Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Weller Harry R
  2. Issuer Name and Ticker or Trading Symbol
VONAGE HOLDINGS CORP [VG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1119 ST. PAUL STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2007
(Street)

BALTIMORE, MD 21202
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
Common Stock 03/01/2007   A   3,750 A $ 0 11,250 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
Director Stock Option (Right to Buy) $ 5.21 03/01/2007   A   3,750   06/01/2007(1) 03/01/2017 Common Stock 3,750 $ 0 3,750 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Weller Harry R
1119 ST. PAUL STREET
BALTIMORE, MD 21202
  X      

Signatures

 /s/ Louis S. Citron, attorney-in-fact   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) The options vest in equal quarterly installments over a period of twelve months beginning June 1, 2007.
 
Remarks:
In addition to the shares reported herein, (i) the Reporting Person holds a stock option granted on August 1, 2004 for 125,000 shares of Common Stock, a stock option granted on September 1, 2005 for 62,500 shares of Common Stock, a stock option granted on December 1, 2005 for 8,929 shares of Common Stock, a stock option granted on March 1, 2006 for 8,929 shares of Common Stock, a stock option granted on September 1, 2006 for 3,750 shares of Common Stock, and a stock option granted on December 1, 2006 for 3,750 shares of Common Stock, (ii) New Enterprise Associates 10, Limited Partnership ("NEA 10") owns (a) 21,092,317 shares of Common Stock and (b) a convertible note for $11,416,250 convertible at a rate of $14.22 per share of Common Stock and (iii) New Enterprise Associates 11, L.P. ("NEA 11") owns (a) 6,838,051 shares of Common Stock and (b) a convertible note for $3,805,416.67 convertible at a rate of $14.22 per share of Common Stock.  Also, NEA Ventures 2003, L.P. owns 21,428 shares of Common Stock of the Issuer as a result of the conversion of the Series B Preferred Stock.  The Reporting Person does not have voting nor dispositive powers over any such shares held by NEA 10, NEA 11, and NEA Ventures 2003, L.P.  The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of such portion of those shares in which the Reporting Person has no actual pecuniary interest therein.

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