-----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, K8I3Uc4qLqF6D2r+rEP6d9hl9ifTchGFM08RD5pkSp9mFRjrFmNeQxBjmM3ZW1K3 frFTP+A0h20vrzbFLjNNkw== 0001193125-04-035418.txt : 20040305 0001193125-04-035418.hdr.sgml : 20040305 20040305143556 ACCESSION NUMBER: 0001193125-04-035418 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20040305 GROUP MEMBERS: DEBORAH JONAS GROUP MEMBERS: HOWARD S. JONAS GROUP MEMBERS: HOWARD S. JONAS 1998 ANNUITY TRUST GROUP MEMBERS: THE HOWARD S. AND DEBORAH JONAS FOUNDATION, INC. GROUP MEMBERS: THE JONAS FAMILY LIMITED PARTERSHIP 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: 04651589 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. 4 Amendment No. 4

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

 

(UNDER THE SECURITIES EXCHANGE ACT OF 1934)

(Amendment No. 4)*

 

IDT CORPORATION

(Name of Issuer)

 

Common Stock, par value $0.01 per share

Class B Common Stock, par value $0.01 per share

(Titles of Classes 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)

 

February 9, 2004

(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  ¨.

 

Note:  Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* 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).

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                       9,797,418

        Class B Common Stock         1,295,302

  8     SHARED VOTING POWER

 

        Common Stock                       1,844,712

        Class B Common Stock         1,219,570

  9     SOLE DISPOSITIVE POWER

 

        Common Stock                       9,797,418

        Class B Common Stock         1,295,302

10     SHARED DISPOSITIVE POWER

 

        Common Stock                          844,712

        Class B Common Stock         3,654,854

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                       37.77%(1)

Class B Common Stock         10.95%(1)    

    
14  

TYPE OF REPORTING PERSON*

 

IN

    

 

(1) The shares which may be deemed to be beneficially owned by the reporting person consist of 1,825,142 shares of the issuer’s Common Stock, par value $0.01 per share, 9,816,988 shares of the issuer’s Class A Common Stock, par value $0.01 per share, and 6,150,156 shares of the issuer’s Class B Common Stock, par value $0.01 per share. See Item 5 below. Each share of Class A Common Stock is convertible, at any time and at the option of the holder thereof, into one share of Common Stock. The information above assumes the conversion of the shares of Class A Common Stock which may be deemed to be beneficially owned by the reporting person into shares of Common Stock. Each share of Common Stock has one vote per share, each share of Class A Common Stock has three vote per share and each share of Class B Common Stock has one-tenth of a vote per share. The shares of capital stock which may be deemed to be beneficially owned by the reporting person and with respect to which the reporting person has sole or shared voting power represent approximately 56.2% of the voting power of the issuer.

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                          825,142

        Class B Common Stock         3,635,284

  9     SOLE DISPOSITIVE POWER

 

10     SHARED DISPOSITIVE POWER

 

        Common Stock                          825,142

        Class B Common Stock         3,635,284

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                          825,142

Class B Common Stock         3,635,284

    
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                       3.93%

Class B Common Stock         6.47%

    
14  

TYPE OF REPORTING PERSON*

 

IN

    

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         0.03%

    
14  

TYPE OF REPORTING PERSON*

 

PN

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9     SOLE DISPOSITIVE POWER

 

10     SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9     SOLE DISPOSITIVE POWER

 

10     SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                  –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9     SOLE DISPOSITIVE POWER

 

10     SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9    SOLE DISPOSITIVE POWER

 

10    SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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             0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9    SOLE DISPOSITIVE POWER

 

10    SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9    SOLE DISPOSITIVE POWER

 

10    SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9    SOLE DISPOSITIVE POWER

 

10    SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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 Four 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                                 –

        Class B Common Stock         425,772

  9    SOLE DISPOSITIVE POWER

 

10    SHARED DISPOSITIVE POWER

 

        Common Stock                                 –

        Class B Common Stock         425,772

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                                 –

Class B Common Stock         425,772

    
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         0.76%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

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         0.41%

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

 

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                       825,142

        Class B Common Stock                   –

  9    SOLE DISPOSITIVE POWER

 

10    SHARED DISPOSITIVE POWER

 

        Common Stock                       825,142

        Class B Common Stock                   –

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                       825,142

Class B Common Stock                   –

    
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                       3.93%

Class B Common Stock                 –

    
14  

TYPE OF REPORTING PERSON*

 

OO

    

 

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 Howard S. and Deborah Jonas Foundation, Inc.

