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 * Dauber Yoseph   2. Issuer Name and Ticker or Trading Symbol MAGICJACK VOCALTEC LTD [CALL] 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) 12 BENNY GAON STREET, BUILDING 2B, POLEG INDUSTRIAL AREA 3. Date of Earliest Transaction (Month/Day/Year) 05/10/2012 (Street) NETANYA, L3 42504 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 Ordinary Shares 05/10/2012   M   6,154 A $ 14.825 16,154 D   Ordinary Shares 05/10/2012   M   3,446 A $ 8.27 19,600 D   Ordinary Shares 05/10/2012   M   14,000 A $ 0.7125 33,600 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 (right to buy)

$ 14.825

05/10/2012

M

6,154

(1)

12/25/2012

Ordinary Shares

6,154

$ 0

0

D

Employee Stock Options (right to buy)

$ 8.27

05/10/2012

M

3,446

(2)

04/11/2014

Ordinary Shares

3,446

$ 0

0

D

Employee Stock Options (right to buy)

$ 0.7125

05/10/2012

M

14,000

(3)

10/16/2015

Ordinary Shares

14,000

$ 0

2,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Dauber Yoseph 12 BENNY GAON STREET, BUILDING 2B POLEG INDUSTRIAL AREA NETANYA, L3 42504	X

Signatures

/s/ Peter Russo, attorney-in-fact		05/15/2012
**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 option originally vested quarterly in 16 equal installments beginning on March 25, 2006 and were fully vested.
(2)	The option originally vested quarterly in 16 equal installments beginning on July 11, 2007 and were fully vested.
(3)	The option vests in 16 equal quarterly installments beginning January 16, 2009 through October 16, 2012. The first 14 installments have already vested and were exercised on May 10, 2012.
Remarks: Exhibit List: Exhibit 24 - Power of Attorney by Yoseph Dauber (incorporated herein by reference to Exhibit 24 to Form 3 filed by Yoseph Dauber on January 3, 2012).

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