<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Claremont Technology Group, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
180243107
------------------------------------------
(CUSIP Number)
Robert C. Bensky
c/o Technology Crossover Ventures
101 Eisenhower Parkway, Roseland, NJ 07068
(201) 228-2234
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 19, 1996
-----------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on 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>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 2 OF 30 PAGES
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Ventures, L.P.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for identification of General Partner
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 350,282(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 350,282(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
350,282(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.3%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
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(A) Excludes an aggregate of 117,941 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 3 OF 30 PAGES
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Ventures, C.V.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for a list of General Partners
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Netherlands Antilles
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 27,741(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 27,741(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
27,741(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.3%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 440,482 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this reporting
person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 4 OF 30 PAGES
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NAME OF REPORTING PERSON Technology Crossover Management, L.L.C.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for list of Managing Members
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 378,023(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 378,023(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
378,023(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.6%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
OO
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(A) Excludes an aggregate of 90,200 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 5 OF 30 PAGES
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NAME OF REPORTING PERSON Technology Crossover Ventures II, L.P.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for identification of General Partner
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
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SOLE VOTING POWER
7
NUMBER OF 43,151(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 43,151(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
43,151(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.5%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 425,072 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this reporting
person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 6 OF 30 PAGES
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NAME OF REPORTING PERSON TCV II (Q), L.P.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for identification of General Partner
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 33,173(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 33,173(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
33,173(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.4%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 435,050 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 7 OF 30 PAGES
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NAME OF REPORTING PERSON TCV II Strategic Partners, L.P.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for identification of General Partner
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 5,887(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 5,887(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,887(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 462,336 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 8 OF 30 PAGES
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- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Ventures II, C.V.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for a list of General Partners
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Netherlands Antilles
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 6,587(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 6,587(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,587(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0.1%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 461,636 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 9 OF 30 PAGES
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON TCV II, V.O.F.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for a list of Managing General Partners
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
WC
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Netherlands Antilles
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,402(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,402(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,402(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
less than 0.1%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 466,821 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 10 OF 30 PAGES
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Management II, L.L.C.
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
See Item 2 for a list of Managing Members
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 90,200(A)
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0(A)
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 90,200(A)
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0(A)
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
90,200(A)
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.1%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
OO
- --------------------------------------------------------------------------------
(A) Excludes an aggregate of 378,023 shares owned beneficially by the other
reporting persons indicated in this Schedule 13D, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13D
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CUSIP NO. 180243107 PAGE 11 OF 30 PAGES
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON Jay C. Hoag
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S. Citizen
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
468,223
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 468,223
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
468,223
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.7%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 12 OF 30 PAGES
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON Richard H. Kimball
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------
SOURCE OF FUNDS (SEE INSTRUCTIONS)
4
OO
- --------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5
2(d) OR 2(e) [_]
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S. Citizen
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
468,223
OWNED BY
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 468,223
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
468,223
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12 (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.7%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 13 OF 30 PAGES
- --------------------------------------------------------------------------------
Item 1.
Security and Issuer.
-------------------
The title of the class of securities to which this Schedule 13D relates is
Common Stock ("Common Stock") of Claremont Technology Group, Inc., an Oregon
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 1600 N W Compton Drive, Suite 210, Beaverton, OR 97006.
Item 2.
Identity and Background.
-----------------------
Set forth below is the following information with respect to each of the
persons filing this Schedule 13D (together, the "Filing Persons") and, in
addition, each of such person's managing partners or managing members, as the
case may be, and, if applicable, the persons controlling such managing partners
or managing members (such additional persons, together with the Filing Persons,
the "Item 2 Persons"): (a) name; (b) address of principal offices (if entity)
or residence or business address (if individual); (c) principal business (if
entity) or principal occupation and name, business and address of employer (if
individual); (d) information concerning criminal convictions during the last
five years; (e) information concerning civil or administrative proceedings under
state or federal securities laws during the past five years with respect to any
state or federal securities laws and (f) citizenship (if individual) or
jurisdiction of organization (if entity).
I.
a) Technology Crossover Ventures, L.P., a Delaware limited partnership ("TCV
I, L.P."). The General Partner of TCV I, L.P. is Technology Crossover
Management, L.L.C., a Delaware limited liability company ("TCM I"). The
sole Managing Members of TCM I are Jay C. Hoag ("Hoag") and Richard H.