    
  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

 

Delaware

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7    SOLE VOTING POWER

 

  8    SHARED VOTING POWER

 

        Common Stock                         1,000,000

        Class B Common Stock           1,200,000

  9    SOLE DISPOSITIVE POWER

 

        Common Stock                         1,000,000

        Class B Common Stock           1,200,000

10    SHARED DISPOSITIVE POWER

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

Common Stock                         1,000,000

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                        4.76%

Class B Common Stock          2.14%

    
14  

TYPE OF REPORTING PERSON*

 

CO

    

 

SCHEDULE 13D/A

 

This Amendment No. 4 to Schedule 13D (this “Amendment”) supplements and amends the information contained in the Schedule 13D originally filed with the Securities and Exchange Commission (the “Commission”) on May 19, 1998, as previously amended by Amendment No. 1 thereto filed with the Commission on October 23, 1998, Amendment No. 2 thereto filed with the Commission on March 26, 1999 and Amendment No. 3 thereto filed with the Commission on June 23, 2003 (as so amended, the “Schedule 13D”). Terms used but not defined herein shall have the meanings ascribed thereto in 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.

 

Item 2 is hereby amended and supplemented as follows:

 

(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 Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Jonathan Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Joseph Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Leora Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Michael Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Rachel Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Samuel Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, the Trust for Tamar Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement (the foregoing trusts, collectively, the “Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement”), the Howard S. Jonas 1998 Annuity Trust, The Jonas Foundation and The Howard S. and Deborah Jonas Foundation, Inc. (collectively, the “Reporting Persons”).

 

The Howard S. and Deborah Jonas Foundation, Inc. (“The HD Foundation”) is a Delaware non-stock corporation organized and operated exclusively for charitable and other exempt purposes described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). The HD Foundation is also classified as a supporting organization described in Section 509(a)(3) of the Code. The business address of The HD Foundation is 3020 Palisade Avenue, Riverdale, New York 10471.

 

Howard S. Jonas and Deborah Jonas are members of the board of directors of The HD Foundation. Mr. Jonas also serves as the president of The HD Foundation.

 

Set forth on Schedule I to this Amendment, and incorporated herein by reference, is the name, business address and present principal occupation or employment and citizenship of each executive officer and director of The HD Foundation, and the name of any corporation or other organization in which such employment is conducted, together with the principal business and address of any such corporation or organization, as the case may be, for which such information is set forth.

 

(d) and (e)

 

During the last five years, none of the Reporting Persons, the general partners or trustees of the Reporting Persons or, to the knowledge of the Reporting Persons, the executive officers and directors of the HD Foundation, 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.

 

Item 4 is hereby amended and supplemented as follows:

 

1. On February 9, 2004, The Jonas Foundation made a grant of 1.2 million shares of Class B Common Stock and 1.0 million shares of Common Stock to The HD Foundation. Attached hereto as Exhibit 1 is a copy of the Grant Agreement, dated February 9, 2004, between The Jonas Foundation and The HD Foundation.

 

2. On March 4, 2004, each of the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement exchanged 212,886 shares of Class A Common Stock for 212,886 shares of Class B Common Stock held by Mr. Jonas. Attached hereto as Exhibit 2 is a Form of Exchange Agreement entered into by and between Howard S. Jonas and each of the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement.

 

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 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.

