-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QyFSqqXoALJnl26uwkq/p2XHaAFelyyWnVADWF1jdvr5zwEN0upYYC7RQ6d3MeLw KfSDzCvbH9NahvoVaRb2XA== 0000040545-99-000032.txt : 20000211 0000040545-99-000032.hdr.sgml : 20000211 ACCESSION NUMBER: 0000040545-99-000032 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990930 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NET2PHONE INC CENTRAL INDEX KEY: 0001086472 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223559037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-56655 FILM NUMBER: 99721023 BUSINESS ADDRESS: STREET 1: 17 MAIN STREET CITY: HACKENSACK STATE: NJ ZIP: 07601 BUSINESS PHONE: 2019282990 MAIL ADDRESS: STREET 1: 17 MAIN STREET CITY: HACKENSACK STATE: NJ ZIP: 07601 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GE CAPITAL EQUITY INVESTMENTS INC CENTRAL INDEX KEY: 0001093083 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 061268495 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 120 LONG RIDGE RD CITY: STAMFORD STATE: CT ZIP: 06927 BUSINESS PHONE: 2033576839 MAIL ADDRESS: STREET 1: 120 LONG RIDGE RD CITY: STAMFORD STATE: CT ZIP: 06927 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) Net2Phone, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $.01 Per Share 64108N106 - -------------------------------------------------------------------------------- (Title of Class of Securities) (CUSIP Number) Richard Cotton, Esq., National Broadcasting Company, Inc., 30 Rockefeller Plaza, New York, New York, 10112 (212) 664-4000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 21, 1999 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following box [ ]. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 2 OF 13 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) GE Capital Equity Investments, Inc. 06-1268495 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - ---------------------- ------- ------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 2,332,333 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,285,833 - ----------------------- ------- ------------------------------------------------ - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,637,581 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.1%** - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents the Reporting Person's ownership percentage of the outstanding shares of Common Stock of the Issuer. The Reporting Person's ownership percentage of the aggregate outstanding shares of Common Stock and Class A Stock of the Issuer is 5.5%. The foregoing percentages are based upon the number of shares of Common Stock and Class A Stock outstanding as of July 29, 1999 as reported in the Issuer's Form S-1/A dated as of July 29, 1999. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 3 OF 13 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) General Electric Capital Corporation 13-1500700 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - ---------------------- ------- ------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 2,322,333 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,285,833 - ---------------------- ------- ------------------------------------------------- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,637,581 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.1%** - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents the Reporting Person's ownership percentage of the outstanding shares of Common Stock of the Issuer. The Reporting Person's ownership percentage of the aggregate outstanding shares of Common Stock and Class A Stock of the Issuer is 5.5%. The foregoing percentages are based upon the number of shares of Common Stock and Class A Stock outstanding as of July 29, 1999 as reported in the Issuer's Form S-1/A dated as of July 29, 1999. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 4 OF 13 PAGES - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) National Broadcasting Company, Inc. 14-1682529 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - ---------------------- ------- ------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 2,332,333 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,046,500 - ----------------------- ------- ------------------------------------------------ - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,637,581 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.1% - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 5 OF 13 PAGES - -------------------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) General Electric Capital Services, Inc. 06-1095035 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- - ----------------------- ------- ------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF Disclaimed (See 11 below) ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH Disclaimed (See 11 below) ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - ----------------------- ------- ------------------------------------------------ - --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Beneficial ownership of all shares disclaimed by General Electric Capital Services Inc. - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Not Applicable (See 11 above) - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 6 OF 13 