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FORM 3
(Print or Type Responses)
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OMB APPROVAL
OMB Number: 3235-0104
Expires: September 30, 1998
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Estimated average burden
Washington, D.C. 20549 hours per response.........................0.5
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* 2. Date of Event Re 3. IRS or Social Se-
-quiring Statement curity Number of
(Month/Day/Year) Reporting Person
(Voluntary)
GE Capital Equity Investments, Inc./(1)/ (07/29/99)
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(Last) (First) (Middle) 4. Issuer Name and Ticker or Trading Symbol
Net2Phone, Inc. (Nasdaq:NTOP)
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260 Long Ridge Road 5. Relationship of Reporting Person(s) to Issuer
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(Street) _____Director X 10% Owner
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Stamford, Connecticut 06927 _____Officer (give _____Other (specify
- --------------------------------------------------------- title below) below)
(City) (State) (Zip)
_____________________
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6. If Amendment, Date of Original
(Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
__Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I) (Instr.5)
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Common Stock, $.01 par value ("Common Stock") 372,333 D
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Common Stock 5,248 I By Snap! LLC (1)
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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
5(b)(v). SEC 1473 (12-97)
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Form 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities Underlying
(Instr. 4) cisable and Derivative Security
Expiraration (Instr. 4)
Date
(Month/Day/Year)
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Date Expira- Amount
Exer- tion of
cisable Date Number
of
Shares
Title
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Class A Common Stock , $.01 (2) (2) Common Stock 1,950,000
par value ("Class A Stock")
(2)
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Class A Stock (2) (2) Common Stock 300,000
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4. Cover- 5. Owner- 6. Nature of Indirect
sion or ship Beneficial Ownership
Exercise Form of (Instr. 5)
Price of Deri-
Deri- ative
vative Security:
Security Direct
(D) or
Indirect
(I)
(Instr. 5)
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(2) D
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(2) I By Snap! LLC (1)
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Explanation of Responses:
(1) This statement is filed by GE Capital Equity Investments, Inc. ("GECEI"),
for and on behalf of itself, National Broadcasting Company, Inc. ("NBC"),
National Broadcasting Company Holding, Inc. ("NBCH"), General Electric Capital
Corporation ("GE Capital"), General Electric Capital Services, Inc. ("GECS") and
General Electric Company ("GE"). NBC is a wholly-owned subsidiary of NBCH.
GECEI is a wholly-owned subsidiary of GE Capital; GE Capital is a subsidiary of
GECS; and GECS and NBCH are wholly-owned subsidiaries of GE. Snap! LLC ("Snap")
is primarily owned by NBC and CNET, Inc. ("CNET"), and NBC appoints a majority
of the Board of Managers of Snap. GECEI, NBC, NBCH, GE Capital, GECS and GE are
referred to herein collectively as the "Reporting Persons." The business
address of each of the Reporting Persons is attached hereto as Attachment 1.
Each of GECS, GE and NBCH disclaims beneficial ownership of the securities
reported herein.
(2) Each share of Class A Stock may be converted at any time into one (1) fully
paid and nonassessable share of Common Stock.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
See Attached Signature Page 07/10/99
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**Signature of Reporting Persons Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
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 Number.
SEC 1473 (7-96)
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SIGNATURE PAGE TO FORM 3
GE CAPITAL EQUITY INVESTMENTS, INC.
By: /s/ Michael B. Pralle
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Name: Michael E. Pralle
Title: President
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Michael B. Pralle
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Name: Michael E. Pralle
Title: Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Michael B. Pralle
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Name: Michael E. Pralle
Title: Attorney-in-Fact
GENERAL ELECTRIC COMPANY
By: /s/ Michael B. Pralle
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Name: Michael E. Pralle
Title: Attorney-in-Fact
NATIONAL BROADCASTING COMPANY, INC.
By: /s/ Thomas A. Rogers
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Name: Thomas A. Rogers
Title: Executive Vice President
NATIONAL BROADCASTING COMPANY HOLDING, INC.
By: /s/ Thomas A. Rogers
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Name: Thomas A. Rogers
Title: Executive Vice President
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ATTACHMENT 1
LIST OF REPORTING PERSONS
GE Capital Equity Investments, Inc.
12O Long Ridge Road
Stamford, CT 06927
General Electric Capital Corporation
12O Long Ridge Road
Stamford, CT 06927
General Electric Capital Services, Inc.
12O Long Ridge Road
Stamford, CT 06927
General Electric Company
12O Long Ridge Road
Stamford, CT 06927
National Broadcasting Company, Inc.
30 Rockefeller Plaza
New York, NY 10112
National Broadcasting Company Holding, Inc.
30 Rockefeller Plaza
New York, NY 10112
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