Kimball ("Kimball").
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) TCV I, L.P. is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Delaware
II.
a) Technology Crossover Ventures, C.V., a Netherlands Antilles limited
partnership ("TCV I, C.V."). The General Partners of TCV I, C.V. are TCM I
and Technology Crossover Administrator, N.V., a Netherlands Antilles
corporation ("TCA I"). TCA I is ultimately controlled by Hoag and Kimball.
b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
c) TCV I, C.V. is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Netherlands Antilles
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 14 OF 30 PAGES
- --------------------------------------------------------------------------------
III.
a) Technology Crossover Management, L.L.C., a Delaware limited liability
company.
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) TCM I is an investment fund manager.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Delaware
IV.
a) Technology Crossover Administrator, N.V., a Netherlands Antilles
corporation.
b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
c) TCA I is the Administrative General Partner of TCV I, C.V.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Netherlands Antilles
V.
a) Technology Crossover Ventures II, L.P., a Delaware limited partnership
("TCV II, L.P."). The General Partner of TCV II, L.P. is Technology
Crossover Management II, L.L.C., a Delaware limited liability company ("TCM
II"). The sole Managing Members of TCM II are Hoag and Kimball.
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) TCV II, L.P. is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Delaware
VI.
a) TCV II (Q), L.P., a Delaware limited partnership ("TCV II (Q)"). The
General Partner of TCV II (Q) is TCM II.
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) TCV II (Q) is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Delaware
VII.
a) TCV II Strategic Partners, L.P., a Delaware limited partnership ("TCV II
Strategic Partners"). The General Partner of TCV II Strategic Partners is
TCM II.
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) TCV II Strategic Partners is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Delaware
VIII.
a) Technology Crossover Ventures II, C.V., a Netherlands Antilles limited
partnership ("TCV II, C.V."). The General Partners of TCV II, C.V. are TCM
II
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 15 OF 30 PAGES
- --------------------------------------------------------------------------------
and Technology Crossover Administrator II, N.V., a Netherlands Antilles
corporation ("TCA II"). TCA II is ultimately controlled by Hoag and
Kimball.
b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
c) TCV II, C.V. is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Netherlands Antilles
IX.
a) TCV II, V.O.F., a Netherlands Antilles general partnership ("TCV II,
V.O.F."). The Managing General Partners of TCV II, V.O.F. are TCM II and
TCA II.
b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
c) TCV II, V.O.F. is an investment fund.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Netherlands Antilles
X.
a) Technology Crossover Management II, L.L.C., a Delaware limited liability
company.
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) TCM II is an investment fund manager.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Delaware
XI.
a) Technology Crossover Administrator II, N.V., a Netherlands Antilles
corporation.
b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
c) TCA II is the Administrative General Partner of TCV II, C.V. and TCV II,
V.O.F.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Netherlands Antilles
XII.
a) Jay C. Hoag
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) Hoag is a Managing Member of both TCM I and TCM II.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
f) Citizen of the United States of America
XIII.
a) Richard H. Kimball
b) 575 High Street, Suite 400, Palo Alto, CA 94301
c) Kimball is a Managing Member of both TCM I and TCM II.
d) No criminal convictions(1)
e) No adverse civil judgments for violations of securities laws(1)
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 16 OF 30 PAGES
- --------------------------------------------------------------------------------
f) Citizen of the United States of America
__________________________
(1) During the last five years, no person listed above has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors),
nor has any such person been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction that resulted in such person
becoming subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3.
Source and Amount of Funds or Other Consideration.
-------------------------------------------------
All of the securities of the Issuer disclosed on the cover pages to this
Schedule 13D are held of record by the entities listed below. The source of
funds used in the acquisition of such securities, in each case, was the general
working capital of such entities. Such working capital was contributed by such
entities' respective partners.
