Prepared by MERRILL CORPORATION

    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director    X  10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue       77-0398689       07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original
(Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
 X  Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/2/01       S           1,600   D   $5.87                        

Common Stock       7/2/01       S           1,080   D   $5.88                        

Common Stock       7/2/01       S           1,540   D   $5.81                        

Common Stock       7/2/01       S           2,000   D   $5.80                        

Common Stock       7/2/01       S              540   D   $5.91                        

Common Stock       7/2/01       S              540   D   $5.92                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 1 of 35

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FORM 4 (Continued)   Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
(
e.g., puts, calls, warrants, options, convertible securities)

1.   Title of Derivative Security
(Instr. 3)
  2.   Conversion or Exercise Price of Derivative Security   3.   Transaction Date
(Month/Day/Year)
  4.   Transaction Code
(Instr. 8)
  5.   Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
  6.   Date Exercisable and
Expiration Date
(Month/Day/Year)
                       
 
                            Code   V       (A)   (D)       Date
Exercisable
  Expiration Date

                                                         

                                                         

                                                         

                                                         

                                                         

                                                         

                                                         

                                                         

                                                         

                                                         

                                                         


7.   Title and Amount of Underlying Securities
(Instr. 3 and 4)
  8.   Price of Derivative Security
(Instr. 5)
  9.   Number of Derivative Securities Beneficially Owned at
End of Month
(Instr. 4)
  10.   Ownership Form
of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
  11.   Nature of Indirect Beneficial Ownership
(Instr. 4)
   
                               
    Title   Amount or Number of Shares                                

                                         

                                         

                                         

                                         

                                         

                                         

                                         

                                         

                                         

                                         

                                         

Explanation of Responses:

    /s/ Jeffrey Mallett   August 10, 2001
**Intentional misstatements or omissions of facts constitute Federal Crime Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).  
**Signature of Reporting Person
President and Chief Operating Officer
 
Date
         
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient,
see Instruction 6 for procedure.
       
        Page 2 of 35

Potential persons who are to respond to the collection of
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/2/01       S              540   D   $5.93                        

Common Stock       7/2/01       S              540   D   $5.90                        

Common Stock       7/2/01       S           1,620   D   $5.95                        

Common Stock       7/3/01       S           1,250   D   $5.50                        

Common Stock       7/3/01       S           1,250   D   $5.51                        

Common Stock       7/3/01       S           1,250   D   $5.54                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 3 of 35

Potential persons who are to respond to the collection of
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/3/01       S           2,500   D   $5.55                        

Common Stock       7/3/01       S           1,250   D   $5.57                        

Common Stock       7/3/01       S           1,250   D   $5.58                        

Common Stock       7/3/01       S           1,250   D   $5.62                        

Common Stock       7/5/01       S              720   D   $5.04                        

Common Stock       7/5/01       S           1,440   D   $5.06                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 4 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/5/01       S           1,440   D   $5.09                        

Common Stock       7/5/01       S           2,120   D   $5.10                        

Common Stock       7/5/01       S           1,440   D   $5.11                        

Common Stock       7/5/01       S              680   D   $5.12                        

Common Stock       7/5/01       S              720   D   $5.13                        

Common Stock       7/5/01       S              720   D   $5.15                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 5 of 35

Potential persons who are to respond to the collection of
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/5/01       S           720   D   $5.46                        

Common Stock       7/6/01       S           700   D   $5.05                        

Common Stock       7/6/01       S           700   D   $5.07                        

Common Stock       7/6/01       S           700   D   $5.10                        

Common Stock       7/6/01       S           800   D   $5.11                        

Common Stock       7/6/01       S           700   D   $5.12                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 6 of 35

Potential persons who are to respond to the collection of
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/6/01       S              700   D   $5.15                        

Common Stock       7/6/01       S           1,500   D   $5.17                        

Common Stock       7/6/01       S              700   D   $5.21                        

Common Stock       7/6/01       S              700   D   $5.23                        

Common Stock       7/6/01       S              700   D   $5.25                        

Common Stock       7/6/01       S              700   D   $5.26                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 7 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/6/01       S           1,400   D   $5.31                        

