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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.___)*
Advance ParadigM, Inc.
----------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
007491103
---------
(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 cover 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).
Page 1 of 21 pages
CUSIP No. 007491103 13G Page 2 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Limited Partnership
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
117,000
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 973,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 117,000
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
973,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 21 pages
CUSIP No. 007491103 13G Page 3 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Limited Partnership, C.V.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
973,750
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 117,000
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 973,750
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
117,000
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 21 pages
CUSIP No. 007491103 13G Page 4 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Management L.P.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 21 pages
CUSIP No. 007491103 13G Page 5 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Management, N.V.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 973,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
973,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
973,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.5%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 21 pages
CUSIP No. 007491103 13G Page 6 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Partners L.P.
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 21 pages
CUSIP No. 007491103 13G Page 7 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 21 pages
CUSIP No. 007491103 13G Page 8 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 21 pages
CUSIP No. 007491103 13G Page 9 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen L. Green
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
15,500
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 15,500
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,106,250
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.2%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 21 pages
CUSIP No. 007491103 13G Page 10 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deepak Kamra
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 21 pages
CUSIP No. 007491103 13G Page 11 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 21 pages
CUSIP No. 007491103 13G Page 12 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Migliorino
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 21 pages
CUSIP No. 007491103 13G Page 13 of 21 Pages
- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
- ----------------------- ----- --------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----- --------------------------------------------------
----- --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,090,750
----- --------------------------------------------------
----- --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- --------------------------------------------------
----- --------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,090,750
- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,090,750
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------ -------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 21 pages
ITEM 1 (A). NAME OF ISSUER:
Advance ParadigM, Inc.
ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
545 E. John Carpenter Freeway, Suite 1900
Irving, TX 75062
ITEM 2 (A). NAME OF PERSON FILING:
This statement is filed by Canaan Capital Limited Partnership, a
Delaware limited partnership, ("Canaan Capital"), Canaan Capital
Offshore Limited Partnership C.V., a Netherlands Antilles limited
partnership, ("Canaan Capital Offshore"), Canaan Capital Management
L.P. , a Delaware limited partnership, ("Canaan Capital Management"),
Canaan Capital Offshore Management, N.V., a Netherlands Antilles
corporation, ("Canaan Corporation"), Canaan Capital Partners L.P., a
Delaware limited partnership, ("Canaan Partners") and Harry T. Rein,
James J. Fitzpatrick, Deepak Kamra, Stephen L. Green, Gregory
Kopchinsky, Robert J. Migliorino, and Eric A. Young (collectively,
the "Partners"). Canaan Capital Management (which serves as the sole
general partner of Canaan Capital and one of the two general partners
of Canaan Capital Offshore), Canaan Corporation (which serves as the
other general partner of Canaan Capital Offshore), Canaan Partners
(which serves as the general partner of Canaan Capital Management),
and the Partners (who serve as general partners of Canaan Partners),
are collectively referred to as the "Reporting Persons" in this
Schedule 13G.
ITEM 2 (B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Except in the case of Canaan Capital Offshore, Canaan Corporation,
Deepak Kamra and Eric A. Young, the principal business address of the
Reporting Persons is 105 Rowayton Avenue, Rowayton, CT 06853. The
principal address of Canaan Capital Offshore and Canaan Corporation
is c/o ABN Trustcompany, Pietermaai 15, Curacao, the Netherlands
Antilles. The principal business address of Deepak Kamra and Eric A.
Young is 2884 Sand Hill Road, Suite 115, Menlo Park, CA 94025.
ITEM 2 (C). CITIZENSHIP:
Each of Canaan Capital, Canaan Capital Management and Canaan Partners
is a limited partnership organized under the laws of Delaware. Canaan
Capital Offshore is a limited partnership and Canaan Corporation is a
corporation, each organized under the laws of the Netherlands
Antilles. Each of the Partners are citizens of the United States.
ITEM 2 (D). TITLE OF CLASS OF SECURITIES:
This Schedule 13G report relates to the Common Stock, par value $.01
("Common Stock") of Advance ParadigM, Inc. ("the Company").
ITEM 2 (E). CUSIP NUMBER:
CUSIP number 007491103.
Page 14 of 21 pages
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS 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.
