UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Proxicom, Inc.
--------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
744282104
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
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).
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Page 2 of 11 pages
CUSIP NO. 744282104 13G
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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 2,240,478
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,240,478
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,240,478
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 8.6%
- --------------------------------------------------------------------------------
12. Type of Reporting Person 00
- --------------------------------------------------------------------------------
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Page 3 of 11 pages
CUSIP NO. 744282104 13G
- --------------------------------------------------------------------------------
1. Name of Reporting Person General Atlantic Partners 34, 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 2,240,478
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,240,478
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,240,478
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 8.6%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 4 of 11 pages
CUSIP NO. 744282104 13G
- --------------------------------------------------------------------------------
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 2,240,478
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,240,478
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,240,478
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 8.6%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 5 of 11 pages
CUSIP NO. 744282104 13G
- --------------------------------------------------------------------------------
1. Name of Reporting Person GAP Coinvestment 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 2,240,478
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,240,478
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,240,478
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 8.6%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 6 of 11 pages
CUSIP NO. 744282104 13G
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1. Name of Reporting Person General Atlantic Partners 52, 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 2,240,478
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,240,478
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,240,478
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 8.6%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 7 of 11 pages
CUSIP No. 744282104
This Schedule 13G is filed by the undersigned with respect to the
shares of common stock, par value $.01 per share (the "Common Stock"), of
Proxicom, Inc. (the "Company").
Item 1. (a) Name of Issuer
Proxicom, Inc.
(b) Address of Issuer's Principal Executive Offices
11600 Sunrise Valley Drive
Reston, VA 20191
Item 2. (a) Names of Persons Filing
General Atlantic Partners, LLC ("GAP")
General Atlantic Partners 34, L.P. ("GAP 34")
GAP Coinvestment Partners, L.P. ("GAPCO")
GAP Coinvestment Partners II, L.P. ("GAPCO II")
General Atlantic Partners 52, L.P. ("GAP 52" and, together with GAP
34, GAPCO, GAPCO II and GAP 52, 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 34 -- Delaware
GAPCO -- New York
GAPCO II - - Delaware
GAP 52 -- Delaware
(d) Title of Class of Securities
Common Stock, par value $.01 per share (the "Shares")
(e) CUSIP Number
744282104
Item 3. This statement is not filed pursuant to either Rule 13d-1(b)
or 13d-2(b).
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Page 8 of 11 pages
CUSIP No. 744282104
Item 4. As of December 31, 1999, GAP, GAP 34, GAP 52, GAPCO and
GAPCO II each owned of record no Shares, 904,390 Shares, 960,222
Shares, 159,694 Shares and 216,172 Shares, respectively, or 0.0%, 3.5%,
3.7%, 0.6% and 0.8%, respectively, of the issued and
outstanding Shares. The general partner of GAP 34 and GAP 52 is
GAP. The managing members of GAP are Steven A. Denning,
Peter L. Bloom, David C. Hodgson, William O. Grabe, William E.
Ford, Clifton S. Robbins and Franchon M. Smithson (collectively, the
"GAP Managing Members"). The GAP Managing Members are the
general partners of GAPCO and GAPCO II. 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 and
GAPCO II, the Reporting Persons may be deemed to share voting power and
the power to direct the disposition of the Shares which each of them
owns of record. Accordingly, as of December 31, 1999, each of the
Reporting Persons may be deemed to own beneficially an aggregate of
2,240,478 Shares or 8.6% of the issued and outstanding Shares. Each
of the Reporting Persons has the shared power to direct the vote and
the shared power to direct the disposition of the 2,240,478 Shares that
may be deemed to be owned beneficially by each of them.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
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.
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Page 9 of 11 pages
CUSIP No. 744282104
Item 10. Certification
Not applicable.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
<PAGE>
Page 10 of 11 pages
CUSIP No. 744282104
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated as of February 14, 2000
GENERAL ATLANTIC PARTNERS, LLC
By: /s/ Thomas J. Murphy
---------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GENERAL ATLANTIC PARTNERS 34, 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
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Page 11 of 11 pages
CUSIP No. 744282104
GENERAL ATLANTIC PARTNERS 52, 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 II, L.P.
