FOR THE BENEFIT OF DAVID JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF JONATHAN JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF JOSEPH JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF LEORA JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF MICHAEL JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF RACHEL JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF SAMUEL JONAS GROUP MEMBERS: TRUST FOR THE BENEFIT OF TAMAR JONAS FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JONAS HOWARD S CENTRAL INDEX KEY: 0001034247 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: IDT CORP STREET 2: 294 STATE STREET CITY: HACKANSACK STATE: NJ ZIP: 07601 BUSINESS PHONE: 2019284488 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48167 FILM NUMBER: 03753914 BUSINESS ADDRESS: STREET 1: 520 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973 438 1000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 SC 13D/A 1 dsc13da.htm AMENDMENT NO. 3 TO SCHEDULE 13D Amendment No. 3 to Schedule 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

(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. 3)

 

 

 

 

IDT CORPORATION

(Name of Issuer)

 

 

Common Stock, par value $0.01 per share

Class B Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

 

448947101

448947309

(CUSIP Numbers)

 

Howard S. Jonas

c/o IDT Corporation

520 Broad Street

Newark, New Jersey 07102

Tel.: (973) 438-1000

 

with a copy to:

 

McDermott, Will & Emery

50 Rockefeller Plaza

New York, New York 10020

Attn: Mark Selinger, Esq.

Tel: (212) 547-5400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

June 13, 2003

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

 

(continued on following pages)

(page 1 of 22 pages)

The information required in 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, as amended

(“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).

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            United States

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

                Common Stock                     8,094,330

                Class B Common Stock        2,998,390

  8.    Shared Voting Power

 

                Common Stock                     3,547,800

                Class B Common Stock        3,151,766

  9.    Sole Dispositive Power

 

                Common Stock                     8,094,330

                Class B Common Stock        2,998,390

10.    Shared Dispositive Power

 

                Common Stock                     3,547,800

                Class B Common Stock        3,151,766

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     11,642,130

            Class B Common Stock          6,150,156

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     36.5%

            Class B Common Stock        12.6%

    
14.  

Type of Reporting Person*

 

            IN

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            United States

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

                Common Stock                     3,528,230

                Class B Common Stock        2,903,088

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

                Common Stock                     3,528,230

                Class B Common Stock        2,903,088

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     3,528,230

            Class B Common Stock        2,903,088

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     14.8%

            Class B Common Stock          5.9%

    
14.  

Type of Reporting Person*

 

            IN

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New Jersey

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

                Common Stock                     19,570

                Class B Common Stock        19,570

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

                Common Stock                     19,570

                Class B Common Stock        19,570

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     19,570

            Class B Common Stock        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)

 

            Common Stock                     0.09%

            Class B Common Stock        0.04%

    
14.  

Type of Reporting Person*

 

            PN

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of David Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

                Common Stock                     212,886

                Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

                Common Stock                     212,886

                Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (Entities only)

 

             Trust for the Benefit of Jonathan Jonas Under Article 4 of the Howard S. Jonas 1996

             Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

                Common Stock                     212,886

                Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

                Common Stock                     212,886

                Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

*SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of Joseph Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of Leora Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of Michael Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of Rachel Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of Samuel Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (entities only)

 

            Trust for the Benefit of Tamar Jonas Under Article 4 of the Howard S. Jonas 1996

            Annuity Trust Agreement

    
  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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     212,886

            Class B Common Stock        212,886

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     212,886

            Class B Common Stock        212,886

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     1.0%

            Class B Common Stock        0.4%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                                –         

            Class B Common Stock        229,108

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                                –

            Class B Common Stock        229,108

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                                –

            Class B Common Stock        229,108

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                        –

            Class B Common Stock        0.5%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

CUSIP No. 448947101

CUSIP No. 448947309

 

  1.  

Name of Reporting Person I.R.S. Identification No. of above person (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 Items 2(d) or 2(e)

 

   ¨
  6.  

