4 1 ecp-neonform4.txt FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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(f) of the Investment Company Act of 1940 |_| Check this box if no OBM APPROVAL longer subject to Section OBM Number: 3235-0287 16. Form 4 or Form 5 Expires: December 31, 2001 obligations may continue. Estimated average burden hours See Instruction 1(b). per response..........0.5 (Print or Type Responses) -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person * ECP Telecommunications Holdings, LLC -------------------------------------------------------------------------------- (Last) (First) (Middle) 2751 Centerville Road, Suite 3203 -------------------------------------------------------------------------------- (Street) Wilmington DE 19808 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Neon Communications Inc. (NOPT) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year January 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [X] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [_] Form filed by one Reporting Person [X] Form filed by more than one Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. 2. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of Transaction Code ------------------------------- Owned at End (D) or Indirect 1. Date (Instr. 8) (A) of Month Indirect Beneficial Title of Security (Month/Day/ ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) Year) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------- Common Stock 1/25/02 S 15,000 D $.58 D ----------- -------------------------------------------------------------------------------------------------------------- Common Stock 1/28/02 S 5,000 D $.55 D ------------------------------------------------------------------------------------------------------------------------- ~~====================================================================================================================================~~Common ~~Reminder:~~Stock ~~Report~~1/28/02 onS a10,000 ~~separate~~D ~~line~~$.53 ~~for~~D ~~each~~------------------------------------------------------------------------------------------------------------------------- ~~class~~Common ofStock ~~securities~~1/28/02 ~~beneficially~~S ~~owned~~10,000 ~~directly~~D ~~or indirectly~~$.52 *D If------------------------------------------------------------------------------------------------------------------------- ~~the~~Common ~~form~~Stock is1/28/02 ~~filed~~S ~~by more than one reporting person~~25,000 ~~see~~D ~~instruction 4(b)(v)~~$.49 ~~Potential~~D ~~persons~~------------------------------------------------------------------------------------------------------------------------- ~~who~~Common ~~are~~Stock to1/29/02 ~~respond~~S to25,000 ~~the~~D ~~collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number~~$.50 ~~(Over)~~D ~~SEC 1474 (3~~-~~99) Page 1 of 3~~------------------------------------------------------------------------------------------------------------------------

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). 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 control number. (Over) SEC 1474 (3-99) Page 1 of 4

