Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Lalljie Paul S
2. Date of Event Requiring Statement (Month/Day/Year)
01/15/2009
3. Issuer Name and Ticker or Trading Symbol
NEUSTAR INC [NSR]
(Last)
(First)
(Middle)
46000 CENTER OAK PLAZA
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President and CFO
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

STERLING, VA 20166
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Restricted Stock 330 (1)
D
 
Restricted Stock 8,210 (2)
D
 
Restricted Stock 20,000 (3)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options   (4) 06/22/2014 Class A Common Stock 2,624 $ 6.25 D  
Employee Stock Options   (5) 06/28/2015 Class A Common Stock 3,281 $ 22 D  
Employee Stock Options   (6) 08/01/2015 Class A Common Stock 271 $ 27.85 D  
Employee Stock Options   (7) 08/01/2015 Class A Common Stock 12,229 $ 27.85 D  
Employe Stock Options   (8) 02/22/2013 Class A Common Stock 4,500 $ 30.2 D  
Employee Stock Options   (9) 03/01/2014 Class A Common Stock 4,400 $ 32.59 D  
Performance Share Units 01/01/2010   (10) Class A Common Stock 2,200 $ 0 D  
Employee Stock Options   (11) 02/22/2015 Class A Common Stock 10,000 $ 26.38 D  
Performance Share Units 01/01/2011   (12) Class A Common Stock 3,080 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lalljie Paul S
46000 CENTER OAK PLAZA
STERLING, VA 20166
      Senior Vice President and CFO  

Signatures

/s/ Martin K. Lowen, by power of attorney 01/23/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 50% of the shares will vest on February 22, 2009 with the remaining shares vesting on February 22, 2010.
(2) Thirty-three percent of the shares vest on November 12, 2009 with the remaining shares vesting on May 12, 2011.
(3) The shares will vest in full on January 1, 2012.
(4) Immediately.
(5) 2,344 options are immediately exercisable with the remaining options vesting in monthly installments through June 2009.
(6) 226 options are immediately exercisable with the remaining options vesting in monthly installments through August 2009.
(7) 10,191 options are immediately exercisable with the remaining options vesting in monthly installments through August 2009.
(8) 3,188 options are immediately exercisable with the remaining options vesting in monthly installments through February 2010.
(9) 1,925 options are immediately exercisable with the remaining options vesting in monthly installments through March 2011.
(10) 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.
(11) Twenty-five percent of the options are exercisable on the one-year anniversary with the remaining options becoming exercisable in thirty-six monthly installments beginning thereafter.
(12) 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, 2011.

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