Citizenship or Place of Organization

 

            New York

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7.    Sole Voting Power

 

  8.    Shared Voting Power

 

            Common Stock                     1,825,142

            Class B Common Stock        1,200,000

  9.    Sole Dispositive Power

 

10.    Shared Dispositive Power

 

            Common Stock                     1,825,142

            Class B Common Stock        1,200,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            Common Stock                     1,825,142

            Class B Common Stock        1,200,000

    
12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*

 

  

¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

            Common Stock                     8.3%

            Class B Common Stock        2.5%

    
14.  

Type of Reporting Person*

 

            OO

    

* SEE INSTRUCTIONS BEFORE FILLING OUT!

SCHEDULE 13D/A

 

This Amendment No. 3 (this “Amendment”) amends the Schedule 13D originally filed with the Securities and Exchange Commission (the “Commission”) on May 19, 1998, as amended by Amendment No. 1 thereto filed with the Commission on October 23, 1998 and by Amendment No. 2 thereto filed with the Commission on March 26, 1999 (as amended, the “Schedule 13D”).

 

Item 1.   Security and Issuer.

 

This Amendment relates to the common stock, par value $0.01 per share (“Common Stock”), and the Class B common stock, par value $0.01 per share (“Class B Common Stock”), of IDT Corporation (“IDT”). The principal executive offices of IDT are located at 520 Broad Street, Newark, New Jersey 07102.

 

Item 2.   Identity and Background.

 

(a), (b), (c) and (f)

 

This Amendment is being filed jointly by Howard S. Jonas, Deborah Jonas, The Jonas Family Limited Partnership, the Trust for David Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Jonathan Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Joseph Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Leora Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Michael Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Rachel Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Samuel Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Tamar Jonas Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement (the foregoing trusts, collectively, the “Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement”), the Howard S. Jonas 1998 Annuity Trust and The Jonas Foundation (collectively, the “Reporting Persons”).

 

The business address of each of the Reporting Persons other than Deborah Jonas is 520 Broad Street, Newark, New Jersey 07102. The business address of Deborah Jonas is c/o The Jonas Foundation, 520 Broad Street, Newark, New Jersey 07102.

 

Mr. Jonas is the Chairman of the Board, founder and controlling shareholder of IDT, trustee of the Howard S. Jonas 1998 Annuity Trust and co-trustee of The Jonas Foundation and each of the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement. Mr. Jonas is a citizen of the United States of America.

 

Ms. Jonas is co-trustee of The Jonas Foundation and each of the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement. She is a citizen 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 Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement and the Howard S. Jonas 1998 Annuity Trust was organized under the laws of the State of New York. The business of each of the Trusts Under Article 4 of the Howard S. Jonas Annuity Trust Agreement and of the Howard S. Jonas 1998 Annuity Trust

is to hold certain assets for the benefit of Mr. Jonas and members of his family.

 

The Jonas Foundation is a charitable foundation under Section 501(c)(3) of the Internal Revenue Code of 1986 and is governed by the laws of the state of New York. The Jonas Foundation is controlled by Mr. Jonas and Ms. Jonas, its sole trustees.

 

(d) and (e)

 

During the last five years, none of the Reporting Persons or none of the general partners or trustees of the Reporting Persons has been (i) convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violations with respect to such laws.

 

Item 3.   Source and Amount of Funds or Other Consideration.

 

The matters set forth in item 4 of this Amendment are incorporated in this Item 3 by reference as if fully set forth herein.

 

Item 4.   Purpose of Transaction.

 

The following transactions are reflected in this Amendment:

 

1) On June 13, 2003, IDT transferred to The Jonas Foundation 2,412,571 shares of Common Stock (which were previously held as treasury stock) in exchange for 2,412,571 shares of Class A Common Stock, par value $0.01 per share, of IDT (“Class A Common Stock”).

 

2) On June 17, 2003, pursuant to an Exchange Agreement, dated as of such date, by and between IDT and Mr. Jonas (the “Exchange Agreement”), IDT exchanged 2,412,571 shares of Class A Common Stock, which were held as treasury stock following the transaction described above, for 2,412,571 shares of Class B Common Stock held by Mr. Jonas.