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------
Aggregate Aggregate Weighted Average
--------- --------- ----------------
Number of Amount Paid Price Per Share
HOLDER Shares(1) ------------ ----------------
------ ---------
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
TCV I, L.P. 350,282 $4,208,334 $12.01
- ---------------------------------------------------------------------------
TCV I, C.V. 27,741 $ 333,289 $12.01
- ---------------------------------------------------------------------------
TCV II, V.O.F. 1,402 $ 25,917 $18.49
- ---------------------------------------------------------------------------
TCV II, L.P. 43,151 $ 797,744 $18.49
- ---------------------------------------------------------------------------
TCV II (Q) 33,173 $ 613,276 $18.49
- ---------------------------------------------------------------------------
TCV II Strategic Partners 5,887 $ 108,833 $18.49
- ---------------------------------------------------------------------------
TCV II, C.V. 6,587 $ 121,777 $18.49
- ---------------------------------------------------------------------------
Totals 468,223 $6,209,170 $13.26
- ---------------------------------------------------------------------------
</TABLE>
- -------------------
(1) Includes both open market purchases of Common Stock and Common Stock
purchased from shareholders of the Issuer in a private resale transaction
completed prior to the Issuer's initial public offering.
Item 4.
Purpose of Transaction.
----------------------
The acquisitions of the shares of the Issuer's Common Stock that are the
subject of this filing were made for the purpose of investment and not with a
view to distribution of the shares or with a view toward acquiring control of
the Issuer. The Item 2 Persons with the power to do so may sell, or cause to
be sold, all or part of such shares or acquire, or cause to be acquired,
additional securities of the Issuer depending on market conditions and other
economic factors.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 17 OF 30 PAGES
- --------------------------------------------------------------------------------
Except as described above, no reporting person has any current plans or
proposals that relate to or would result in:
a. The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
c. A sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
d. Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or dividend policy
of the Issuer;
f. Any other material change in the Issuer's business or corporate
structure;
g. Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the Issuer by any person;
h. Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
i. A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Exchange Act; or
j. Any action similar to any of those enumerated above.
Item 5.
Interest in Securities of the Issuer.
------------------------------------
(a) and (b) Except to the extent otherwise expressly stated herein, this
Schedule 13D shall not be construed as an admission that any Item 2 Person is,
for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any
Common Stock disclosed in this Schedule 13D. The aggregate number and percentage
of the class of securities identified pursuant to Item 1 of this Schedule 13D
that are beneficially owned by each Item 2 Person are as follows:
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 18 OF 30 PAGES
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Item 2 Person Common Stock % of Class(1) Voting Power Dispositive
- -------------------- ------------ ------------- ------------ -----------
Beneficially Power
------------ -----
Owned
-----
<S> <C> <C> <C> <C>
TCV I, L.P. (2) 350,282 4.3% sole sole
TCV I, C.V. (2) 27,741 0.3% sole sole
TCM I 378,023 4.6% sole sole
TCA I 0 0% N/A N/A
TCV II, L.P. (3) 43,151 0.5% sole sole
TCV II (Q) (3) 33,173 0.4% sole sole
TCV II Strategic 5,887 0.1% sole sole
Partners (3)
TCV II, C.V. (3) 6,587 0.1% sole sole
TCV II, V.O.F.(3) 1,402 less than 0.1% sole sole
TCM II 90,200 1.1% sole sole
TCA II 0 0% N/A N/A
Hoag (4) 468,223 5.7% shared sole
Kimball (4) 468,223 5.7% shared sole
</TABLE>
____________________________________
(1)
All percentages in this table are based, pursuant to Rule 13d-1(e) of
the Securities Exchange Act of 1934, on the 8,218,961 shares of Common Stock
of the Company outstanding as of May 6, 1997, as reported in the Company's
Quarterly Report on Form 10-Q for the period ended March 31, 1997.
(2)
Each noted entity (together, the "TCV I Funds") is the holder of
record of the securities set forth opposite the name of such entity and has
sole voting and investment power with respect to such securities. TCM I, as
sole General Partner of TCV I, L.P. and as Investment General Partner of TCV
I, C.V., may also be deemed to have sole voting and investment power with
respect to such securities.
(3)
Each noted entity (together, the "TCV II Funds") is the holder of
record of the securities set forth opposite the name of such entity and has
sole voting and investment power with respect to such securities. TCM II, as
sole General Partner of TCV II, L.P., TCV II (Q) and TCV II Strategic Partners
and as Investment General Partner of TCV II, C.V. and TCV II, V.O.F., may also
be deemed to have sole voting and investment power with respect to such
securities.