Common Stock       7/9/01       S              720   D   $4.90                        

Common Stock       7/9/01       S              680   D   $4.93                        

Common Stock       7/9/01       S              720   D   $4.94                        

Common Stock       7/9/01       S              720   D   $4.96                        

Common Stock       7/9/01       S           1,440   D   $5.00                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 8 of 35

Potential persons who are to respond to the collection of
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment, Date of Original (Month/Year)   7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transactione
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/9/01       S           2,160   D   $5.01                        

Common Stock       7/9/01       S              720   D   $5.05                        

Common Stock       7/9/01       S           1,440   D   $5.07                        

Common Stock       7/9/01       S              720   D   $5.10                        

Common Stock       7/9/01       S              680   D   $5.18                        

Common Stock       7/10/01       S           1,400   D   $4.83                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 9 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/10/01       S           1,400   D   $4.94                        

Common Stock       7/10/01       S           2,160   D   $4.96                        

Common Stock       7/10/01       S              720   D   $4.99                        

Common Stock       7/10/01       S              720   D   $5.00                        

Common Stock       7/10/01       S              720   D   $5.01                        

Common Stock       7/10/01       S           1,440   D   $5.04                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 10 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/10/01       S              720   D   $5.05                        

Common Stock       7/10/01       S              720   D   $5.13                        

Common Stock       7/11/01       S              720   D   $4.45                        

Common Stock       7/11/01       S              640   D   $4.46                        

Common Stock       7/11/01       S              720   D   $4.50                        

Common Stock       7/11/01       S              720   D   $4.51                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 11 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/11/01       S              720   D   $4.55                        

Common Stock       7/11/01       S           1,440   D   $4.57                        

Common Stock       7/11/01       S              720   D   $4.58                        

Common Stock       7/11/01       S              720   D   $4.60                        

Common Stock       7/11/01       S              720   D   $4.70                        

Common Stock       7/11/01       S              720   D   $4.76                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 12 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/11/01       S              720   D   $4.79                        

Common Stock       7/11/01       S           1,440   D   $4.80                        

Common Stock       7/12/01       S              720   D   $4.50                        

Common Stock       7/12/01       S              720   D   $4.55                        

Common Stock       7/12/01       S            720   D   $4.56                        

Common Stock       7/12/01       S              720   D   $4.57                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 13 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting   Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting   Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/12/01       S           1,360   D   $4.70                        

Common Stock       7/12/01       S              720   D   $4.71                        

Common Stock       7/12/01       S              720   D   $4.74                        

Common Stock       7/12/01       S              720   D   $4.75                        

Common Stock       7/12/01       S              720   D   $4.78                        

Common Stock       7/12/01       S           1,440   D   $4.80                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 14 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/12/01       S              720   D   $4.81                        

Common Stock       7/12/01       S              720   D   $4.87                        

Common Stock       7/13/01       S              720   D   $4.67                        

Common Stock       7/13/01       S           1,760   D   $4.70                        

Common Stock       7/13/01       S           1,440   D   $4.75                        

Common Stock       7/13/01       S           1,760   D   $4.76                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 15 of 35

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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
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Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/13/01       S              720   D   $4.79                        

Common Stock       7/13/01       S           1,440   D   $4.80                        

Common Stock       7/13/01       S           1,440   D   $4.82                        

Common Stock       7/13/01       S              720   D   $4.85                        

Common Stock       7/16/01       S              720   D   $4.30                        

Common Stock       7/16/01       S              720   D   $4.38                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 16 of 35

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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/16/01       S           2,080   D   $4.41                        

Common Stock       7/16/01       S              720   D   $4.44                        

Common Stock       7/16/01       S           1,440   D   $4.47                        

Common Stock       7/16/01       S           1,440   D   $4.66                        

Common Stock       7/16/01       S              720   D   $4.77                        

Common Stock       7/16/01       S              720   D   $4.85                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 17 of 35

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information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/16/01       S              720   D   $4.86                        

