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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
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Prism Solutions, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
742947104
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 742947104 13G Page 2 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JMI Equity Fund, L.P.
76-0367611
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 732,284 shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 732,284 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,284 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5% based on September 1996 10Q
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 742947104 13G Page 3 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JMI Partners
76-0367609
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 732,284 shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 732,284 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,284 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5% based on September 1996 10Q
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 742947104 13G Page 4 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry S. Gruner
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 732,284 shares
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 732,284 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,284 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5% based on September 1996 10Q
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 742947104 13G Page 5 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Noell
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 732,284 shares
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 732,284 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,284 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5% based on September 1996 10Q
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 742947104 13G Page 6 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anthony Moores
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0 shares
-------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 732,284 shares
-------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0 shares
-------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 732,284 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,284 shares
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5% based on September 1996 10Q
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 742947104 13G Page 7 of 7
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norris van den Berg
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES 20,000 shares
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 732,284 shares
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 20,000 shares
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 732,284 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
752,284 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7% based on September 1996 10Q
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
ITEM l(a). NAME OF ISSUER: Prism Solutions, Inc.
ITEM l(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1000 Hamlin Court
Sunnyvale, CA 94089
ITEM 2(a). NAMES OF PERSONS FILING: JMI Equity Fund, L.P. ("JMI"), JMI
Partners, L.P. ("JMI Partners"), which is the sole general
partner of JMI, and Messrs. Harry S. Gruner ("Gruner"), Anthony
Moores ("Moores"), Charles Noell ("Noell") and Norris van den
Berg ("van den Berg") (the "General Partners"). Gruner, Moores,
Noell and van den Berg are individual general partners of JMI
Partners. The persons named in this paragraph are referred to
individually herein as a "Reporting Person" and collectively as
the "Reporting Persons".
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The
address of the principal business office of the Reporting Persons
is JMI, Inc., 1119 St. Paul Street, Baltimore, Maryland 21202.
ITEM 2(c). CITIZENSHIP: Each of JMI and JMI Partners is a limited
partnership organized under the laws of the State of Delaware.
Each of the General Partners is a United States citizen.
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.001 par value per
share.
ITEM 2(e). CUSIP NUMBER: 742947104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-l(b). OR
13d-2(b). CHECK WHETHER THE PERSON FILING AS A:
(a) [] Broker or dealer registered under
Section 15 of the Securities Exchange
Act of 1934 (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) [] Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940.
(f) [] Employee Benefit Plan, Pension Fund
which is subject to the provisions of
the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule
13d-l(b)(1)(ii)(F) of the Act.
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(g) [] Parent Holding Company, in accordance
with Rule 13d-l(b)(ii)(G) of the Act.
(h) [] Group, in accordance with Rule
13d-l(b)(1)(ii)(H) of the Act.
Not applicable. This Schedule 13G is not being filed pursuant to Rule 13d-l(b)
or 13d-2(b).
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: JMI is the record owner of 732,284 shares (the
"Record Shares") as of December 31, 1996. As the general partner of JMI,
JMI Partners may be deemed to own beneficially the Record Shares. As the
general partners of JMI Partners, the sole general partner of JMI, each of
the General Partners may also be deemed to own beneficially the Record
Shares. Therefore, JMI, JMI Partners and each of the General Partners may
be deemed to own beneficially 732,284 shares.
(b) Percent of Class: Each Reporting Person, except Norris van den Berg: 5.5%.
Norris van den Berg: 5.7%. The foregoing percentage is calculated based
on the 13,252,043 shares of Common Stock reported to be outstanding at
November 7, 1996 in the most recent Form 10Q of Prism Solutions, Inc., as
adjusted pursuant to Rule 13d-3(d)(1).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares for each
Reporting Person.(1)
(ii) shared power to vote or to direct the vote: 732,284 for each
Reporting Person.
(iii) sole power to dispose or to direct the disposition of: 0 shares for
each Reporting Person.(1)
(iv) shared power to dispose or to direct the disposition of: 732,284
for each Reporting Person.
Each Reporting Person disclaims beneficial ownership of such shares of Common
Stock, except in the case of JMI, for the 732,284 shares it holds of record.
(1) Except for Norris van den Berg who in addition to the shares owned
beneficially by all general partners of JMI Partners, L.P., may be deemed to
beneficially own 20,000 shares of Common stock which are currently
exercisable over which he would have sole power to vote or direct the vote
and sole power to dispose.
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT 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.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable. The Reporting Persons expressly disclaim
membership in a "group" as used in Rule 13d-l(b)(ii)(H).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-l(b).
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EXHIBIT 99.1
AGREEMENT
Pursuant to Rule 13d-1 (f)( 1 ) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Prism Solutions, Inc.
EXECUTED as a sealed instrument this 13th day of February, 1997.
JMI EQUITY FUND, L.P.
By: JMI PARTNERS, L.P.
By: /s/ Harry S. Gruner
--------------------------
General Partner
JMI PARTNERS, L.P.
By: /s/ Harry S. Gruner
-----------------------------
General Partner
/s/ Harry S. Gruner
- --------------------------------
Harry S. Gruner
/s/ Anthony Moores
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Anthony Moores
/s/ Charles Noell
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Charles Noell
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Norris van den Berg