(4)
Under the operating agreements of both TCM I and TCM II, Hoag and
Kimball have
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 19 OF 30 PAGES
- --------------------------------------------------------------------------------
the independent power to cause the funds managed by such entities
to buy and sell securities of publicly traded portfolio companies, however, in
general, they must act by unanimous consent with respect to all other matters,
including directing the voting of such securities. As a result, Hoag and
Kimball may also be deemed to have sole dispositive power and shared voting
power with respect to the securities held by the TCV I Funds and the TCV II
Funds.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 20 OF 30 PAGES
- --------------------------------------------------------------------------------
(c) The following is a list of all transactions in the Issuer's securities
by the Item 2 Persons, all of which were open market transactions unless
otherwise noted:
<TABLE>
<CAPTION>
Aggregate Percentage Ownership
------------------------------
Shares Price of All Item 2 Persons After
------ ----- ---------------------------
Purchased Per Transactions Effected on Date
--------- --- ------------------------------
Purchaser Date (Sold) Share Listed(1)
- --------- ---- ------ ----- ---------
<S> <C> <C> <C> <C>
TCV I, L.P. 5-17-96 265,219 $10.3974 Inapplicable (2)
TCV I, C.V. 5-17-96 21,004 $10.3974 Inapplicable (2)
TCV I, L.P. 7-19-96 60,230 $ 16.88 5.1%
TCV I, C.V. 7-19-96 4,770 $ 16.88 5.1%
TCV I, L.P. 11-27-96 9,266 $ 24.25 5.0% (3)
TCV I, C.V. 11-27-96 734 $ 24.25 5.0% (3)
TCV I, L.P. 12-20-96 (35,211) $ 26.00 4.4%
TCV I, C.V. 12-20-96 (2,789) $ 26.00 4.4%
TCV II, V.O.F. 2-25-97 78 $ 24.63 4.3%
TCV II, L.P. 2-25-97 2,392 $ 24.63 4.3%
TCV II (Q) 2-25-97 1,839 $ 24.63 4.3%
TCV II Strategic 2-25-97 326 $ 24.63 4.3%
Partners
TCV II, C.V. 2-25-97 365 $ 24.63 4.3%
TCV II, V.O.F. 3-13-97 194 $ 24.60 4.4%
TCV II, L.P. 3-13-97 5,980 $ 24.60 4.4%
TCV II (Q) 3-13-97 4,597 $ 24.60 4.4%
TCV II Strategic 3-13-97 816 $ 24.60 4.4%
Partners
TCV II, C.V. 3-13-97 913 $ 24.60 4.4%
TCV I, L.P. 3-14-97 3,706 $ 24.68 4.5%
TCV I, C.V. 3-14-97 294 $ 24.68 4.5%
TCV II, V.O.F. 3-14-97 62 $ 24.68 4.5%
TCV II, L.P. 3-14-97 1,914 $ 24.68 4.5%
TCV II (Q) 3-14-97 1,471 $ 24.68 4.5%
TCV II Strategic 3-14-97 261 $ 24.68 4.5%
</TABLE>
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 21 OF 30 PAGES
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Percentage Ownership
------------------------------
Shares Price of All Item 2 Persons After
------ ----- ---------------------------
Purchased Per Transactions Effected on Date
--------- --- ------------------------------
Purchaser Date (Sold) Share Listed(1)
- --------- ---- ------ ----- ---------
<S> <C> <C> <C> <C>
TCV II, C.V. 3-14-97 292 $ 24.68 4.5%
TCV I, L.P. 4-24-97 4,355 $ 19.57 4.7%
TCV I, C.V. 4-24-97 345 $ 19.57 4.7%
TCV II, V.O.F. 4-24-97 168 $ 19.57 4.7%
TCV II, L.P. 4-24-97 5,166 $ 19.57 4.7%
TCV II (Q) 4-24-97 3,972 $ 19.57 4.7%
TCV II Strategic 4-24-97 705 $ 19.57 4.7%
Partners
TCV II, C.V. 4-24-97 789 $ 19.57 4.7%
TCV I, L.P. 4-28-97 8,432 $ 14.94 5.1%
TCV I, C.V. 4-28-97 668 $ 14.94 5.1%
TCV II, V.O.F. 4-28-97 325 $ 14.94 5.1%
TCV II, L.P. 4-28-97 9,998 $ 14.94 5.1%
TCV II (Q) 4-28-97 7,687 $ 14.94 5.1%
