UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
NETSPEAK CORPORATION
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
64115D109
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(CUSIP Number)
12/31/98
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No. 64115D109
1 NAMES OF REPORTING PERSONS STEPHEN R. COHEN
-----------------------------------------
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
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5 SOLE VOTING POWER 600,000(1)
NUMBER OF --------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY --------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER 600,000
PERSON -------------------
WITH:
8 SHARED DISPOSITIVE POWER 0
-------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 600,000
-------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.67%(2)
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12 TYPE OF REPORTING PERSON (See Instructions) IN
-------------------------
- --------------------
(1) Includes 300,000 shares of Common Stock held pursuant to the grant of
stock options.
(2) Calculated on the basis of 12,557,889 shares of Common Stock
outstanding on October 31, 1998.
Page 2 of 5 Pages
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ITEM 1(A). NAME OF ISSUER:
NetSpeak Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
902 Clint Moore Road
Boca Raton, FL 33487
ITEM 2(A). NAME OF PERSON FILING:
Stephen R. Cohen
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
902 Clint Moore Road
Boca Raton, FL 33487
ITEM 2(C). CITIZENSHIP: SEE ITEM 4 ON COVER PAGE
U.S.A.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 Par Value
ITEM 2(E). CUSIP NUMBER:
64115D109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned: 600,000(1) shares.
-------------------
(b) Percent of Class: 4.67%(2)
--------
- --------------------
(1) Includes 300,000 shares of Common Stock held pursuant to the grant of
stock options.
(2) Calculated on the basis of 12,557,889 shares of Common Stock
outstanding on October 31, 1998.
Page 3 of 5 Pages
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct to vote 600,000 shares
--------------
(ii) shared power to vote or to direct the vote 0
--------------
(iii) sole power to dispose or to direct the
disposition of 600,000 shares
--------------
(iv) shared power to dispose or to direct
disposition of 0
--------------
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM 10. CERTIFICATION:
Not applicable.
Pages 4 of 5 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 9, 1999.
/s/ STEPHEN R. COHEN
--------------------------
Stephen R. Cohen
Pages 5 of 5 Pages