(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.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
By virtue of their common control, Canaan Capital and Canaan Capital
Offshore each may be deemed to be the beneficial owners of 1,090,750
shares of Common Stock. Canaan Capital Management, by virtue of its
status as general partner of Canaan Capital and Canaan Capital
Offshore, may be deemed to be the beneficial owner of 1,090,750
shares. Canaan Corporation, by virtue of its status as a general
partner of Canaan Capital Offshore, may be deemed to be the
beneficial owner of 973,750 shares. By virtue of its status as
general partner of Canaan Capital Management, Canaan Partners may be
deemed to be the beneficial owner of 1,090,750 shares. By virtue of
their status as general partners of Canaan Partners, the Partners
(except for Mr. Green) may each be deemed to be the beneficial owner
of 1,090,750 shares. In addition, Stephen L. Green may be deemed to
be the beneficial owner of 1,106,250 shares of Common Stock.
Canaan Capital is the record owner of 117,000 shares of Common Stock
and Canaan Capital Offshore is the record owner of 973,750 shares of
Common Stock. All other Reporting Persons hold their respective
beneficially owned shares due to their relationships to the above
Partnerships as outlined in
Page 15 of 21 pages
Item 2. In addition, Stephen L. Green is the record owner of 15,500
shares of Common Stock as an individual.
(b) Percent of Class:
Canaan Capital: 13.9%; Canaan Capital Offshore: 13.9%; Canaan Capital
Management: 13.9%: Canaan Corporation: 12.5%, Canaan Partners: 13.9%;
the Partners (except for Mr. Green): 13.9%; and Stephen L. Green:
14.2%.
The foregoing percentages are calculated based on the 7,800,817
shares of Common Stock reported to be outstanding in the Quarterly
Report on Form 10-Q of Advance ParadigM, Inc. for the quarter ended
9/30/96.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: Canaan Capital: 117,000
shares; Canaan Capital Offshore: 973,750 shares; and Stephen L.
Green: 15,500 shares.
(ii) Shared power to vote or direct the vote: Canaan Capital: 973,750
shares; Canaan Capital Offshore: 117,000 shares; Canaan Capital
Management: 1,090,750 shares; Canaan Corporation: 973,750 shares;
Canaan Partners: 1,090,750 shares; and the Partners: 1,090,750
shares.
(iii) Sole power to dispose or to direct the disposition of: Canaan
Capital: 117,000 shares; Canaan Capital Offshore: 973,750 shares; and
Stephen L. Green: 15,500 shares.
(iv) Shared power to dispose or to direct the disposition of: Canaan
Capital: 973,750 shares; Canaan Capital Offshore: 117,000 shares;
Canaan Capital Management: 1,090,750 shares; Canaan Corporation:
973,750 shares; Canaan Partners: 1,090,750 shares; and the Partners:
1,090,750 shares.
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.
Each of the Reporting Persons expressly disclaims membership in a
"Group" as defined in Rule 13d-1 (b) (ii) (H).
Page 16 of 21 pages
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable. This Schedule 13G is not filed pursuant to Rule
13d-1(b).
Page 17 of 21 pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
February 10, 1997
Canaan Capital Limited Partnership
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
-----------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
-----------------------
General Partner
Canaan Capital Management L. P.
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
-----------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: /s/ Harry T. Rein
-----------------------
President
Canaan Capital Partners L.P.
By: /s/ Harry T. Rein
-----------------------
General Partner
Page 18 of 21 pages
/s/ Harry T. Rein
-----------------------
Harry T. Rein
/s/ James J. Fitzpatrick
-----------------------
James J. Fitzpatrick
/s/ Stephen L. Green
-----------------------
Stephen L. Green
/s/ Deepak Kamra
-----------------------
Deepak Kamra
/s/ Gregory Kopchinsky
-----------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
-----------------------
Robert J. Migliorino
/s/ Eric A. Young
-----------------------
Eric A. Young
Page 19 of 21 pages
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) (1) under the Securities Exchange Act of 1934,
as amended, the undersigned agree that only one statement containing the
information required by Schedule 13G need be filed by each of the undersigned
with respect to the ownership by each of the undersigned of shares of stock of
Advance ParadigM, Inc. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original.
February 10, 1997
Canaan Capital Limited Partnership
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
------------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
------------------------
General Partner
Canaan Capital Management L. P.
By: Canaan Capital Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: /s/ Harry T. Rein
------------------------
President
Canaan Capital Partners L.P.
By: /s/ Harry T. Rein
------------------------
General Partner
Page 20 of 21 pages
/s/ Harry T. Rein
- ------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
- ------------------------
James J. Fitzpatrick
/s/ Stephen L. Green
- ------------------------
Stephen L. Green
/s/ Deepak Kamra
- ------------------------
Deepak Kamra
/s/ Gregory Kopchinsky
- ------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
- ------------------------
Robert J. Migliorino
/s/ Eric A. Young
- ------------------------
Eric A. Young
Page 21 of 21 Pages