 

3) On June 19, 2003, The Jonas Foundation sold 587,429 shares of Common Stock and 572,571 shares of Class B Common Stock in broker transactions on the New York Stock Exchange at an average sale price per share of $17.5 and $17.3, respectively.

 

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;

 

 

-2-

  (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 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 Act; or

 

  (j)   any action similar to any of those enumerated in (a)-(i) above.

 

Item 5.   Interest in Securities of the Issuer.

 

As of the date of this Amendment, the Reporting Persons beneficially owned the following number and percentage of IDT’s Common Stock and Class B Common Stock:

 

     NUMBER OF
SHARES1
          PERCENTAGE
OF CLASS
  

Howard S. Jonas

                  

Common Stock

    11,642,130 2        36.5 %

Class B Common Stock

    6,150,156          12.6 %

Deborah Jonas

                  

Common Stock

    3,528,230          14.8 %

Class B Common Stock

    2,903,088          5.9 %

The Jonas Family Limited Partnership

                  

Common Stock

    19,570 3        0.09 %

Class B Common Stock

    19,570          0.04 %
1   On May 31, 2001, IDT issued a stock dividend of one share of Class B Common Stock with respect to each outstanding share of Common Stock and Class A Common Stock then outstanding.
2   Includes 9,816,988 shares of Class A Common Stock which are convertible, at any time and at the option of the holder thereof, into shares of Common Stock on a one-for-one basis.

 

-3-

     NUMBER OF
SHARES1
          PERCENTAGE
OF CLASS
  

Trust for the Benefit of David Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Trust for the Benefit of Jonathan Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Trust for the Benefit of Joseph Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Trust for the Benefit of Leora Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Trust for the Benefit of Michael Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Trust for the Benefit of Rachel Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Trust for the Benefit of Samuel Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %
3   Represents shares of Class A Common Stock which are convertible, at any time and at the option of the holder thereof, into shares of Common Stock on a one-for-one basis.
4   On June 21, 2001, the Howard S. Jonas 1996 Annuity Trust distributed 1,254,466 shares of Class A Common Stock and 1,254,466 shares of Class B Common Stock to Mr. Jonas and 212,886 shares of Class A Common Stock and 212,886 shares of Class B Common Stock to each of the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement.

 

-4-

     NUMBER OF
SHARES1
          PERCENTAGE
OF CLASS
  

Trust for the Benefit of Tamar Jonas

Under Article 4 of the Howard S. Jonas

1996 Annuity Trust Agreement4

                  

Common Stock

    212,886 3        1.0 %

Class B Common Stock

    212,886          0.4 %

Howard S. Jonas 1998 Annuity Trust5

                  

Common Stock

    –          –  

Class B Common Stock

    229,108          0.5 %

The Jonas Foundation

                  

Common Stock

    1,825,142          8.3 %

Class B Common Stock

    1,200,000          2.3 %
5   In June 2003, the Howard S. Jonas 1998 Annuity Trust distributed 230,619 shares of Class A Common Stock and 376,031 shares of Class B Common Stock to Mr. Jonas.

 

-5-

Mr. Jonas has the sole power to cast or to direct the casting of three votes per share on 8,094,330 shares of Class A Common Stock (which are convertible, at any time and at the option of the holder thereof, into shares of Common Stock on a one-for-one basis) and one-tenth of a vote per share on 2,998,390 shares of Class B Common Stock he directly owns, and has the sole power to dispose or to direct the disposition of such shares. Mr. Jonas has the shared power to cast or to direct the casting of three votes per share on 1,722,658 shares of Class A Common Stock and one-tenth of a vote per share on 1,951,766 shares of Class B Common Stock he beneficially owns through The Jonas Family Limited Partnership, each of the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement and the Howard S. Jonas 1998 Annuity Trust, 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, co-trustee of each the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement and the Trustee of Howard S. Jonas 1998 Annuity Trust. Mr. Jonas has the shared power to cast or direct the casting of one vote per share on 1,825,142 shares of Common Stock and one-tenth of a vote per share on 1,200,000 shares of Class B Common Stock he beneficially owns through The Jonas Foundation, and has the shared power to dispose or direct the disposition of such shares. Mr. Jonas is the co-trustee of The Jonas Foundation.

