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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)
*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).
(Continued on following page(s))
Page 1 of Pages
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CUSIP No. 742947104 13G Page 2 of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
JMI Partners 76-0367609
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (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 Shares (5) Sole Voting
Beneficially Power 0
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 732,284
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(7) Sole Dispositive
Power 0
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(8) Shared Dispositive
Power 732,284
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
732,284
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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)
5.0% based on October 1997 10Q/A
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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 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
JMI Equity Fund, L.P. 76-0367611
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (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 Shares (5) Sole Voting
Beneficially Power 0
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 732,284
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(7) Sole Dispositive
Power 0
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(8) Shared Dispositive
Power 732,284
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
732,284
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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)
5.0% based on October 1997 10Q/A
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(12) Type of Reporting Person*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 742947104 13G Page 4 of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Charles E. Noell ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (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 Shares (5) Sole Voting
Beneficially Power 0
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 732,284
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(7) Sole Dispositive
Power 0
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(8) Shared Dispositive
Power 732,284
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
732,284
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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)
5.0% based on October 1997 10Q/A
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(12) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 742947104 13G Page 5 of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Harry S. Gruner ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (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 Shares (5) Sole Voting
Beneficially Power 0
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 732,284
--------------------------------------------------
(7) Sole Dispositive
Power 0
--------------------------------------------------
(8) Shared Dispositive
Power 732,284
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
732,284
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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)
5.0% based on October 1997 10Q/A
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(12) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 742947104 13G Page 6 of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Norris van den Berg ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (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 Shares (5) Sole Voting
Beneficially Power 30,000
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 732,284
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(7) Sole Dispositive
Power 30,000
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(8) Shared Dispositive
Power 732,284
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
762,284
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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)
5.2% based on October 1997 10Q/A
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(12) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 742947104 13G Page 7 of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Anthony Moores ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (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 Shares (5) Sole Voting
Beneficially Power 0
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 732,284
--------------------------------------------------
(7) Sole Dispositive
Power 0
--------------------------------------------------
(8) Shared Dispositive
Power 732,284
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
732,284
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
5.0% based on October 1997 10Q/A
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 8 of Pages
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ITEM 1(a). NAME OF ISSUER:
Prism Solutions, Inc.
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ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1000 Hamlin Court
Sunnyvale, CA 94089
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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".
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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.
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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.
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ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value per share.
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ITEM 2(e). CUSIP NUMBER:
742947104
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(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-1(b)(1)(ii)(F) of the Act.
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Page 9 of Pages
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(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G) of
the Act.
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of the Act.
Not applicable. This Schedule 13G is not being filed pursuant to Rule
13d-1(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, 1997. 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:
5.0%. Norris van den Berg: 5.2%. The foregoing percentage is calculated
based on the 14,737,585 shares of Common Stock reported to be
outstanding at October 30, 1997 in the most recent Form 10Q/A 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 30,000 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-1(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-1(b).