TCV II Strategic 4-28-97 1,364 $ 14.94 5.1%
Partners
TCV II, C.V. 4-28-97 1,526 $ 14.94 5.1%
TCV I, L.P. 4-29-97 6,486 $ 13.88 5.3%
TCV I, C.V. 4-29-97 514 $ 13.88 5.3%
TCV II, V.O.F. 4-29-97 109 $ 13.88 5.3%
TCV II, L.P. 4-29-97 3,349 $ 13.88 5.3%
TCV II (Q) 4-29-97 2,574 $ 13.88 5.3%
TCV II Strategic 4-29-97 457 $ 13.88 5.3%
Partners
TCV II, C.V. 4-29-97 511 $ 13.88 5.3%
TCV I, L.P. 5-05-97 5,791 $ 17.25 5.5%
TCV I, C.V. 5-05-97 459 $ 17.25 5.5%
TCV II, V.O.F. 5-05-97 97 $ 17.25 5.5%
</TABLE>
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 22 OF 30 PAGES
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Aggregate Percentage Ownership
------------------------------
Shares Price of All Item 2 Persons After
------ ----- ---------------------------
Purchased Per Transactions Effected on Date
--------- --- ------------------------------
Purchaser Date (Sold) Share Listed(1)
- --------- ---- ------ ----- ---------
<S> <C> <C> <C> <C>
TCV II, L.P. 5-05-97 2,990 $ 17.25 5.5%
TCV II (Q) 5-05-97 2,299 $ 17.25 5.5%
TCV II Strategic 5-05-97 408 $ 17.25 5.5%
Partners
TCV II, C.V. 5-05-97 456 $ 17.25 5.5%
TCV I, L.P. 5-06-97 5,560 $ 17.25 5.3%
TCV I, C.V. 5-06-97 440 $ 17.25 5.3%
TCV II, V.O.F. 5-06-97 93 $ 17.25 5.3%
TCV II, L.P. 5-06-97 2,870 $ 17.25 5.3%
TCV II (Q) 5-06-97 2,207 $ 17.25 5.3%
TCV II Strategic 5-06-97 392 $ 17.25 5.3%
Partners
TCV II, C.V. 5-06-97 438 $ 17.25 5.3%
TCV I, L.P. 5-08-97 16,448 $ 17.25 5.7%
TCV I, C.V. 5-08-97 1,302 $ 17.25 5.7%
TCV II, V.O.F. 5-08-97 276 $ 17.25 5.7%
TCV II, L.P. 5-08-97 8,492 $ 17.25 5.7%
TCV II (Q) 5-08-97 6,527 $ 17.25 5.7%
TCV II Strategic 5-08-97 1,158 $ 17.25 5.7%
Partners
TCV II, C.V. 5-08-97 1,297 $ 17.25 5.7%
</TABLE>
___________________________________
(1)
All percentages in this table are based on the total number of shares
of Common Stock of the Company outstanding as of the then most recently
available data, as reported in the Company's: Registration Statement on Form
S-1/A filed with the Securities and Exchange Commission on July 19, 1996 and
the Quarterly Reports on Form 10-Q for the quarterly periods ended September
30, 1996, December 31, 1996 and March 31, 1997. Such documents disclosed that
the number of shares of Common Stock of the Issuer outstanding was 6,855,611
as of July 19, 1996, 7,297,190 as of November 5, 1996, 7,688,954 as of
January 31, 1997 and 8,218,961 as of May 6, 1997.
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 23 OF 30 PAGES
- --------------------------------------------------------------------------------
(2)
The indicated securities were purchased from shareholders of the Issuer
in a private resale transaction completed prior to the Issuer's Common
Stock being registered under Section 12 of the Act.
(3)
The indicated percentage has been rounded up from the actual percentage
which, when rounded to the nearest one hundredth of a percent, is 4.95%.
(d) Inapplicable.
(e) Inapplicable.
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect
---------------------------------------------------------------------
to Securities of the Issuer.
---------------------------
There are no contracts, arrangements or understandings among any of the
Item 2 Persons made or entered into specifically with respect to holding, voting
or disposing of the Common Stock of the Issuer.
