FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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

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1. Name and Address of Reporting Person * GANEK JEFFREY   2. Issuer Name and Ticker or Trading Symbol NEUSTAR INC [NSR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman and CEO (Last) (First) (Middle) 46000 CENTER OAK PLAZA 3. Date of Earliest Transaction (Month/Day/Year) 03/01/2007 (Street) STERLING, VA 20166 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 03/01/2007   M   86,851 A $ 0.067 359,551 (1) (2) D   Class A Common Stock 03/01/2007   S   8,397 D $ 31.54 351,154 D   Class A Common Stock 03/01/2007   S   1,100 D $ 31.55 350,054 D   Class A Common Stock 03/01/2007   S   100 D $ 31.57 349,954 D   Class A Common Stock 03/01/2007   S   1,100 D $ 31.58 348,854 D   Class A Common Stock 03/01/2007   S   9,900 D $ 31.65 338,954 D   Class A Common Stock 03/01/2007   S   3,300 D $ 31.66 335,654 D   Class A Common Stock 03/01/2007   S   300 D $ 31.67 335,354 D   Class A Common Stock 03/01/2007   S   200 D $ 31.68 335,154 D   Class A Common Stock 03/01/2007   S   2,400 D $ 31.69 332,754 D   Class A Common Stock 03/01/2007   S   16,200 D $ 31.7 316,554 D   Class A Common Stock 03/01/2007   S   3,500 D $ 31.71 313,054 D   Class A Common Stock 03/01/2007   S   1,200 D $ 31.72 311,854 D   Class A Common Stock 03/01/2007   S   3,400 D $ 31.73 308,454 D   Class A Common Stock 03/01/2007   S   300 D $ 31.74 308,154 D   Class A Common Stock 03/01/2007   S   16,100 D $ 31.75 292,054 D   Class A Common Stock 03/01/2007   S   1,000 D $ 31.76 291,054 D   Class A Common Stock 03/01/2007   S   1,100 D $ 31.77 289,954 D   Class A Common Stock 03/01/2007   S   800 D $ 31.78 289,154 D   Class A Common Stock 03/01/2007   S   1,500 D $ 31.79 287,654 D   Class A Common Stock 03/01/2007   S   6,000 D $ 31.8 281,654 D   Class A Common Stock 03/01/2007   S   500 D $ 31.82 281,154 D   Class A Common Stock 03/01/2007   S   100 D $ 31.83 281,054 D   Class A Common Stock 03/01/2007   S   100 D $ 31.84 280,954 D   Class A Common Stock 03/01/2007   S   4,900 D $ 31.85 276,054 D   Class A Common Stock 03/01/2007   S   100 D $ 31.86 275,954 D   Class A Common Stock 03/01/2007   S   2,300 D $ 31.92 273,654 D   Class A Common Stock 03/01/2007   S   2,500 D $ 31.95 271,154 D   Class A Common Stock 03/01/2007   S   7,500 D $ 32 263,654 D   Class A Common Stock 03/01/2007   S   2,500 D $ 32.05 261,154 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Employee Stock Options

$ 0.067

03/01/2007

M

86,851

(3)

04/10/2010

Class A Common Stock

86,851

$ 0

614,462

D

Performance Share Units

$ 0

03/01/2007

A

46,880

01/01/2010

(4)

Class A Common Stock

(5)

$ 0

46,880

D

Employee Stock Options

$ 32.59

03/01/2007

A

82,630

(6)

03/01/2014

Class A Common Stock

82,630

$ 0

82,630

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GANEK JEFFREY 46000 CENTER OAK PLAZA STERLING, VA 20166	X		Chairman and CEO

Signatures

/s/ Martin K. Lowen, by power of attorney		03/05/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	This reported amount reflects a distribution of 11,546 and 8,354 shares of Class A Common Stock from the GRAT to the Reporting Person in October 2006 and January 2007, respectively.
(2)	Includes 2,800 shares that are subject to a restricted stock agreement under the NeuStar, Inc. 2005 Stock Incentive Plan, which provides that twenty-five percent of the shares vest on each of February 22, 2007, 2008, 2009 and 2010.
(3)	Immediately.
(4)	The performance share units terminate if the reporting person experiences a Termination (as defined in the NeuStar, Inc. 2005 Stock Incentive Plan) before January 1, 2010.
(5)	Upon vesting, the reporting person will be entitled to receive shares of Class A Common Stock, the amount of which is based on, and subject to, the achievement of certain revenue and EBITDA goals set forth in the Performance Award Agreement. The number of shares of Class A Common Stock, together with Dividend Equivalents (as defined in the NeuStar, Inc. 2005 Stock Incentive Plan) on such performance share units, that the reporting person will be entitled to receive will range from 0% to 150% of the number of shares of performance share units granted.
(6)	Twenty-five percent of the options vest on March 1, 2008, after which the remaining options vest in thirty-six monthly installments.
Remarks: Form 4 Filing 1 of 2: Related transactions by the Reporting Person on March 1, 2007 are reported on an additional Form 4. ***All of the sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.***

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