 

Items 5(a) and (b) are hereby amended by deleting them in their entirety and substituting the following therefor:

 

(a) As of the date of this Amendment, the Reporting Persons beneficially owned the following number of shares and percentages of Common Stock and Class B Common Stock:

 

     NUMBER OF
SHARES
     PERCENTAGE
OF CLASS
  

Howard S. Jonas1

             

Common Stock

    11,642,130     37.77 %

Class B Common Stock

    6,150,156     10.95 %

Deborah Jonas

             

Common Stock

    825,142     3.93 %

Class B Common Stock

    3,635,284     6.47 %

The Jonas Family Limited Partnership

             

Common Stock

    19,570 2   0.09 %

Class B Common Stock

    19,570     0.03 %

Trust for the Benefit of David Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

             

Common Stock

    –     –  

Class B Common Stock

    425,772     0.76 %

Trust for the Benefit of Jonathan Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

             

Common Stock

    –     –  

Class B Common Stock

    425,772     0.76 %
1 The shares which may be deemed to be beneficially owned by Mr. Jonas include 1,825,142 shares of Common Stock, 9,816,988 shares of Class A Common Stock and 6,150,156 shares of Class B Common Stock and exclude 1,044 shares of Common Stock held for Mr. Jonas’ account in a 401(k) plan maintained by IDT. Each share of Class A Common Stock is convertible, at any time and at the option of the holder thereof, into one share of Common Stock. The information in the table above with respect to Mr. Jonas assumes the conversion of the shares of Class A Common Stock which may be deemed to be beneficially owned by Mr. Jonas into shares of Common Stock. Each share of Common Stock has one vote per share, each share of Class A Common Stock has three vote per share and each share of Class B Common Stock has one-tenth of a vote per share. The shares of capital stock which may be deemed to be beneficially owned by Mr. Jonas and with respect to which Mr. Jonas has sole or shared voting power represents approximately 56.2% of the voting power of IDT.

 

2 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. The information in the table above with respect to the Jonas Family Limited Partnership assumes the conversion of the shares of Class A Common Stock held by the Jonas Family Limited Partnership into shares of Common Stock.

 

     NUMBER
OF SHARES
    PERCENTAGE
OF CLASS

Trust for the Benefit of Joseph Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

          

Common Stock

    –    –

Class B Common Stock

    425,772    0.76%

Trust for the Benefit of Leora Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

          

Common Stock

    –    –

Class B Common Stock

    425,772    0.76%

Trust for the Benefit of Michael Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

          

Common Stock

    –    –

Class B Common Stock

    425,772    0.76%

Trust for the Benefit of Rachel Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

          

Common Stock

    –    –

Class B Common Stock

    425,772    0.76%

Trust for the Benefit of Samuel Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

          

Common Stock

    –    –

Class B Common Stock

    425,772    0.76%

Trust for the Benefit of Tamar Jonas Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement

          

Common Stock

    –    –

Class B Common Stock

    425,772    0.76%

Howard S. Jonas 1998 Annuity Trust

          

Common Stock

    –    –

Class B Common Stock

    229,108    0.41%

The Jonas Foundation

          

Common Stock

    825,142    3.93%

Class B Common Stock

    –    –

The Howard S. and Deborah Jonas Foundation, Inc.

          

Common Stock

    1,000,000    4.76%

Class B Common Stock

    1,200,000    2.14%

 

(b) Mr. Jonas has the sole power to cast or to direct the casting of three votes per share on 9,797,418 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 1,295,302 shares of Class B Common Stock he directly holds, and has the sole power to dispose or to direct the disposition of such shares. Mr. Jonas shares with the Jonas Limited Family Partnership the power to cast or to direct the casting of three votes per share on 19,570 shares of Class A Common Stock and one-tenth of a vote per share on 19,570 shares of Class B Common Stock held by the Jonas Family Limited Partnership, 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. Mr. Jonas shares with Ms. Jonas and The Howard S. Jonas 1998 Annuity Trust the power to dispose or to direct the disposition of 229,108 shares of Class B Common Stock held by The Howard S. Jonas 1998 Annuity Trust. Mr. Jonas is the co-trustee of The Howard S. Jonas 1998 Annuity Trust. Mr. Jonas shares with each of Ms. Jonas and The Jonas Foundation the power to cast or to direct the casting of one vote per share on 825,142 shares of Common Stock held by The Jonas Foundation, and has the shared power to dispose or to direct the disposition of such shares. Mr. Jonas is co-trustee of The Jonas Foundation. Mr. Jonas shares with each of Ms. Jonas and the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement the power to dispose or to direct the disposition of an aggregate of 3,406,176 shares of Class B Common Stock held by the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement. Mr. Jonas is the co-trustee of each of the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement. Mr. Jonas shares with The HD Foundation the power to cast or to direct the casting of one vote per share on 1.0 million shares of Common Stock and one-tenth of a vote per share on 1.2 million shares of Class B Common Stock held by The HD Foundation. Mr. Jonas is the president and a director of The HD Foundation.

