<PAGE> 1
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OMB APPROVAL
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UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: August 31, 1999
WASHINGTON, D.C. 20549 Estimated average burden
hours per response. 14.90
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(AMENDMENT NO. TWO )*
Advance ParadigM, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
007491103
--------------
(CUSIP Number)
December 31, 1998
- --------------------------------------------------------------------------------
(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)
*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).
SEC 1745 (3-98) Page 1 of 22 pages
<PAGE> 2
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 2 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 22 pages
<PAGE> 3
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 3 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
Netherland Antilles Limited Partnership
- -------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 22 pages
<PAGE> 4
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 4 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 22 pages
<PAGE> 5
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 5 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
Netherland Antilles Corporation
- -------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 22 pages
<PAGE> 6
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 6 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 22 pages
<PAGE> 7
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 7 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 3,074
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
3,074
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,074
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 22 pages
<PAGE> 8
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 8 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 22 pages
<PAGE> 9
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 9 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 16,246
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
16,246
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
16,246
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 22 pages
<PAGE> 10
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 10 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 141
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
141
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
141
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 22 pages
<PAGE> 11
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 11 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 22 pages
<PAGE> 12
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 12 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 304
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
304
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
304
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 22 pages
<PAGE> 13
SCHEDULE 13G
CUSIP NO. 007491103 PAGE 13 OF 22 PAGES
----------- --- ---
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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
NUMBER OF 1,191
SHARES ---------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
1,191
---------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,191
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 22 pages
<PAGE> 14
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.
Page 14 of 22 pages
<PAGE> 15
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.
Item 3. If this statement if filed pursuant to Rules 13d-1(b), or 13d-2(b),
-------------------------------------------------------------------
check whether the person filing is a:
-------------------------------------
None.
Item 4. Ownership
---------
Not applicable. The foregoing percentages are based on the
10,264,280 shares of Common Stock reported to be outstanding in the
Quarterly Report on Form 10-Q of the Issuer for the quarter ended
September 30, 1998.
Item 5. Ownership of Five Percent or Less of a Class
--------------------------------------------
This statement is being filed to report the fact that as of the
date hereof, the Reporting Persons have ceased to be the beneficial
owners of more than five percent (5%) of the class of securities.
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) (J).
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).
DATE: February 10, 1999.
Page 15 of 22 pages
<PAGE> 16
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.
Canaan Capital Limited Partnership
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
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: *
-----------------------------
General Partner
Canaan Capital Management L. P.
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: *
-----------------------------
Director
Canaan Capital Partners L.P.
By: *
-----------------------------
General Partner
Page 16 of 22 pages
<PAGE> 17
*
- ---------------------------------
Harry T. Rein
*
- ---------------------------------
James J. Fitzpatrick
*
- ---------------------------------
Stephen L. Green
*
- ---------------------------------
Deepak Kamra
*
- ---------------------------------
Gregory Kopchinsky
*
- ---------------------------------
Robert J. Migliorino
*
- ---------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
----------------------
Guy M. Russo
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney a
copy of which is filed herewith as Exhibit 2.
Page 17 of 22 pages
<PAGE> 1
Exhibit 1
---------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(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.
Canaan Capital Limited Partnership
By: Canaan Capital Management L. P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
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: *
-----------------------------
General Partner
Canaan Capital Management L. P.
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: *
-----------------------------
Director
Canaan Capital Partners L.P.
By: *
-----------------------------
General Partner
Page 18 of 22 pages
<PAGE> 2
*
- ---------------------------------
Harry T. Rein
*
- ---------------------------------
James J. Fitzpatrick
*
- ---------------------------------
Stephen L. Green
*
- ---------------------------------
Deepak Kamra
*
- ---------------------------------
Gregory Kopchinsky
*
- ---------------------------------
Robert J. Migliorino
*
- ---------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
----------------------
Guy M. Russo
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney a
copy of which is filed herewith as Exhibit 2.
Page 19 of 22 pages
<PAGE> 1
Exhibit 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Guy M. Russo his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities (until
revoked in writing) to sign any and all instruments, certificates and documents
required to be executed on behalf of himself as an individual or in his capacity
as a general partner or authorized signatory, as the case may be, on behalf of
any of Canaan Capital Limited Partnership; Canaan Capital Offshore Limited
Partnership C.V.; Canaan Capital Offshore Management, N.V.; Canaan Capital
Management L.P. or Canaan Capital Partners, L.P. pursuant to the Securities Act
of 1933, as amended, (the "Securities Act"), or the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and any and all regulations promulgated
thereunder and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Securities Act,
the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact and agent full power and
authority to do and perform each and very act and thing requisite and necessary
fully to all intents and purposes as he might or could do in person thereby, and
ratifying and confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof,
or may have done in connection with the matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 20 of 22 pages
<PAGE> 2
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 29th day of
January, 1998.
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 OFFSHORE MANAGEMENT, N.V.
By: /s/ Harry T. Rein
-----------------------------
Director
CANAAN CAPITAL MANAGEMENT, L.P.
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
-----------------------------
General Partner
CANAAN CAPITAL PARTNERS, L.P.
By: /s/ Harry T. Rein
-----------------------------
General Partner
Page 21 of 22 pages
<PAGE> 3
/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 22 of 22 pages
