FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

WC CAPITAL MANAGEMENT LLC 		2. Issuer Name and Ticker or Trading Symbol

FIBERNET TELECOM GROUP INC [ FTGX ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

300 DRAKES LANDING RD, STE 230 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/17/2009
(Street)

GREENBRAE, CA 94904
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

3/19/2009 
6. Individual or 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
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   3/17/2009     A    1700   A $9.90   1481163   I   See Notes   (1) (2) (3)
Common Stock   3/17/2009     A    100   A $9.89   1481263   I   See Notes   (1) (2) (3)
Common Stock   3/17/2009     A    100   A $9.88   1481363   I   See Notes   (1) (2) (3)
Common Stock   3/17/2009     A    100   A $9.86   1481463   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $10.70   1481963   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $10.6989   1482463   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $10.1677   1482963   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $10.05   1483463   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $10.00   1483963   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $9.90   1484463   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    1500   A $9.898   1485963   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $9.8971   1486463   I   See Notes   (1) (2) (3)
Common Stock   3/18/2009     A    500   A $9.89   1486963   I   See Notes   (1) (2) (3)
Common Stock   3/19/2009     A    500   A $10.494   1487463   I   See Notes   (1) (2) (3)
Common Stock   3/19/2009     A    500   A $10.484   1487963   I   See Notes   (1) (2) (3)
Common Stock   3/19/2009     A    500   A $10.492   1488463   I   See Notes   (1) (2) (3)
Common Stock   3/19/2009     A    500   A $10.50   1488963   I   See Notes   (1) (2) (3)
Common Stock   3/19/2009     A    500   A $10.6948   1489463   I   See Notes   (1) (2) (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The securities reported as beneficially owned by WC Capital Management, LLC, a California limited liability company ("WC"), on this Form 4 include securities also beneficially owned by Aaron H. Braun and Willow Creek Capital Partners, L.P. (the "Partnership", and collectively with WC and Mr. Braun, the "Filers"). WC is the general partner and investment adviser of investment limited partnerships, including the Partnership, and the investment adviser to other accounts. Mr. Braun is the manager and controlling owner of WC.
( 2)  These securities are held directly by the investment limited partnerships of which WC is general partner and investment adviser, including the Partnership, and the other accounts of which it is investment adviser, for the benefit of the investors in those partnerships and accounts.
( 3)  WC is filing this Form 4 on behalf of itself and the other Filers. The Filers are filing this Form 4 jointly, but not as a group, and each of them expressly disclaims membership in a group within the meaning of rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended. Each of Mr. Braun and WC disclaims beneficial ownership of these securities except to the extent of that Filer's pecuniary interest therein. In addition, the filing of this Form 4 on behalf of the Partnership should not be construed as an admission that it is, and it disclaims that it is, the beneficial owner, as defined in rule 13d-3 under the Securities Exchange Act of 1934, as amended, of any of these securities.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WC CAPITAL MANAGEMENT LLC
300 DRAKES LANDING RD
STE 230
GREENBRAE, CA 94904
X


Signatures
WC Capital Management LLC, by Aaron Braun, Manager 3/20/2009
** Signature of Reporting Person Date


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).
** 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.
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.
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