Under the terms of the respective Partnership Agreements of the TCV I
Funds, TCM I possesses the power to manage the investment activities of the TCV
I Funds, including the power to direct the voting and direct the disposition of
the Common Stock of the Issuer. Under the terms of the respective Partnership
Agreements of the TCV II Funds, TCM II possesses the power to manage the
investment activities of the TCV II Funds, including the power to direct the
voting and disposition of the Common Stock of the Issuer. Under the Operating
Agreements of TCM I and TCM II, Hoag and Kimball (the sole Managing Members of
each of such entities) possess the power to cause TCM I and TCM II to exercise
such voting and dispositive power with respect to the securities of the Issuer
held by the TCV I Funds and the TCV II Funds.
Item 7.
Material to be Filed as Exhibits.
--------------------------------
The following exhibit is attached hereto:
A - Statement Appointing Designated Filer and Authorized Signer
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 24 OF 30 PAGES
- --------------------------------------------------------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated June 19, 1997
TECHNOLOGY CROSSOVER VENTURES, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
-------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES, C.V.,
a Netherlands Antilles Limited Partnership
By: /s/ Robert C. Bensky
-------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES II, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II (Q), L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
---------------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II STRATEGIC PARTNERS, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES II, C.V.,
a Netherlands Antilles Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II, V.O.F.,
a Netherlands Antilles General Partnership
By: /s/ Robert C. Bensky
----------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C.,
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 25 OF 30 PAGES
- --------------------------------------------------------------------------------
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
Jay C. Hoag
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
Richard H. Kimball
By: /s/ Robert C. Bensky
--------------------------------------------
Robert C. Bensky, Authorized Signatory
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 26 OF 30 PAGES
- --------------------------------------------------------------------------------
EXHIBIT A
STATEMENT APPOINTING DESIGNATED FILER AND AUTHORIZED SIGNER
Each of the undersigned entities and individuals (collectively, the
"Reporting Persons") hereby designates the entity listed in Column II of Exhibit
-------
A hereto, or such other person or entity as is designated in writing by Robert
- -
C. Bensky (any such entity is referred to as the "Designated Filer") as the
beneficial owner to make filings of Schedules 13D and 13G (and any amendments
thereto) pursuant to Section 13(d) of the Securities Exchange Act of 1934 (the
"Exchange Act") and of Forms 3, 4 and 5 (and any amendments thereto) pursuant to
Section 16(a) of the Exchange Act (collectively, the "Reports") with respect to
the securities of the entities listed in Column I of Exhibit A hereto and with
---------
respect to the securities of any other entity whose securities are now, or
hereafter become, publicly traded and whose securities are beneficially owned
(directly or indirectly) both by such Reporting Person and by such Designated
Filer (collectively, the "Companies").
Each Reporting Person hereby further authorizes and designates ROBERT C.
BENSKY (the "Authorized Signatory") to execute and file on behalf of such
Reporting Person the Reports with respect to the securities of the Companies,
including all Schedules 13D and 13G and Forms 3, 4 and 5, and any amendments
thereto, that such Reporting Person may be required to file with the United
States Securities and Exchange Commission as a result of such Reporting Person's
ownership of, or transactions in securities of the Companies.
The authority of the Designated Filer and the Authorized Signatory under
this document with respect to each Reporting Person shall continue until such
Reporting Person is no longer required to file Schedules 13D or 13G or Forms 3,
4 and 5 with respect to the Reporting Person's ownership of, or transactions in,
the securities of the Companies, unless earlier revoked in writing. Each
Reporting Person acknowledges that the Designated Filer and the Authorized
Signatory are not assuming any of the Reporting Person's responsibilities to
comply with Section 13(d) or Section 16 of the Exchange Act.
Date: June 2, 1997 TECHNOLOGY CROSSOVER MANAGEMENT, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Jay C. Hoag
-------------------------------------------
Jay C. Hoag, Managing Member
Date: June 2, 1997 TECHNOLOGY CROSSOVER VENTURES, L.P.,
a Delaware Limited Partnership
By: Technology Crossover Management, L.L.C.
a Delaware Limited Liability Company
Its General Partner
By: /s/ Jay C. Hoag
-------------------------------------------
Jay C. Hoag, Managing Member
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 27 OF 30 PAGES
- --------------------------------------------------------------------------------
Date: June 2, 1997 TECHNOLOGY CROSSOVER VENTURES, C.V.,
a Netherlands Antilles Limited Partnership
By: Technology Crossover Management, L.L.C.
a Delaware Limited Liability Company
Its Investment General Partner
By: /s/ Jay C. Hoag
------------------------------------------------
Jay C. Hoag, Managing Member
And By: Technology Crossover Administrator, N.V.
a Netherlands Antilles Corporation
Its Administrative General Partner
By: /s/ ABN AMRO Trust Company (Curacao) N.V.