Common Stock       7/16/01       S              720   D   $4.90                        

Common Stock       7/17/01       S           1,440   D   $4.34                        

Common Stock       7/17/01       S           2,130   D   $4.35                        

Common Stock       7/17/01       S              720   D   $4.36                        

Common Stock       7/17/01       S              720   D   $4.37                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 18 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
    Form filed by One Reporting Person
    Form filed by More than
    Sunnyvale,   California   94089                           One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/17/01       S           2,130   D   $4.38                        

Common Stock       7/17/01       S              720   D   $4.40                        

Common Stock       7/17/01       S              720   D   $4.43                        

Common Stock       7/17/01       S              720   D   $4.63                        

Common Stock       7/17/01       S              700   D   $4.64                        

Common Stock       7/18/01       S              720   D   $4.30                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 19 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/18/01       S              720   D   $4.32                        

Common Stock       7/18/01       S              720   D   $4.34                        

Common Stock       7/18/01       S              720   D   $4.35                        

Common Stock       7/18/01       S           1,440   D   $4.36                        

Common Stock       7/18/01       S              720   D   $4.40                        

Common Stock       7/18/01       S              720   D   $4.41                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 20 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/18/01       S           2,160   D   $4.43                        

Common Stock       7/18/01       S              720   D   $4.44                        

Common Stock       7/18/01       S              720   D   $4.45                        

Common Stock       7/18/01       S              640   D   $4.50                        

Common Stock       7/19/01       S              720   D   $4.36                        

Common Stock       7/19/01       S              720   D   $4.38                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 21 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/19/01       S              720   D   $4.39                        

Common Stock       7/19/01       S              720   D   $4.44                        

Common Stock       7/19/01       S              720   D   $4.46                        

Common Stock       7/19/01       S              720   D   $4.49                        

Common Stock       7/19/01       S              720   D   $4.52                        

Common Stock       7/19/01       S           2,800   D   $4.53                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 22 of 35

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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
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Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/19/01       S              720   D   $4.54                        

Common Stock       7/19/01       S           1,440   D   $4.56                        

Common Stock       7/20/01       S              720   D   $4.32                        

Common Stock       7/20/01       S              720   D   $4.36                        

Common Stock       7/20/01       S           2,160   D   $4.37                        

Common Stock       7/20/01       S           1,440   D   $4.41                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 23 of 35

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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/20/01       S              720   D   $4.42                        

Common Stock       7/20/01       S              720   D   $4.43                        

Common Stock       7/20/01       S              720   D   $4.45                        

Common Stock       7/20/01       S           1,440   D   $4.46                        

Common Stock       7/20/01       S              720   D   $4.47                        

Common Stock       7/20/01       S              640   D   $4.49                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 24 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/23/01       S              714   D   $4.39                        

Common Stock       7/23/01       S           3,570   D   $4.40                        

Common Stock       7/23/01       S              714   D   $4.42                        

Common Stock       7/23/01       S           1,432   D   $4.46                        

Common Stock       7/23/01       S              714   D   $4.47                        

Common Stock       7/23/01       S              714   D   $4.48                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 25 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/23/01       S              714   D   $4.50                        

Common Stock       7/23/01       S              714   D   $4.51                        

Common Stock       7/23/01       S              714   D   $4.60                        

Common Stock       7/24/01       S              714   D   $4.03                        

Common Stock       7/24/01       S              714   D   $4.12                        

Common Stock       7/24/01       S              718   D   $4.21                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 26 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/24/01       S              714   D   $4.27                        

Common Stock       7/24/01       S              714   D   $4.30                        

Common Stock       7/24/01       S           1,428   D   $4.31                        

Common Stock       7/24/01       S              714   D   $4.32                        

Common Stock       7/24/01       S              714   D   $4.38                        

Common Stock       7/24/01       S           1,428   D   $4.42                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 27 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/24/01       S              714   D   $4.43                        

Common Stock       7/24/01       S              714   D   $4.46                        

Common Stock       7/24/01       S              714   D   $4.50                        

Common Stock       7/25/01       S              714   D   $4.02                        

Common Stock       7/25/01       S              714   D   $4.08                        

Common Stock       7/25/01       S           1,428   D   $4.11                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 28 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/25/01       S           1,428   D   $4.12                        