106. 94. ~~Owner- Number ship of Form 2. Deriv- of Conver-~~ 5. ~~7. ative Deriv~~Owner- ~~11.~~Securities ~~sion~~Acquired ~~Number~~(A) ofor ~~Title and~~ Amount ~~Secur- ative Nature or Derivative 6.~~ of ~~Underlying~~ship 83. ~~ities~~Disposed ~~Secur-~~ of ~~Exer-~~(D) 4. Securities ~~Date Securities Price Bene- ity~~Form: ~~In-~~7. ~~cise 3~~2. ~~Trans-~~Transaction ~~Acquired~~ (~~A) Exercisable and (~~Instr. 3, 4 and 45) ofBeneficially ~~ficially~~ Direct ~~direct~~Nature ~~Price~~of ~~Trans-~~Transaction ~~action~~Code ~~or Disposed Expiration Date~~ ---------------- ~~Deriv~~- ~~Owned (D) or Bene~~- ~~1. of action Code of(D) (Month/Day/Year) Amount ative at End In~~- ~~ficial Title of Deriv~~- ~~Date (Instr. (Instr. 3,~~ -----------~~-----~~ orOwned ~~Secur-~~at ofEnd ~~direct~~(D) ~~Owner-~~or ~~Derivative~~Indirect ~~ative~~1. Date (~~Month/~~Instr. 8) ~~4 and 5~~(A) ~~Date~~of ~~Expira-~~Month ~~Number~~Indirect ~~ity~~Beneficial ~~Month~~Title ~~(I)~~of ~~ship~~ Security ~~Secur-~~ (Month/Day/ ------ ------~~------~~ ~~Exer-~~Amount ~~tion~~or ofPrice (Instr. ~~(Instr.~~3 (~~Instr.~~I) ~~(Instr.~~Ownership (Instr. 3) ~~ity~~ Year) Code V (~~A) (~~D) ~~cisable~~and ~~Date Title Shares 5)~~ 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------- Common Stock 1/29/02 S 10,000 D $.38 D ----------- ~~18% Subordinated Convertible Note $5.00 8~~-10-~~01 P 2,404,650 Immed. 8~~-10-08---------------------------------------------------------------------------------------------------------- Common ~~2,404,650~~Stock ~~$11,500,000 2,404,650 I (~~1~~)(3)~~/29/02 ~~Due~~S ~~2008~~10,000 ~~Stock~~D ~~(2)~~$.42 ~~(2)~~D ------------------------------------------------------------------------------------------------------------------------- Common Stock 1/29/02 S 5,000 D $.40 D ------------------------------------------------------------------------------------------------------------------------- ~~====================================================================================================================================~~Common ~~Explanation~~Stock ~~of Responses: (~~1)/29/02 ~~Effective~~S ~~August 11~~10,000 ~~2001,~~D ~~the~~$.37 ~~Reporting~~D ~~Person~~------------------------------------------------------------------------------------------------------------------------- ~~transferred~~Common ~~its~~Stock ~~interest~~1/30/02 inS ~~these securities to ECP Telecommunications Holdings~~10,000 ~~LLC,~~D a$.35 ~~wholly~~D -~~owned~~------------------------------------------------------------------------------------------------------------------------ ~~subsidiary~~Common ofStock ~~the~~1/30/02 ~~Reporting~~S ~~Person~~40,000 ~~pursuant~~D ~~to a corporate restructuring in order to meet certain regulatory compliance requirements~~$.33 ~~The~~D ~~Reporting~~------------------------------------------------------------------------------------------------------------------------- ~~Person's~~Common ~~pecuniary~~Stock ~~interest~~1/30/02 inS ~~these securities was not changed. (2) Amount includes 2~~10,~~300,~~000 ~~shares~~D ~~issuable~~$.38 ~~upon~~D ~~conversion~~------------------------------------------------------------------------------------------------------------------------- ofCommon ~~the~~Stock ~~entire~~1/31/02 ~~principle~~S ~~of the convertible note and 104~~15,~~650~~000 ~~shares~~D ~~issuable upon conversion of accrued interest and for interest to be accrued for sixty days from the date of this filing~~$.44 ~~(3)~~D ~~These~~------------------------------------------------------------------------------------------------------------------------- ~~shares~~Common ~~are~~Stock ~~also~~1/31/02 ~~indirectly~~S ~~owned~~15,000 byD ~~Exelon Corporation~~$.37 ~~The~~D ~~Reporting~~------------------------------------------------------------------------------------------------------------------------- ~~Person~~Common isStock a1/31/02 ~~indirectly~~S ~~wholly-owned~~2,500 ~~subsidiary~~D ~~of Exelon Corporation~~$.39 ~~Exelon Corporation became the parent corporation of PECO Energy Company in October~~1,913,643 ~~2000.~~D ~~The Reporting Person's former name was Exelon Venture Corp.~~-------------------------------------------------------------------------------------------------------------------------

Page 2 of 4 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: ** 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. ECP Telecommunications Holdings, LLC By: /s/ John C. Halderman February 8, 2002 -------------------------------------- ----------------------------------- Name: John C. Halderman Date Title: Secretary Potential persons who are to respond to the collection of information contained in this 4 form are not required to respond unless the form displays a currently valid OMB Number. Page 3 of 4 JOINT FILER INFORMATION Name: Exelon Corporation Address: 10 S. Dearborn Street 37th Floor Chicago, IL 60690 Designated Filer: ECP Telecommunications Holdings, LLC Issuer and Ticker Symbol: NEON Communications, Inc. (NOPT) Statement for Month/Year: January, 2002 Exelon Corporation By: /s/ Scott N. Peters February 8, 2002 ------------------------ ---------------- Date Name: Scott N. Peters Title: Assistant Secretary Page 4 of 4

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