UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Brigham Exploration Company
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
109178103
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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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CUSIP NO. 109178103 Page 2 of 8 pages
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1 Name of Reporting Person General Atlantic Partners III, 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 2,807,143
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,807,143
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,807,143
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 22.9%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
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CUSIP NO. 109178103 Page 3 of 8 pages
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1. Name of Reporting Person GAP III Investors, Inc.
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 2,807,143
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,807,143
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,807,143
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 22.9%
- --------------------------------------------------------------------------------
12. Type of Reporting Person CO
- --------------------------------------------------------------------------------
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CUSIP NO. 109178103 Page 4 of 8 pages
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- --------------------------------------------------------------------------------
1. Name of Reporting Person GAP-Brigham 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 Delaware
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 2,807,143
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 2,807,143
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,807,143
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares ______
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 22.9%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 109178103 Page 5 of 8 pages
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Item 1.
(a) Name of Issuer
Brigham Exploration Company
(b) Address of Issuer's Principal Executive Offices
6300 Bridgepoint Parkway
Bldg. 2, Suite 500
Austin, Texas 78730
Item 2.
(a) Names of Persons Filing
General Atlantic Partners III, L.P. ("GAP LP")
GAP III Investors, Inc. ("GAP III")
GAP-Brigham Partners, L.P. ("GAP-Brigham" and,
together with GAP LP and GAP III, the "Reporting
Persons")
(b) Address of Principal Business Office
c/o General Atlantic Service Corporation
3 Pickwick Plaza
Greenwich, CT 06830
(c) Citizenship
GAP LP - Delaware
GAP III - Delaware
GAP-Brigham - Delaware
(d) Title of Class Securities
Common Stock, par value $.01 per share (the "Shares")
(e) CUSIP Number
109178103
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CUSIP NO. 109178103 Page 6 of 8 pages
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Item 3. This statement is not filed pursuant to Rule 13d-1(b), or
13d-2(b).
Item 4. As of December 31, 1997, GAP LP, GAP III and GAP-Brigham each
owned of record 2,679,418 Shares, no Shares and 127,725
Shares, respectively, or 21.9%, 0% and 1%, respectively, of
the issued and outstanding Shares. The general partner of GAP
LP is GAP III. Stephen P. Reynolds is President of GAP III,
and the general partner of GAP-Brigham. He is also a director
of Brigham Exploration Company. By virtue of the fact that
Stephen P. Reynolds, as President of GAP III and general
partner of GAP-Brigham, is authorized and empowered to vote
and dispose of the securities held by GAP LP and GAP-Brigham,
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, 1997,
each of the Reporting Persons may be deemed to own
beneficially an aggregate of 2,807,143 Shares or 22.9% 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 2,807,143 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 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
See Item 4.
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CUSIP NO. 109178103 Page 7 of 8 pages
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Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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CUSIP NO. 109178103 Page 8 of 8 pages
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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 5, 1998.
GENERAL ATLANTIC PARTNERS III, L.P.
By: GAP III INVESTORS, INC.
its General Partner
By: /s/ Stephen P. Reynolds
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Stephen P. Reynolds,
President
GAP III INVESTORS, INC.
By: /s/ Stephen P. Reynolds
--------------------------------------
Stephen P. Reynolds,
President
GAP-BRIGHAM PARTNERS, L.P.
By: /s/ Stephen P. Reynolds
--------------------------------------
Stephen P. Reynolds,
President
