================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 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(h) of the Investment Company Act of 1940 |_| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print of Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Schulhof, Michael P. -------------------------------------------------------------------------------- (Last) (First) (Middle) 375 Park Avenue, Suite 1506 -------------------------------------------------------------------------------- (Street) New York NY 10152 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol j2 Global Communications, Inc. (Nasdaq: JCOM) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) ________________________________________________________________________________ 4. Statement for Month/Day/Year 2/10/03 and 2/11/03 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |X| Director |_| 10% Owner |_| Officer (give title below) |_| Other (specify below) ____________________________________________________________________ ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable line) |X| Form Filed by One Reporting Person |_| Form Filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ================================================================================ 5. Amount of 6. 4. Securities Owner- Securities Acquired (A) or Beneficially ship 2A. 3. Disposed of (D) Owned Form: 7. 2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of Trans- Execution Code ------------------------------- Reported (D) or Indirect 1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security Date any ------------ or (Instr. 3 & (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, $0.01 par value 2/10/03 S 17,300(1) D $20.68 ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, $0.01 par value 2/11/03 S 99,575(1) D $20.97 0 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== FORM 4 (continued) ================================================================================ TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ================================================================================ 9. Number 10. of Owner- deriv- ship ative Form 2. Secur- of Conver- 5. 7. ities Deriv- 11. sion Number of Title and Amount Bene- ative Nature or Derivative 6. of Underlying 8. ficially Secur- of Exer- 3A. 4. Securities Date Securities Price Owned ity: In- cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Warrant Stock (right $0.01 par to buy) $7.20 2/10/03 X 17,300 IMMED 1/1/07 value 17,300 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Warrant Stock (right $0.01 par to buy) $7.20 2/11/03 X 87,700 IMMED 1/1/07 value 87,700 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $6.88 2/11/03 X 6,250 IMMED 7/12/10 value 6,250 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 2/11/03 X 2,500 IMMED 12/28/11 value 2,500 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 2/11/03 X 3,125 IMMED 12/28/11 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $6.88 7/12/03 7/12/10 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $6.88 7/12/04 7/12/10 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 3/28/03 12/28/11 value 2,500 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 3/28/04 12/28/11 value 2,500 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 3/28/05 12/28/11 value 2,500 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 12/28/03 12/28/11 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 12/28/04 12/28/11 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $3.75 12/28/05 12/28/11 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $14.10 6/25/03 6/25/12 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $14.10 6/25/04 6/25/12 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $14.00 6/25/05 6/25/12 value 3,125 N/A(2) D ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock purchase $0.01 par Common Stock $14.10 6/25/06 6/25/12 value 3,125 N/A(2) D ==================================================================================================================================== Explanation of Responses: (1) These shares were acquired upon exercise of stock options and warrants identified as exercised in part II of this Form 4. (2) Granted for services rendered, no value placed on services rendered. /s/ Michael P. Schulhof 2/12/03 --------------------------------------------- ----------------------- **Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Page 3