5 1 doc1.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 5 ANNUAL 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 longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ( ) Form 3 Holdings Reported ( ) Form 4 Transactions Reported 1.NAME AND ADDRESS OF REPORTING PERSON Chandler Pete (Last) (First) (Middle) 430 4th Street (Street) Ogden Utah 84404 (City) (State) (Zip) NetAir.com, Inc. 2. ISSUER NAME AND TICKER OR TRADING SYMBOL 3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY) 12/31/2001 4. STATEMENT FOR MONTH/YEAR 5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR) 6. RELATIONSHIP OF REPORTING PERSON TO ISSUER (Check all applicable) ( X ) Director ( ) 10% Owner ( X ) Officer (give title below) ( ) Other (specify below) President / Director 7. INDIVIDUAL OF JOINT/GROUP FILING (CHECK APPLICABLE LINE) ( X ) Form Filed by One Reporting Person ( ) Form Filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

|-------------------------------| | Securities Acquired (A) | | Or Disposed of (D) | | (Instr. 3, 4 and 5) | ----------------------------------------------------------------------------------------------------------------------------- | | | | | | Amount of | | | | | | | | | Securities. . | Ownership | Nature | | | | | | | Beneficially. | Form: | of | | | | | | | Owned at End. | Direct (D) | Indirect | Title of. . | Transaction | Transaction | | (A) | | of Issuer's | or | Beneficial | Security. . | Date | Code | | or | | Fiscal Year | Indirect (I) | Ownership | (Instr. 3). | (m/d/y) | (Inst. 8) | Amount | (D) | Price | (Inst. 3 and 4) | (Instr. 4) | (Instr. 4) | ------------------------------------------------------------------------------------------------------------------------------ Common Stock | 0206/2119/0100 | JP |~~3,750,000~~ | DA | ~~$0.001~~ | 35,~~750,~~000 | D | | ------------------------------------------------------------------------------------------------------------------------------ | | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

/s/Pete Chandler 02/14/2002 ** Signature of Reporting Person Date **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 provided is insufficient, See Instruction 6 for procedure. Alternatively, this form is permitted to be submitted to the Commission in electronic format at the option of the reporting person pursuant to Rule 101(b)(4) of Regulation S-T.

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