UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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).
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1. Name and Address of Reporting Person*
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
StorageNetworks, Inc.
(STOR)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
December/2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|Transaction | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Date | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |Year) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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| | | | | | | | | |
Common Stock | 12/21/00 | P | | 400 | A | $18.25 | | | |
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| | | | | | | | | |
Common Stock | 12/28/00 | S | | 400 | D | $21.1875 | 01 | 01 | 01 |
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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
4(b)(v).
FORM 4 (continued)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |of | |
|Conver- | | | 5. | |7. | |ative |Deriv-|11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur-|of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans-| Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct|direct|
|Price |Trans- |action| or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or|Bene- |
1. |of |action |Code | of (D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr| (Instr. 3, |-----------------| |or |Secur- |of |direct|Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------| ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr|(Instr|
(Instr. 3) |ity |Year) |Code|V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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Stock Option | | | | | | | | | | | | | | |
(right to buy) | $8.00 | | | | | | 02 |01/27/10|Common Stock | 25,000 | | 25,000 | 02 | 02 |
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Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners III, L.P. ("GS Capital
III"), GS Capital Partners III Offshore, L.P. ("GS Offshore"), GS Capital
Partners III Germany Civil Law Partnership ("GS Germany"), Stone Street Fund
1999, L.P. ("1999 Stone", and together with GS Capital III, GS Offshore, and GS
Germany, the "Limited Partnerships"), Stone Street 1999, L.L.C. ("Stone GP"), GS
Advisors III, L.L.C. ("GS Advisors"), Goldman, Sachs & Co. oHG ("GS oHG"),
Goldman, Sachs & Co. ("Goldman Sachs"), and The Goldman Sachs Group, Inc. ("GS
Group" and, together with GS Capital III, GS Offshore, GS Germany, 1999 Stone,
Goldman Sachs, GS Advisors, GS oHG and Stone GP, the "Reporting Persons"). The
principal business address of each of GS Capital III, 1999 Stone, Stone GP, GS
Advisors, Goldman Sachs and GS Group is 85 Broad Street, New York, New York,
10004. The principal business address of GS Offshore is c/o Maples and Calder,
P.O. Box 309, Grand Cayman, Cayman Islands. The principal business address of
each of GS Germany and GS oHG is MesseTurm, 60308 Frankfurt am Main, Germany.
Explanation of Responses:
01: The securities reported herein as purchased and sold were purchased and sold
and were owned directly by Goldman Sachs and may be deemed to have been
beneficially owned indirectly by GS Group. Without admitting any legal
obligation, Goldman Sachs will remit appropriate profits, if any, to the
Company. The Reporting Persons, other than Goldman Sachs and GS Group, disclaim
beneficial ownership of the securities owned directly by Goldman Sachs.
Goldman Sachs and GS Group may be deemed to own beneficially and indirectly, in
aggregate, 11,087,447 shares of Common Stock through the Limited Partnerships of
which affiliates of Goldman Sachs and GS Group are the general partner or
managing partner. Pursuant to a Voting Trust Agreement, the Limited Partnerships
have placed the shares in a voting trust with United States Trust Company of New
York, as voting trustee (the "Voting Trustee"), pursuant to which the Voting
Trustee has been given the power to exercise the voting rights of such shares.
Goldman Sachs is the investment manager of GS Capital III, GS Offshore and GS
Germany. Goldman Sachs is an indirect wholly-owned subsidiary of GS Group.
Goldman Sachs and GS Group each disclaim beneficial ownership of the shares of
Common Stock owned by the Limited Partnerships except to the extent of their
pecuniary interest therein.
GS Capital III and its general partner, GS Advisors, may be deemed to own
beneficially and indirectly 8,057,023 shares of Common Stock. GS Advisors
disclaims beneficial ownership of the securities reported herein except to the
extent of its pecuniary interest therein.
GS Offshore and its general partner, GS Advisors, may be deemed to own
beneficially and indirectly 2,214,972 shares of Common Stock. GS Advisors
disclaims beneficial ownership of the securities reported herein except to the
extent of its pecuniary interest therein.
GS Germany and its managing partner, GS oHG, may be deemed to own beneficially
and indirectly 371,954 shares of Common Stock. GS oHG disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
1999 Stone and its general partner, Stone GP, may be deemed to own beneficially
and indirectly 443,498 shares of Common Stock. Stone GP disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
02: These options were granted pursuant to the Issuer's Amended and Restated
1998 Stock Incentive Plan to a director of the Issuer, who is a managing
director of Goldman Sachs (the "Director"). Goldman Sachs is an indirect
wholly-owned subsidiary of GS Group. These options are immediately exercisable
in full, subject to the Issuer's right to repurchase a percentage of any shares
of Common Stock issued upon exercise of these options ("Shares"), as follows: If
the Director ceases to be either an employee, officer or director of the Issuer
prior to 01/26/01, the Issuer has the right to repurchase 100% of the Shares. If
the Director ceases to be either an employee, officer or director of the Issuer
at any time during the 12 month period between 01/26/01 and 01/26/02, the Issuer
has the right to repurchase 50% of the Shares. These repurchase rights of the
Issuer terminate in any event upon certain acquisition events of the Issuer or
upon the death or disability of the Director. The Director has an understanding
with GS Group pursuant to which he holds such options for the benefit of GS
Group.
**Signatures:
GOLDMAN, SACHS & CO.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, INC.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS III, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS III OFFSHORE, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS III GERMANY CIVIL LAW PARTNERSHIP
(with limitation of liability)
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS III, L.L.C.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. oHG
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET FUND 1999, L.P.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET 1999, L.L.C.
By: s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Date: January 10, 2001
** 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 procedures.
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.