------------------------------------------------
ABN AMRO Trust Company (Curacao) N.V.
Managing Director
Date: June 2, 1997 TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Jay C. Hoag
------------------------------------------------
Jay C. Hoag, Managing Member
Date: June 2, 1997 TECHNOLOGY CROSSOVER VENTURES II, L.P.,
a Delaware Limited Partnership
By: Technology Crossover Management II, L.L.C.
a Delaware Limited Liability Company
Its General Partner
By: /s/ Jay C. Hoag
------------------------------------------------
Jay C. Hoag, Managing Member
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 28 OF 30 PAGES
- --------------------------------------------------------------------------------
Date: June 2, 1997 TCV II (Q), L.P.,
a Delaware Limited Partnership
By: Technology Crossover Management II, L.L.C.
a Delaware Limited Liability Company
Its General Partner
By: /s/ Jay C. Hoag
-----------------
Jay C. Hoag, Managing Member
Date: June 2, 1997 TCV II STRATEGIC PARTNERS, L.P.,
a Delaware Limited Partnership
By: Technology Crossover Management II, L.L.C.
a Delaware Limited Liability Company
Its General Partner
By: /s/ Jay C. Hoag
-----------------
Jay C. Hoag, Managing Member
Date: June 2, 1997 TECHNOLOGY CROSSOVER VENTURES II, C.V.,
a Netherlands Antilles Limited Partnership
By: Technology Crossover Management II, L.L.C.
a Delaware Limited Liability Company
Its Investment General Partner
By: /s/ Jay C. Hoag
-----------------
Jay C. Hoag, Managing Member
And By: Technology Crossover Administrator II, N.V.
a Netherlands Antilles Corporation
Its Administrative General Partner
By: /s/ ABN AMRO Trust Company (Curacao) N.V.
--------------------------------------------
ABN AMRO Trust Company (Curacao) N.V.
Managing Director
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 29 OF 30 PAGES
- --------------------------------------------------------------------------------
Date: June 2, 1997 TCV II, V.O.F.,
a Netherlands Antilles General Partnership
By: Technology Crossover Management II, L.L.C.
a Delaware Limited Liability Company
Its Investment General Partner
By: /s/ Jay C. Hoag
-----------------------------------------
Jay C. Hoag, Managing Member
And By: Technology Crossover Administrator II, N.V.
a Netherlands Antilles Corporation
Its Administrative General Partner
By: /s/ ABN AMRO Trust Company (Curacao) N.V.
---------------------------------------------
ABN AMRO Trust Company (Curacao) N.V.
Managing Director
Date: June 2, 1997 /s/ Robert C. Bensky
----------------------------------------------
Robert C. Bensky
Date: June 2, 1997 /s/ Jay C. Hoag
----------------------------------------------
Jay C. Hoag
Date: June 2, 1997 /s/ Richard H. Kimball
----------------------------------------------
Richard H. Kimball
Date: June 2, 1997 /s/ Andrew B. Sessions
----------------------------------------------
Andrew B. Sessions
Date: June 2, 1997 /s/ Marc S. Tesler
----------------------------------------------
Marc S. Tesler
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 180243107 PAGE 30 OF 30 PAGES
- --------------------------------------------------------------------------------
EXHIBIT A
<TABLE>
<CAPTION>
Column I Column II Persons/Entities on Whose Behalf
- -------- --------- --------------------------------
Publicly Traded Company Designated the Designated Filer May Act
- ----------------------- Filer ----------------------------
----------
- ---------------------------------------------------------------------------------------
<S> <C> <C>
Claremont Technology Technology Technology Crossover Management, L.L.C.
Group, Inc. Crossover Technology Crossover Ventures, L.P.
Management II, Technology Crossover Ventures, C.V.
L.L.C. Technology Crossover Management II,
L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
- ---------------------------------------------------------------------------------------
MemberWorks Incorporated Technology Technology Crossover Management, L.L.C.
Crossover Technology Crossover Ventures, L.P.
Management II, Technology Crossover Ventures, C.V.
L.L.C. Technology Crossover Management II,
L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
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</TABLE>