 

Ms. Jonas shares with the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement the power to cast or to direct the casting of one-tenth of a vote per share on an aggregate of 3,406,176 shares of Class B Common Stock held by the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement, and shares with such trusts and with Mr. Jonas the power to dispose or to direct the disposition of such shares. Ms. Jonas is the co-trustee of each of the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement. Ms. Jonas shares with The Howard S. Jonas 1998 Annuity Trust the power to dispose or to direct the disposition of 229,108 shares of Class B Common Stock held by The Howard S. Jonas 1998 Annuity Trust, and shares with such trust and with Mr. Jonas the power to dispose or to direct the disposition of such shares. Ms. Jonas is the co-trustee of The Howard S. Jonas 1998 annuity Trust. Ms. Jonas shares with Mr. Jonas and The Jonas Foundation the power to cast or to direct the casting of one vote per share on 825,142 shares of Common Stock held by The Jonas Foundation, and has the shared power to dispose or to direct the disposition of such shares. Ms. Jonas is the co-trustee of The Jonas Foundation.

 

The Jonas Family Limited Partnership shares with Mr. Jonas the power to cast or to direct the casting of three votes per share on 19,570 shares of Class A Common Stock and one-tenth of a vote per share on 19,570 shares of Class B Common Stock it directly holds, and has the shared power to dispose or to direct the disposition of such shares.

 

The Howard S. Jonas 1998 Annuity Trust shares with Ms. Jonas the power to cast or to direct the casting of one-tenth of a vote per share on 229,108 shares of Class B Common Stock it directly holds, and shares with Mr. and Ms. Jonas the power to dispose or to direct the disposition of such shares.

 

Each of the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement shares with Ms. Jonas the power to cast or to direct the casting of one-tenth of a vote per share on 425,772 shares of Class B Common Stock it directly holds, and shares with Mr. and Ms. Jonas the power to dispose or to direct the disposition of such shares.

 

The Jonas Foundation shares with Mr. and Ms. Jonas the power to cast or to direct the casting of one vote per share on 825,142 shares of Common Stock it directly holds, and has the shared power to dispose or to direct the disposition of such shares.

 

The HD Foundation shares with Mr. Jonas the power to cast or to direct the casting of one vote per share on 1.0 million shares of Common Stock and one-tenth of a vote per share on 1.2 million shares of Class B Common Stock it directly holds, and has the sole power to dispose or to direct the disposition of such shares.

 

As used herein, the term “beneficially owns” shall be construed as defined by Rule 13d-3 promulgated under the Securities Exchange Act of 1934.

 

(c) Except as described herein, 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) As of February 9, 2004, The Jonas Foundation ceased to be the beneficial owner of more than 5% of Common Stock.

 

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    Grant Agreement, dated February 9, 2004, between The Jonas Foundation and The Howard S. and Deborah Jonas Foundation, Inc.
Exhibit 2    Form of Exchange Agreement by and between Howard S. Jonas and each of the Trusts Under Article Four of the Howard S. Jonas 1996 Annuity Trust Agreement.
Exhibit 3    Joint Filing Agreement.

 

 

SIGNATURE

 

After reasonable inquiry and to the best knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this Amendment with respect to such person is true, complete and correct.

 

Dated: March 5, 2004

 

    

/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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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

    

By:

   /s/ Deborah Jonas
       
       

Name: Deborah 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

    

 

THE HOWARD S. AND DEBORAH JONAS

FOUNDATION, INC.

    

By:

   /s/ Howard S. Jonas
       
       

Name: Howard S. Jonas

Title:   President

 

SCHEDULE I

 

Additional Information Concerning the Reporting Persons

 

Set forth below are the name, position, present principal occupation or employment and business address of each director and executive officer of The Howard S. and Deborah Jonas Foundation, Inc. (“The HD Foundation”). Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to employment with The HD Foundation. Each person listed below is a citizen of the United States.