PAGES - -------------------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) General Electric Company 14-0689340 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - --------- ---------------------------------------------------------------------- - ----------------------- ------- ------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF Disclaimed (See 11 above) ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH Disclaimed (See 11 above) ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - ----------------------- ------- ------------------------------------------------ - --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Beneficial ownership of all shares disclaimed by General Electric Company. - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Not Applicable - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 7 OF 13 PAGES - -------------------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Snap! LLC 74-2883162 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- - ----------------------- ------- ------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 305,248 ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 305,248 ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - ----------------------- ------- ------------------------------------------------ - --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 305,248 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8%** - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents the Reporting Person's ownership percentage of the outstanding shares of Common Stock of the Issuer. The Reporting Person's ownership percentage of the aggregate outstanding shares of Common Stock and Class A Stock of the Issuer is 0.6%. The foregoing percentages are based upon the number of shares of Common Stock and Class A Stock outstanding as of July 29, 1999 as reported in the Issuer's Form S-1/A dated as of July 29, 1999. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 8 OF 13 PAGES - -------------------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) NBC-NTOP Holding, Inc. 13-4078683 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - --------- - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - --------- ---------------------------------------------------------------------- - ----------------------- ------- ------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 2,332,333 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,046,500 - ----------------------- ------- ------------------------------------------------ - --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,637,581 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.1%** - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! ** Represents the Reporting Person's ownership percentage of the outstanding shares of Common Stock of the Issuer. The Reporting Person's ownership percentage of the aggregate outstanding shares of Common Stock and Class A Stock of the Issuer is 5.5%. The foregoing percentages are based upon the number of shares of Common Stock and Class A Stock outstanding as of July 29, 1999 as reported in the Issuer's Form S-1/A dated as of July 29, 1999. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. 64108N106 PAGE 9 OF 13 PAGES - -------------------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) National Broadcasting Company Holding, Inc. 13-3448662 - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------- ---------------------------------------------------------------------- - ----------------------- ------- ------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF Disclaimed (See 11 below) ------- ------------------------------------------------ ------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH 0 ------- ------------------------------------------------ ------- ------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH Disclaimed (See 11 below) ------- ------------------------------------------------ ------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - ----------------------- ------- ------------------------------------------------ - --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Beneficial ownership of all shares disclaimed by National Broadcasting Company Holding, Inc. - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Not Applicable (See 11 above) - --------- ---------------------------------------------------------------------- - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - --------- ---------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! AMENDMENT NO. 1 TO SCHEDULE 13D This Amendment No. 1 (this "Amendment") amends the Schedule 13D filed on August 9, 1999, (the "Schedule 13D"), which relates to shares of common stock, par value $0.01 per share of Net2Phone, Inc., a Delaware corporation. Capitalized terms used herein but not defined herein shall have the meanings attributed to them in the original Schedule 13D. ITEM 2. IDENTITY AND BACKGROUND. This statement is filed by GECEI, for and on behalf of, in addition to the Reporting Persons listed in the Schedule 13D, NBC-NTOP Holding, Inc. ("NBC-NTOP"). For purposes of this Amendment and any future amendments to the Schedule 13D, NBC-NTOP shall be included in the definition "Reporting Persons". NBC-NTOP is a wholly-owned subsidiary of NBC. A new agreement among the Reporting Persons with respect to the filing of this Amendment and any further amendments to the Schedule 13D is attached hereto as Exhibit 1. NBC-NTOP is a California corporation with its principal executive offices located at 30 Rockefeller Plaza, New York, New York 10112. NBC-NTOP is a holding company. The name, business address, present principal occupation or employment, and citizenship of each director and executive officer of NBC-NTOP are set forth on Schedule I attached hereto. