UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 3)
Under the Securities Exchange Act of 1934
E*Trade Group, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
269246104
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the reminder 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>
CUSIP NO. 269246104 13G Page 2 of 9 pages
- --------------------------------------------------------------------------------
1 Name of Reporting Person General Atlantic Partners, LLC
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2 Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3 S.E.C. Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 4,543,840
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 4,543,840
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,543,840
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 4.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person 00
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 269246104 13G Page 3 of 9 pages
- --------------------------------------------------------------------------------
1. Name of Reporting Person General Atlantic Partners II, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 4,543,840
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 4,543,840
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,543,840
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 4.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 269246104 13G Page 4 of 9 pages
- --------------------------------------------------------------------------------
1. Name of Reporting Person GAP Coinvestment Partners, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [ ]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization New York
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 4,543,840
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 4,543,840
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
4,543,840
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 4.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 269246104 13G Page 5 of 9 pages
- --------------------------------------------------------------------------------
1. Name of Reporting Person Richard Braddock
S.S. or I.R.S. Identifica-
tion No. of Above Person
- --------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [X]
- --------------------------------------------------------------------------------
3. S.E.C. Use Only
- --------------------------------------------------------------------------------
4. Citizenship or Place of Organization U.S.A.
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 230,980
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 230,980
Reporting Person (8) Shared Dispositive Power 0
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
230,980
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 0.2%
- --------------------------------------------------------------------------------
12. Type of Reporting Person IN
- --------------------------------------------------------------------------------
<PAGE>
Page 6 of 9 pages
AMENDMENT NO.3 TO SCHEDULE 13G
This Amendment No. 3 to Schedule 13G is filed by the undersigned to
amend and restate in its entirety the Schedule 13G, dated as of February 14,
1997, as amended on July 14, 1997 and February 5, 1998, with respect to the
shares of common stock, par value $.01 per share, of E*Trade Group, Inc.
Item 1. (a) Name of Issuer
E*Trade Group, Inc.
(b) Address of Issuer's Principal Executive Offices
Four Embarcadero Place
2400 Geng Road
Palo Alto, CA 94303
Item 2. (a) Names of Persons Filing
General Atlantic Partners, LLC ("GAP")
General Atlantic Partners II, L.P. ("GAP II")
GAP Coinvestment Partners, L.P. ("GAPCO")
Richard Braddock ("Braddock" and, together with GAP, GAP II,
and GAPCO, the "Reporting Persons")
(b) Address of Principal Business Office
c/o General Atlantic Service Corporation
3 Pickwick Plaza
Greenwich, CT 06830
(c) Citizenship
GAP - Delaware
GAP II -- Delaware
GAPCO -- New York
Braddock -- U.S.A.
<PAGE>
Page 7 of 9 pages
Item 2 (d) Title of Class of Securities
(Cont'd.)
Common Stock, par value $.01 per share (the "Shares")
(e) CUSIP Number
269246104
Item 3. This statement is not filed pursuant to either Rule
13d-1(b) or 13d- 2(b).
Item 4. As of February 28, 1999, GAP, GAP II, GAPCO and Braddock
owned of record no Shares, 3,986,847 Shares, 556,993 Shares
and 230,980 Shares, respectively, or 0%, 3.5%, 0.5% and
0.2%, respectively, of the issued and outstanding Shares.
The general partner of GAP II is GAP. The managing members
of GAP are Steven A. Denning, Peter L. Bloom, David C.
Hodgson, J. Michael Cline, William O. Grabe, William E. Ford
and Franchon M. Smithson (collectively, the "GAP Managing
Members"). Each of Ford and Braddock is a director of
E*Trade Group, Inc. In addition, Braddock was formerly a
consultant to GAP. The GAP Managing Members are the general
partners of GAPCO. By virtue of the fact that the GAP
Managing Members are also the general partners authorized
and empowered to vote and dispose of the securities held by
GAPCO, each of GAP, GAP II and GAPCO may be deemed to share
voting power and the power to direct the disposition of the
Shares which each of them owns of record. GAP, GAP II and
GAPCO do not possess any voting or dispositive power over
the Shares Braddock owns of record. Braddock does not
possess any voting or dispositive power over the Shares that
the other Reporting Persons own of record. However, there is
an oral agreement between Braddock and the other Reporting
Persons that Braddock will dispose of his Shares
proportionately with the other Reporting Persons. As of
February 28, 1999, each of GAP, GAP II and GAPCO may be
deemed to own beneficially an aggregate of 4,543,840 Shares
or 4.0% of the issued and outstanding Shares, and Braddock
may be deemed to own beneficially an aggregate of 230,980
Shares or 0.2% of the issued and outstanding Shares. Each of
GAP, GAP II and GAPCO has the shared power to direct the
vote and the shared power to direct the disposition of the
4,543,840 Shares that may be deemed to be owned beneficially
by each of them, and Braddock has the sole power to direct
the vote and the sole power to direct the disposition of the
230,980 Shares that are owned beneficially by him.
<PAGE>
Page 8 of 9 pages
Item 5. Ownership of Five Percent or Less of a Class
The Reporting Persons have ceased to own beneficially more
than 5% of the Shares.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
See Item 4.
Item 7. Identification and Classification of 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
See Item 4.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
Exhibit 1: Incorporate by reference the power of attorney for GAP filed
as Exhibit 5 to the Schedule 13D, dated March 4, 1999, filed
in connection with certain transactions relating to the
common stock, par value $.01 per share, of GT Interactive
Software Corp., a Delaware corporation. Such power of
attorney provides Thomas J. Murphy with the requisite power
and authority to sign this Amendment No.3 to Schedule 13G on
behalf of GAP.
Exhibit 2: Incorporate by reference the power of attorney for GAPCO
filed as Exhibit 5 to the Schedule 13D, dated March 4, 1999,
filed in connection with certain transactions relating to
the common stock, par value $.01 per share, of GT
Interactive Software Corp., a Delaware corporation. Such
power of attorney provides Thomas J. Murphy with the
requisite power and authority to sign this Amendment No.3 to
Schedule 13G on behalf of GAPCO.
<PAGE>
Page 9 of 9 pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated as of April 6, 1999
GENERAL ATLANTIC PARTNERS, LLC
By: /s/ Thomas J. Murphy
--------------------
Name: Thomas J, Murphy
Title: Attorney-in-fact
GENERAL ATLANTIC PARTNERS II, L.P.
By: GENERAL ATLANTIC PARTNERS, LLC
its General Partner
By: /s/ Thomas J. Murphy
--------------------
Name: Thomas J, Murphy
Title: Attorney-in-fact
GAP COINVESTMENT PARTNERS, L.P.
By: /s/ Thomas J. Murphy
--------------------
Name: Thomas J, Murphy
Title: Attorney-in-fact
/s/ Richard Braddock
--------------------
Richard Braddock