 

Name

   

Position

   

Principal Occupation

   

Business Address

Howard S. Jonas

    President and Director   

Chairman of the Board and Director of IDT Corporation

520 Broad Street

Newark, NJ 07102

    3020 Palisade Avenue Riverdale, NY 10471

Deborah Jonas

    Director    Director    3020 Palisade Avenue Riverdale, NY 10471

Louis Libin

    Director   

Director, Ohel Children’s Home and Family Services, Inc.

4510 16th Avenue

Brooklyn, NY 11204

   

4510 16th Avenue

Brooklyn, NY 11204

Mechel Berger

    Director   

Director, Chai Lifeline, Inc.

151 W. 30th St.

New York, NY 10001

   

151 W. 30th St.

New York, NY 10001

Morton Landowne

    Director   

Director, Ohr Torah Stone Institutions of Israel, Inc.

49 W. 45th St.

New York, NY 10036

   

49 W. 45th St.

New York, NY 10036

 

 EX-1 3 dex1.htm GRANT AGREEMENT DATED FEBRUARY 9, 2004 Grant Agreement dated February 9, 2004

EXHIBIT 1

 

GRANT AGREEMENT

 

The Jonas Foundation (hereinafter “Grantor”) agrees to make the following Grant to The Howard S. and Deborah Jonas Foundation, Inc. (hereinafter “Grantee”), and Grantee makes the representations set forth in Exhibit A and agrees to accept such Grant in accordance with the terms below and subject to the additional terms and conditions set forth in Exhibit A attached hereto and made a part hereof:

 

  1. AMOUNT OF THE GRANT:

 

One Million Two-Hundred Thousand (1,200,000) Shares of IDT

 

Corporation Class B Common Stock; and

 

One Million (1,000,000) Shares of IDT Corporation Common Stock

 

  2. TERMS OF PAYMENT: Lump sum

 

  3. SPECIFIC PURPOSES OF THE GRANT:

 

This is a general support grant. It is not earmarked for any project or for transmittal to any other person or entity, even if Grantee’s proposal or other correspondence expresses expenditure intentions.

 

Executed on behalf of Grantor and Grantee as follows:

 

GRANTOR:       GRANTOR:
THE JONAS FOUNDATION      

THE JONAS FOUNDATION

By:  

/s/ Howard S. Jonas

       By:  

/s/ Deborah Jonas

   
         
   

Howard S. Jonas

          

Deborah Jonas

   

Trustee

          

Trustee

Dated:

  

February 9, 2004

      

Dated:

   February 9, 2004

 

GRANTEE:

THE HOWARD S. AND

DEBORAH JONAS FOUNDATION, INC.

By:  

/s/ Howard S. Jonas

   
    Howard S. Jonas
    President

 

Dated: February 9, 2004

 

EXHIBIT A

 

GRANTEE’S REPRESENTATIONS TO GRANTOR

 

1. Grantee’s Status. Grantee represents to Grantor that it has received a favorable determination letter from the Internal Revenue Service indication that it qualifies for tax exempt status as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and that it is classified as a public charity status under Section 509(a)(1), (2) or (3) of the Code. A copy of the Grantee’s determination letter will be provided to Grantor and Grantee represents to Grantor that its public charity status will not be adversely affected by this Grant.

 

2. Goods and Services. No good or services are being provided by Grantee in exchange for this Grant.

 

ADDITIONAL TERMS AND CONDITIONS TO GRANT AGREEMENT

 

1. Restrictions as to uses of the Grant Proceeds. Grantee will use the full amount of the Grant proceeds solely for the purposes specified in the Grant Agreement and for no other purposes. This restriction relates to the purposes of the Grant; and, except as provided in paragraph 2, it is the responsibility of the Grantee to select appropriate means by which the Grant proceeds are used solely for such prescribed purposes, whether directly by its own use or by others selected by it. Grantee shall repay any portion of the amount granted which is not used for purposes of the Grant.

 

2. Restrictions with respect to certain areas. Grantee agrees not to use any of the grant proceeds:

 

(a) to carry on propaganda, or otherwise to attempt to influence legislation (within the meaning of Section 501(c)(3) of the Code);

 

(b) to participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office (within the meaning of Section 501(c)(3) of the Code.