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. On September 21, 1999, NBC contributed its ownership interests in the 1,041,500 shares of Class A Stock to NBC-NTOP. ITEM 4. PURPOSE OF THE TRANSACTION. NBC-NTOP holds the shares in the ordinary course of business as an investment and not with the purpose or effect of changing the control of the issuer. Each of GECEI, NBC-NTOP, NBC, GE Capital and Snap intends to review its investment on a regular basis and as a result thereof may at any time or from time to time, acquire additional securities of the Issuer or dispose of all or a portion of any securities of the Issuer in the open market or otherwise. Any such acquisition or disposition would be made in compliance with all applicable laws and regulations. In accordance with the rights granted under the Subscription Agreement, on September 21, 1999, Martin Yudkovitz ("Yudkovitz") was elected to the Board of Directors of the Issuer as a representative of NBC. In connection therewith, Yudkovitz entered into an agreement with NBC on even date therewith (the "Nominee Agreement") whereby Yudkovitz agreed to hold as a nominee of NBC all current and future stock options granted by the Issuer to Yudkovitz ("Director Options") in his capacity as a non-employee Board member of the Issuer. Pursuant to the Nominee Agreement Yudkovitz agreed to act upon the instructions of NBC with regard to such options. The Nominee Agreement is attached hereto as Exhibit 2. ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER. (a) The responses of the Reporting Persons to Rows (11) through (13) of the cover pages of this Amendment are incorporated herein by reference. As of the date hereof, NBC, GE Capital, GECEI and NBC-NTOP beneficially own in the aggregate 2,637,581 shares of Common Stock of the Issuer, (i) representing approximately 24.1% of the outstanding shares of Common Stock of the Issuer (based on the number of shares of Common Stock outstanding as of July 29, 1999 as reported in the Issuer's Form S-1/A dated as of July 29, 1999) and (ii) representing approximately 5.5% of the combined outstanding shares of Common Stock and Class A Stock of the Issuer (based on the number of shares of Common Stock and Class A Stock outstanding as of July 29, 1999 as reported in the Issuer's Form S-1/A dared as of July 29, 1999). Except as disclosed in this Item 5(a), none of the Reporting Persons nor, to the best of their knowledge, any of their directors or executive officers, beneficially owns any shares of Common Stock of the Issuer. (b) The responses of the Reporting Persons to (i) Rows (7) through (10) of the cover pages of this Amendment and (ii) Item 5(a) hereof are incorporated herein by reference. As further described in Item 6, GECEI and NBC-NTOP have entered into an arrangement with respect to the voting and disposition of the Class A Stock and Common Stock acquired under the Purchase Agreement, those acquired upon the exercise of the warrants acquired under the Purchase Agreement and the Director Options. Except as disclosed in this Item 5(b), none of the Reporting Persons, nor to the best of their knowledge, any of their directors or executive officers, presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the shares of Common Stock of the Issuer which the may be deemed to beneficially own. (c) Except as disclosed in Item 3 and Item 4 hereof, none of the Reporting Persons nor, to the best of their knowledge, any of their directors or executive officers, has effected any transaction in the common stock of the Issuer during the past 60 days. (d) Not applicable. (e) Not applicable. Neither the filing of the Schedule 13D, this Amendment or any further amendments thereto, nor anything contained herein is intended as, or should be construed as, an admission that GECS, NBC Holding, or GE is the "beneficial owner" of any shares of Common Stock. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The responses to Items 3 and 4 are incorporated herein by reference. An agreement among the Reporting Persons with respect to the filing of this Amendment and any further amendments to the Schedule 13D is attached hereto as Exhibit 1. GECEI and NBC-NTOP have entered into an oral agreement, superseding the prior oral agreement between GECEI and NBC, with respect to the shares of Common Stock acquired under the Purchase Agreement, the warrants and the directed stock offering. Pursuant to the arrangement, GECEI and NBC-NTOP have agreed, with respect to the shares to share voting power with respect to all of such shares and to allocate sole dispositive power in the manner set forth on the cover pages of this Amendment. Except as disclosed in this Item 6, none of the Reporting Persons, nor, to the best of their knowledge, any of their directors or executive officers, are parties to any contract, arrangement, understanding or relationship (legal or otherwise) with respect to the securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 Joint Filing Agreement by and among GE Capital Equity Investments, Inc., General Electric Capital Corporation, General Electric Capital Services, Inc., General Electric Company, National Broadcasting Company, Inc., National Broadcasting Company Holding, Inc., NBC-NTOP Holding, Inc., and Snap! LLC, dated September 30, 1999. Exhibit 2 Nominee Agreement by and between National Broadcasting Company, Inc. and Martin Yudkovitz, dated September 21, 1999. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct. Dated: September 30, 1999 GE CAPITAL EQUITY INVESTMENTS, INC. By: /s/ Micheal B. Pralle Micheal B. Pralle President GENERAL ELECTRIC CAPITAL CORPORTION By: /s/ Michael B. Pralle Micheal B. Pralle Vice President GENERAL ELECTRIC CAPITAL SERVICES, INC. By: /s/ Michael B. Pralle Michael B. Pralle Attorney-in-Fact* GENERAL ELECTRIC COMPANY By: /s/ Michael B. Pralle Michael B. Pralle Attorney-in-Fact* NATIONAL BROADCASTING COMPANY, INC. By: /s/ Mark Begor Mark Begor Executive Vice President NATIONAL BROADCASTING COMPANY HOLDING, INC. By: /s/ Mark Begor Mark Begor Vice President NBC-NTOP HOLDING, INC. By: /s/ Mark Begor Mark Begor Vice President SCHEDULE I TO SCHEDULE 13D Filed by NBC-NTOP Holding, Inc. PRESENT PRESENT NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION DIRECTORS: Mark Begor 30 Rockefeller Plaza Director New York, NY 10112 Richard Cotton 30 Rockefeller Plaza Director New York, NY 10112 Thomas Rogers 30 Rockefeller Plaza Director New York, NY 10112 EXECUTIVE OFFICERS: Thomas Rogers 30 Rockefeller Plaza President New York, NY 10112 Mark Begor 30 Rockefeller Plaza Vice President New York, NY 10112 Exhibit 1 JOINT FILING AGREEMENT This will confirm the agreement by and among all the undersigned that the Amendment filed on or about this date and any further amendments to the Schedule 13D with respect to beneficial ownership by the undersigned of shares of the Common Stock, par value $0.01 per share, of Net2Phone, Inc., is being filed on behalf of each of the undersigned in accordance with Rule 13D-1 (k) (1) under the Securities Exchange Act of 1934. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: September 30, 1999 GE CAPITAL EQUITY INVESTMENTS, INC. NBC-NTOP HOLDING, INC. By: /s/ Micheal B. Pralle By: /s/ Mark Begor Micheal B. Pralle Mark Begor President Vice President GENERAL ELECTRIC CAPITAL CORPORTION By: /s/ Michael B. Pralle Micheal B. Pralle Vice President GENERAL ELECTRIC CAPITAL SERVICES, INC. By: /s/ Michael B. Pralle Michael B. Pralle Attorney-in-Fact* GENERAL ELECTRIC COMPANY By: /s/ Michael B. Pralle Michael B. Pralle Attorney-in-Fact* NATIONAL BROADCASTING COMPANY, INC. By: /s/ Mark Begor Mark Begor Executive Vice President NATIONAL BROADCASTING COMPANY HOLDING, INC. By: /s/ Mark Begor Mark Begor Vice President Exhibit 2 NOMINEE AGREEMENT THIS NOMINEE AGREEMENT is entered into as of September 21, 1999 , by and between NATIONAL BROADCASTING COMPANY, INC. ("NBC") and MARTIN YUDKOVITZ ("Yudkovitz"). RECITALS WHEREAS, Yudkovitz has received an option, a copy of which is attached hereto as EXHIBIT A, to purchase 10,000 shares of the Common Stock of NET2PHONE, INC. ("Net2Phone") pursuant to the Net2Phone 1999 Non-Employee Directors' Stock Option Plan (the "Plan"), and Yudkovitz will automatically receive annual options under the Plan as long as he is serving as a non-employee director of Net2Phone (collectively the "Options"); WHEREAS, Net2Phone has granted, and will grant, the Options to Yudkovitz in connection with his service to Net2Phone as a non-employee director; WHEREAS, Yudkovitz has provided, and will provide, such services to Net2Phone solely in his capacity as an employee of NBC and, accordingly, the Options are the property of NBC; WHEREAS, merely for convenience, Yudkovitz has acquired, and will acquire, legal title to the Options; WHEREAS, NBC wishes that Yudkovitz hold the Options merely as nominee for NBC; and WHEREAS, Yudkovitz agrees to hold the Options merely as nominee for NBC. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which is acknowledged hereby, the parties hereto agree as follows: AGREEMENT I. Yudkovitz agrees that he will hold the Options merely as nominee for NBC. Yudkovitz agrees that he has no discretionary duties with respect to the Options but must act only on explicit instructions of NBC. Yudkovitz agrees to act upon such instructions. II. Yudkovitz agrees to hold the Options for convenience only and acknowledges that he will not have and agrees that he will not assert ownership of the Options (except in his capacity as an equity holder of NBC). III. Yudkovitz agrees to fully account to NBC as to the Options. IV. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, that all of which together shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. NATIONAL BROADCASTING COMPANY, INC. By: /s/ Martin Yudkovitz ------------------------ Name: Martin Yudkovitz Title: President of NBC Interactive /s/ Martin Yudkovitz -------------------- MARTIN YUDKOVITZ -----END PRIVACY-ENHANCED MESSAGE-----