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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UL6HIJBhpNYVgWe7AC1ojlUP+KwaIm3LEu/9Vg7d7e1w6kqmxcmgXREkc+X4itBD
 /GdU546svzczCyPrHFL+Gw==

<SEC-DOCUMENT>0001181431-03-028329.txt : 20031031
<SEC-HEADER>0001181431-03-028329.hdr.sgml : 20031031
<ACCEPTANCE-DATETIME>20031031132202
ACCESSION NUMBER:		0001181431-03-028329
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031029
FILED AS OF DATE:		20031031

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MCPHERSON HARRY
		CENTRAL INDEX KEY:			0001196780

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26763
		FILM NUMBER:		03969161

	MAIL ADDRESS:	
		STREET 1:		C/O NET2PHONE INC
		STREET 2:		520 BROAD ST
		CITY:			NEWARK
		STATE:			NJ
		ZIP:			07102

ISSUER:		

	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

	BUSINESS ADDRESS:	
		STREET 1:		520 BROAD STREET
		CITY:			NEWARK
		STATE:			NJ
		ZIP:			07102
		BUSINESS PHONE:		9734122800

	MAIL ADDRESS:	
		STREET 1:		17 MAIN STREET
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07601
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd21342.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-10-29</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001086472</issuerCik>
        <issuerName>NET2PHONE INC</issuerName>
        <issuerTradingSymbol>NTOP</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001196780</rptOwnerCik>
            <rptOwnerName>MCPHERSON HARRY</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>520 BROAD ST.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEWARK</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07102</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><derivativeTable><derivativeTransaction><securityTitle><value>Employee Stock Option (right to buy)</value></securityTitle><conversionOrExercisePrice><value>5.97</value></conversionOrExercisePrice><transactionDate><value>2003-10-29</value></transactionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>10000</value></transactionShares><transactionPricePerShare><value>5.97</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-10-29</value></exerciseDate><expirationDate><footnoteId id="F1"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSec
urityTitle><underlyingSecurityShares><value>10000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">The option shall expire on the first to occur of (i) the tenth anniversary of the date of grant, (ii) the first anniversary of the reporting person's termination of service as a member of the board other than for cause, or (iii) three months following the reporting person's removal from the board for cause.</footnote></footnotes><ownerSignature><signatureName>/s/ Bruce Shoulson, Attorney-in-fact</signatureName><signatureDate>2003-10-31</signatureDate></ownerSignature></ownershipDocument>



</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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