 

Ms. Jonas has the shared power to cast or to direct the casting of one vote per share on the shares of Common Stock and one-tenth of a vote per share on the shares of Class B Common Stock held by The Jonas Foundation, and has the shared power to dispose or to direct the disposition of such shares. Ms. Jonas has the shared power to cast or to direct the casting of three votes per shares on the shares of Class A Common Stock and one-tenth of a vote per share on the shares of Class B Common Stock held by each of the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement. Ms. Jonas is the co-trustee of The Jonas Foundation and each of the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement.

 

Each of The Jonas Family Limited Partnership, the Trusts Under Article 4 of the Howard S. Jonas 1996 Annuity Trust Agreement and the Howard S. Jonas 1998 Annuity Trust shares with Mr. Jonas the power to cast or to direct the casting of three votes per share on the respective number of shares of Class A Common Stock and one-tenth of a vote per share on the respective number of shares of Class B Common Stock each of them beneficially owns, and shares the power to dispose or to direct the disposition of such shares.

 

The Jonas Foundation has the shared power to cast or to direct the casting of one vote per share on the shares of Common Stock and one-tenth of a vote per share on the shares of Class B Common Stock it beneficially owns, and has the shared power to dispose or to direct the disposition of such shares.

 

(c) Except as described in Item 4 and this Item 5, no transactions in the Common Stock or Class B Common Stock were effected by any of the Reporting Persons during the 60 days prior to the date of this Amendment.

 

(d) Not applicable.

 

(e) Not applicable.

 

-6-

Item 6.   Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

The matters set forth in item 4 of this Amendment are incorporated in this Item 6 by reference as if fully set forth herein.

 

Item 7.   Material to be Filed as Exhibits.

 

Exhibit 1

    Exchange Agreement, dated as of June 17, 2003, by and between IDT and Howard S. Jonas.

Exhibit 2

    Joint Filing Agreement.

 

-7-

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 13D/A is true, complete and correct.

 

Dated: June 23, 2003

 

/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

 

TRUST FOR THE BENEFIT OF DAVID JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

 

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

TRUST FOR THE BENEFIT OF JONATHAN JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

 

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

TRUST FOR THE BENEFIT OF JOSEPH JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

 

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

-8-

TRUST FOR THE BENEFIT OF LEORA JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

 

TRUST FOR THE BENEFIT OF MICHAEL JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

 

TRUST FOR THE BENEFIT OF RACHEL JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

 

TRUST FOR THE BENEFIT OF SAMUEL JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

 

TRUST FOR THE BENEFIT OF TAMAR JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

HOWARD S. JONAS 1998 ANNUITY TRUST

By:

  

/S/    HOWARD S. JONAS

 

-9-

Name:

   Howard S. Jonas

Title:

   Trustee

 

THE JONAS FOUNDATION

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

 

-10-

EX-1 3 dex1.htm EXCHANGE AGREEMENT Exchange Agreement

Exhibit 1

 

EXCHANGE AGREEMENT

 

THIS EXCHANGE AGREEMENT, dated as of June 17, 2003 (this “Agreement”), is by and between IDT CORPORATION, a Delaware corporation (“IDT”), and HOWARD S. JONAS, an individual residing at                          (the “Holder”).

 

 

BACKGROUND

 

The authorized common shares of IDT consist of shares of Common Stock, par value $0.01 per share, Class A Common Stock, par value $0.01 per share (the “Class A Stock”), and Class B Common Stock, par value $0.01 per share (the “Class B Stock”).