By: /s/ Thomas J. Murphy
---------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
<PAGE>
GENERAL ATLANTIC PARTNERS, LLC
3 Pickwick Plaza
Greenwich, CT 06830
December 22, 1999
POWER OF ATTORNEY
-----------------
The undersigned, General Atlantic Partners, LLC, a Delaware limited
liability company, with its principal office at 3 Pickwick Plaza, Greenwich,
Connecticut, United States of America (the "Limited Liability Company"), by its
Executive Managing Member, Steven A. Denning, a U.S. citizen, of full legal age,
domiciled at 16 Khakum Drive, Greenwich, CT 06831, hereby constitutes and
appoints Thomas J. Murphy, a U.S. citizen, of full legal age, domiciled at 221
Old King's Highway North, Darien, CT 06820, its true and lawful attorney-in-fact
and agent, in any and all capacities, to execute and deliver any and all
documents and instruments and to make any governmental filings on behalf of the
Limited Liability Company as fully to all intents and purposes as a Managing
Member of the Limited Liability Company might or could do in person, hereby
ratifying and confirming all that said attorney-in-fact may lawfully do or cause
to be done. This power of attorney shall expire on December 31, 2000.
GENERAL ATLANTIC PARTNERS, LLC
By /s/ Steven A. Denning
-----------------------------
Steven A. Denning
Executive Managing Member
STATE OF Connecticut)
:ss
COUNTY OF Fairfield)
On the 22nd day of December 1999, before me personally came Steven A.
Denning, to me known, and known to me to be the individual described in, and who
executed the foregoing document, and he acknowledged to me that he executed the
same.
/s/ Sheila Hughes Notary Public
- ------------------------
Sheila Hughes
<PAGE>
GAP COINVESTMENT PARTNERS, L.P.
3 Pickwick Plaza
Greenwich, CT 06830
December 22, 1999
POWER OF ATTORNEY
-----------------
The undersigned, GAP Coinvestment Partners, L.P., a New York limited
partnership, with its principal office at 3 Pickwick Plaza, Greenwich,
Connecticut, United States of America (the "Partnership"), by its Managing
General Partner, Steven A. Denning, a U.S. citizen, of full legal age, domiciled
at 16 Khakum Drive, Greenwich, CT 06831, hereby constitutes and appoints Thomas
J. Murphy, a U.S. citizen, of full legal age, domiciled at 221 Old King's
Highway North, Darien, CT 06820, its true and lawful attorney-in-fact and agent,
in any and all capacities, to execute and deliver any and all documents and
instruments and to make any governmental filings on behalf of the Partnership as
fully to all intents and purposes as a General Partner of the Partnership might
or could do in person, hereby ratifying and confirming all that said
attorney-in-fact may lawfully do or cause to be done. This power of attorney
shall expire on December 31, 2000.
GAP COINVESTMENT PARTNERS, L.P.
By /s/ Steven A. Denning
-----------------------------
Steven A. Denning
Managing General Partner
STATE OF Connecticut)
: ss.
COUNTY OF Fairfield)
On the 22nd day of December 1999, before me personally came Steven A.
Denning, to me known, and known to me to be the individual described in, and who
executed the foregoing document, and he acknowledged to me that he executed the
same.
/s/ Sheila Hughes Notary Public
- --------------------------
Sheila Hughes
<PAGE>
GAP COINVESTMENT PARTNERS II, L.P.
3 Pickwick Plaza
Greenwich, CT 06830
December 22, 1999
POWER OF ATTORNEY
-----------------
The undersigned, GAP Coinvestment Partners II, L.P., a Delaware limited
partnership, with its principal office at 3 Pickwick Plaza, Greenwich,
Connecticut, United States of America (the "Partnership"), by its Managing
General Partner, Steven A. Denning, a U.S. citizen, of full legal age, domiciled
at 16 Khakum Drive, Greenwich, CT 06831, hereby constitutes and appoints Thomas
J. Murphy, a U.S. citizen, of full legal age, domiciled at 221 Old King's
Highway North, Darien, CT 06820, its true and lawful attorney-in-fact and agent,
in any and all capacities, to execute and deliver any and all documents and
instruments and to make any governmental filings on behalf of the Partnership as
fully to all intents and purposes as a General Partner of the Partnership might
or could do in person, hereby ratifying and confirming all that said
attorney-in-fact may lawfully do or cause to be done. This power of attorney
shall expire on December 31, 2000.
GAP COINVESTMENT PARTNERS II, L.P.
By /s/ Steven A. Denning
-----------------------------
Steven A. Denning
Managing General Partner
STATE OF Connecticut)
: ss.
COUNTY OF Fairfield)
On the 22nd day of December 1999, before me personally came Steven A.
Denning, to me known, and known to me to be the individual described in, and who
executed the foregoing document, and he acknowledged to me that he executed the
same.
/s/ Sheila Hughes Notary Public
- --------------------------
Sheila Hughes
