SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. __) StorageNetworks, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 86211E 10 3 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2000 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) --------------------- ----------------- CUSIP NO. 86211E 10 3 Page 2 of 6 Pages --------------------- ----------------- - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Peter W. Bell - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States of America - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 0* shares SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 3,664,914* shares OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 0* shares PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 3,644,914* shares - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 5,664,914** shares - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 5.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IN - ------------------------------------------------------------------------------ * Excludes 2,000,000 shares held by PB Blind Trust. ** Includes 2,000,000 shares held PB Blind Trust and 3,664,914 shares held by PWB Limited Partnership. PWB Limited Partnership is the settlor and sole beneficiary of PB Blind Trust. PWB LLC is the general partner of PWB Limited Partnership, and Mr. Bell is a manager and the sole member of PWB LLC. 2 --------------------- ----------------- CUSIP NO. 86211E 10 3 Page 3 of 6 Pages --------------------- ----------------- ITEM 1(A). NAME OF ISSUER: StorageNetworks, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 100 Fifth Avenue, Waltham, Massachusetts 02451 ITEM 2(A). NAME OF PERSON FILING: Peter W. Bell ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 100 Fifth Avenue, Waltham, Massachusetts 02451 ITEM 2(C). CITIZENSHIP: United States of America ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(E). CUSIP NUMBER: 86211E 10 3 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS: (a) [ ] Broker or dealer registered under Section 15 of the Act (b) [ ] Bank as defined in Section 3(a)(6) of the Act (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) 3 --------------------- ----------------- CUSIP NO. 86211E 10 3 Page 4 of 6 Pages --------------------- ----------------- (g) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (h) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (i) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J) ITEM 4. OWNERSHIP: Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially owned as of December 31, 2000: 5,664,914* shares (b) Percent of class: 5.9% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0** shares (ii) Shared power to vote or to direct the vote: 3,664,914** shares (iii) Sole power to dispose or to direct the disposition of: 0** shares (iv) Shared power to dispose or to direct the disposition of: 3,664,914** shares * Includes 2,000,000 shares held PB Blind Trust and 3,664,914 shares held by PWB Limited Partnership. PWB Limited Partnership is the settlor and sole beneficiary of PB Blind Trust. PWB LLC is the general partner of PWB Limited Partnership, and Mr. Bell is a manager and the sole member of PWB LLC. ** Excludes 2,000,000 shares held by PB Blind Trust. 4 --------------------- ----------------- CUSIP NO. 86211E 10 3 Page 5 of 6 Pages --------------------- ----------------- Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable Item 6. OWNERSHIP OF MORE THAN FIVE PRECENT ON BEHALF OF ANOTHER PERSON: Not applicable Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON: Not applicable Item 8. IDENTIFICATION OF MEMBERS OF THE GROUP: Not applicable Item 9. NOTICE OF DISSOLUTION OF A GROUP: Not applicable Item 10. CERTIFICATIONS: Not applicable 5 --------------------- ----------------- CUSIP NO. 86211E 10 3 Page 6 of 6 Pages --------------------- ----------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Peter W. Bell ----------------- Name February 14, 2001 ----------------- Date 6