Common Stock       7/25/01       S           2,142   D   $4.13                        

Common Stock       7/25/01       S              714   D   $4.15                        

Common Stock       7/25/01       S           1,428   D   $4.16                        

Common Stock       7/25/01       S              714   D   $4.21                        

Common Stock       7/25/01       S              718   D   $4.22                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 29 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
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Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                            One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/26/01       S              714   D   $4.01                        

Common Stock       7/26/01       S              714   D   $4.07                        

Common Stock       7/26/01       S           1,428   D   $4.08                        

Common Stock       7/26/01       S           1,428   D   $4.09                        

Common Stock       7/26/01       S           2,146   D   $4.10                        

Common Stock       7/26/01       S              714   D   $4.12                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 30 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
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    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                       One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/26/01       S              714   D   $4.15                        

Common Stock       7/26/01       S              714   D   $4.17                        

Common Stock       7/26/01       S           1,428   D   $4.18                        

Common Stock       7/27/01       S              720   D   $4.03                        

Common Stock       7/27/01       S              714   D   $4.10                        

Common Stock       7/27/01       S           2,148   D   $4.11                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 31 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                       One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/27/01       S              720   D   $4.12                        

Common Stock       7/27/01       S              714   D   $4.13                        

Common Stock       7/27/01       S              714   D   $4.14                        

Common Stock       7/27/01       S           1,440   D   $4.15                        

Common Stock       7/27/01       S           1,440   D   $4.16                        

Common Stock       7/27/01       S              720   D   $4.18                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 32 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                       One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/27/01       S              670   D   $4.21                        

Common Stock       7/30/01       S              714   D   $4.08                        

Common Stock       7/30/01       S           3,570   D   $4.10                        

Common Stock       7/30/01       S           3,570   D   $4.11                        

Common Stock       7/30/01       S              714   D   $4.12                        

Common Stock       7/30/01       S              714   D   $4.15                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 33 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                       One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/30/01       S              718   D   $4.17                        

Common Stock       7/31/01       S           1,428   D   $4.02                        

Common Stock       7/31/01       S              714   D   $4.03                        

Common Stock       7/31/01       S              714   D   $4.06                        

Common Stock       7/31/01       S              714   D   $4.07                        

Common Stock       7/31/01       S           1,428   D   $4.08                        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 34 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.



    FORM 4

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

(Print or Type Responses)
  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
 
OMB APPROVAL

OMB Number:  3235-0287
Expires: December 31, 2001
Estimated average burden hours per response .... 0.5


1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer (Check all applicable)
    Yahoo! Inc.               Net2Phone, Inc. (NTOP)           Director       10% Owner

 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)   4.   Statement for Month/Year           Officer
   (give title below)
      Other
   (specify below)
    701 First Avenue               07/2001            

 
 
     
(Street)           5.   If Amendment,
Date of Original (Month/Year)
  7.   Individual or Joint/Group Filing
(Check Applicable)
     Form filed by One Reporting Person
     Form filed by More than
    Sunnyvale,   California   94089                       One Reporting Person

    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.   Title of Security
(Instr. 3)
  2.   Transaction Date
(Month/Day/Year)
  3. Transaction
    Code
    (Instr. 8)
  4.   Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
  5.   Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  6.   Ownership Form:
Direct (D) or Indirect (I)
(Instr. 4)
  7.   Nature of Indirect Beneficial Ownership
(Instr. 4)
                   
                       
                    Code   V       Amount   (A) or (D)   Price                        

Common Stock       7/31/01       S              714   D   $4.12                        

Common Stock       7/31/01       S           1,428   D   $4.13                        

Common Stock       7/31/01       S              714   D   $4.14                        

Common Stock       7/31/01       S           1,428   D   $4.15                        

Common Stock       7/31/01       S              718   D   $4.16       2,269,278       D        

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.   (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).   SEC 1474 (3-99)
     
    Page 35 of 35

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.