 

IDT and the Holder have agreed to an exchange of 2,412,571 shares of Class A Stock held by IDT as treasury shares for an equal number of shares of Class B Stock (“the “Class B Shares”) held by the Holder on the terms and conditions contained in this Agreement.

 

NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein, the parties hereby agree, subject to the terms and conditions hereinafter set forth, as follows:

 

 

ARTICLE I.

 

SHARE EXCHANGE

 

1.1    Exchange.    Upon delivery to IDT of the certificates representing the Class B Shares duly endorsed for transfer to IDT, IDT shall accept the Class B Shares and transfer or cause to be transferred to the Holder, in exchange therefor, an equal number of shares of Class A Stock which are currently held by IDT as treasury shares (the “Exchange”). The sole consideration for the Exchange shall be the shares of Class A Stock transferred in exchange for the Class B Shares.

 

1.2    Certificates.    IDT shall deliver or cause to be delivered to the Holder, as soon as practicable after accepting the Class B Shares for exchange, a certificate or certificates representing the shares of Class A Stock issuable to the Holder pursuant to the Exchange, which certificate or certificates shall be registered in the name of the Holder or such other name as shall be designated by the Holder.

 

 

ARTICLE II.

 

REPRESENTATIONS

 

2.1    Representations by the Holder.    The Holder represents and warrants to IDT that (i) the Holder is the beneficial owner of the Class B Shares, (ii) the Holder has the power and authority to exchange the Class B Shares and enter into this

Agreement and (iii) this Agreement does not violate any other agreement, contract or understanding to which the Holder is party or to which the Class B Shares may be subject.

 

 

ARTICLE III.

 

GENERAL

 

3.1    Further Assurances.    From time to time, as and when required by either party hereto, there shall be executed and delivered by the other party hereto such deeds and other instruments, and there shall be taken or caused to be taken by each party hereto such further and other actions, as shall be appropriate or necessary in order to consummate the transactions contemplated hereby.

 

3.2    Entire Agreement.    This Agreement contains the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters.

 

3.3    Governing Law.    This Agreement shall in all respects be construed, interpreted and enforced in accordance with, and governed by, the laws of the State of Delaware.

 

3.4    Counterparts.    This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same instrument.

 

 

[The remainder of this page has been intentionally left blank.]

 

2

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above.

 

IDT CORPORATION
 

By:

  

/S/    JAMES COURTER        

    Name:    James Courter
    Title:      Chief Executive Officer
     
   

/S/    HOWARD S. JONAS        

Howard S. Jonas

 EX-2 4 dex2.htm JOINT FILING AGREEMENT Joint Filing Agreement

Exhibit 2

 

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/A (including amendments thereto) with respect to the Common Stock and Class B 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 23rd day of June, 2003.

 

 

/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

 

TRUST FOR THE BENEFIT OF DAVID JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

TRUST FOR THE BENEFIT OF JONATHAN JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

 

By:

  

/S/    DEBORAH JONAS

Name:   Deborah Jonas
Title:  

Trustee

 

 

1

TRUST FOR THE BENEFIT OF JOSEPH JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

TRUST FOR THE BENEFIT OF LEORA JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

TRUST FOR THE BENEFIT OF MICHAEL JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

TRUST FOR THE BENEFIT OF RACHEL JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

TRUST FOR THE BENEFIT OF SAMUEL JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah Jonas

Title:

   Trustee

 

2

TRUST FOR THE BENEFIT OF TAMAR JONAS UNDER ARTICLE 4 OF THE HOWARD S. JONAS 1996 ANNUITY TRUST AGREEMENT

 

By:

  

/S/    HOWARD S. JONAS

Name:

   Howard S. Jonas

Title:

   Trustee

 

By:

  

/S/    DEBORAH JONAS

 

Name:

   Deborah 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

 

By:

  

/S/    DEBORAH JONAS

Name:

   Deborah Jonas

Title:

   Trustee

 

3

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