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<S> <C> <C>
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FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 ----------------------------
OMB Number: 3235-0104
-------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Expires: December 31, 2001
Estimated average burden
Filed pursuant to Section 16(a) of the Securities Exchange hours per response.......0.5
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
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(Print or Type Responses)
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1. Name and Address of Reporting Person*
Petrocelli Santo
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(Last) (First) (Middle)
c/o Petrocelli Communications, 22-09 Bridge Plaza North
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(Street)
Long Island City NY 11101
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
July 22, 1998
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3. IRS Identification Number of Reporting Person, if an entity (voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
FiberNet Telecom Group, Inc. FTGX
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director X 10% Owner
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Officer (give title below) Other (specify below)
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________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form Filed by One Reporting Person
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Form Filed by More Than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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Common Stock of FiberNet
Telecom Group, Inc., par
value $0.001 per share 6,700,000 I By SMFS, Inc., a Delaware Corporation
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Common Stock of FiberNet
Telecom Group, Inc., par
value $0.001 per share 118,753 I By Petrocelli Industries, Inc.,
a Delaware Corporation
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(Over)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one reporting person,
see Instruction 5(b)(v).
Potential persons who respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB
control number.
(Print or Type Responses)
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FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned
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<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock of By Petrocelli
FiberNet Telecom Industries,
Group, Inc., par Inc., a
Warrants to purchase value $0.001 per Delaware
shares of common stock 6/30/99 6/30/04 share. 141,666 $1.50 I Corporation
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Common Stock of By Petrocelli
FiberNet Telecom Industries,
Group, Inc., par Inc., a
Warrants to purchase value $0.001 per Delaware
shares of common stock 6/30/99 6/30/04 share. 78,377 $0.67 I Corporation
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Common Stock of
FiberNet Telecom
Group, Inc., par
Option to purchase value $0.001 per
shares of common stock 5/7/99 5/7/02 share. 190,000 $1.95 D
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Explanation of Responses:
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FORM 3 (continued)
SANTO PETROCELLI, SR. on behalf of himself
and as President, on behalf of SMFS, Inc.
and PETROCELLI INDUSTRIES, INC.
/s/ Santo Petrocelli, Sr. 9/11/00
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**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 is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
FORM 2164
Page 3
SEC 1473 (3-99)
NY/298651.1