 

3. Recordkeeping. Grantee agrees to maintain its books and records in such a way that funds from the Grantor will be shown separately on the Grantee’s books. Expenditures made by the Grantee in furtherance of the purposes specified in the Grant Agreement must be charged against the Grant. Grantee will maintain records of such expenditures adequate to identify the use of the funds for the specified purposes. Grantee shall make its books and records available to Grantor at reasonable times.

 

4. Reports to Grantor. At Grantor’s request, Grantee shall supply Grantor with a report showing the use of the Grant proceeds based upon the records of the Grantee.

 

5. Press Releases, Etc. Grantee shall obtain approval from Grantor before releasing information about the grant to the press or other news media.

 

6. Additional Funding. It is expressly understood that Grantor has no obligation to provide other or additional support for this or any other project or purposes.

 

 EX-2 4 dex2.htm FORM OF EXCHANGE AGREEMENT Form of Exchange Agreement

EXHIBIT 2

 

FORM OF EXCHANGE AGREEMENT

 

This EXCHANGE AGREEMENT, dated as of March 4, 2004 (this “Agreement”), is by and between DEBBIE JONAS AND HOWARD S. JONAS, AS CO-TRUSTEES OF THE TRUST F/B/O                      JONAS UNDER ARTICLE FOUR U/A DTD MARCH 13, 1996 MADE BY HOWARD S. JONAS, AS GRANTOR (the “Trust”), and HOWARD S. JONAS, INDIVIDUALLY (“Jonas”).

 

BACKGROUND

 

The Trust and Jonas have agreed to exchange 212,886 shares of Class A Common Stock, par value $0.01 per share (the “Class A Shares”), of IDT Corporation (“IDT”) held by the Trust for an equal number of shares of Class B Common Stock, par value $0.01 per share (the “Class B Shares”), of IDT held by Jonas 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. Simultaneously herewith, the Trust is delivering to Jonas a certificate representing the Class A Shares duly endorsed for transfer, and Jonas is delivering to the Trust a certificate representing an equal number of Class B Shares duly endorsed for transfer (the “Exchange”). The sole consideration for the Exchange shall be the Class A Shares transferred in exchange for the Class B Shares. Each of the Trust and Jonas hereby acknowledges receipt of the items described above.

 

1.2 Certificates. Following the Exchange, (a) the Trust shall surrender to IDT the duly-endorsed certificate representing the Class B Shares received from Jonas in exchange for a new certificate registered in the Trust’s name representing the Class B Shares, and (b) Jonas shall surrender to IDT the duly-endorsed certificate representing the Class A Shares received from the Trust in exchange for a new certificate registered in Jonas’ name representing the Class A Shares.

 

ARTICLE II.

 

REPRESENTATIONS

 

2.1 Representations by Jonas. Jonas represents and warrants to the Trust that (i) Jonas is the beneficial owner of the Class B Shares, (ii) Jonas 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 Jonas is party or to which the Class B Shares may be subject.

 

2.2 Representations by the Trust. The Trust represents and warrants to Jonas that (i) the Trust is the beneficial owner of the Class A Shares, (ii) the Trust has the power and authority to exchange the Class A Shares and enter into this Agreement, and (iii) this Agreement does not violate any other agreement, contract or understanding to which the Trust is party or to which the Class A 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 New York.

 

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.]

 

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

 

TRUST F/B/O                      JONAS UNDER ARTICLE FOUR U/A DTD MARCH 13, 1996 MADE BY HOWARD S. JONAS, AS GRANTOR
By:    
   
   

Name: Debbie Jonas

   

Title:   Co-Trustee

 

By:    
   
   

Name: Howard S. Jonas

   

Title:   Co-Trustee

 

 

HOWARD S. JONAS, INDIVIDUALLY

 

 EX-3 5 dex3.htm JOINT FILING AGREEMENT Joint Filing Agreement

EXHIBIT 3

 

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 5th day of March, 2004.

 

/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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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 FOUR 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

 

By:  

/s/ Deborah Jonas

   
   

Name: Deborah 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

 

THE HOWARD S. AND DEBORAH JONAS FOUNDATION, INC.
By:   /s/ Howard S. Jonas
   
   

Name: Howard S. Jonas

   

Title:  President

 

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