UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)
-----------------------
BRIGHAM EXPLORATION COMPANY
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
109178103
(CUSIP Number)
THOMAS J. MURPHY
C/O GENERAL ATLANTIC SERVICE CORPORATION
3 PICKWICK PLAZA
GREENWICH, CONNECTICUT 06830
TEL. NO.: (203) 629-8600
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
-----------------------
OCTOBER 31, 2000
(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(e), 1(f) or 1(g), check the following box |X|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. 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).
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<PAGE>
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109178103 PAGE 2 OF 11 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners III, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 4,107,956
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,107,956
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,107,956
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
<PAGE>
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109178103 PAGE 3 OF 11 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAP III Investors, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 4,107,956
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,107,956
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,107,956
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
<PAGE>
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109178103 PAGE 4 OF 11 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAP-Brigham Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 4,107,956
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,107,956
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,107,956
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
<PAGE>
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109178103 PAGE 5 OF 11 PAGES
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAP Coinvestment Partners II, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 4,107,956
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,107,956
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,107,956
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
<PAGE>
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109178103 PAGE 6 OF 11 PAGES
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Item 1. SECURITY AND ISSUER.
-------------------
This Amendment No. 1 to Schedule 13D is filed by the
undersigned to amend and supplement the Schedule 13D, dated as of March 3, 2000
(the "Original 13D") with respect to the shares of Common Stock, par value $0.01
per share (the "Common Stock") of Brigham Exploration Company, a Delaware
corporation (the "Company"). Capitalized terms used herein and not otherwise
defined shall have the meanings set forth in the Original 13D.
Item 2. IDENTITY AND BACKGROUND.
-----------------------
Item 2 is hereby amended and restated in its entirety.
This statement is being filed by a group, as defined in Rule
13d-5 of the General Rules and Regulations under the Securities Exchange Act of
1934, as amended (the "Exchange Act"). The members of the group are General
Atlantic Partners III, L.P., a Delaware limited partnership ("GAP LP"), GAP III
Investors, Inc., a Delaware corporation ("GAP III"), GAP-Brigham Partners, L.P.,
a Delaware limited partnership ("GAP- Brigham"), and GAP Coinvestment Partners
II, L.P., a Delaware limited partnership ("GAPCO II" and, collectively with GAP
LP, GAP III and GAP-Brigham, the "Reporting Persons"), all of which are located
at 3 Pickwick Plaza, Greenwich, Connecticut 06830. Each of the Reporting Persons
is engaged in acquiring, holding and disposing of interests in various companies
for investment purposes. The general partner of GAP LP is GAP III. The name,
residence or business address and present principal occupation or employment of
each director, executive officer and controlling person of GAP III is as
follows:
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109178103 PAGE 7 OF 11 PAGES
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PRINCIPAL
RESIDENCE OR OCCUPATION
NAME/TITLE BUSINESS ADDRESS OR EMPLOYMENT
---------- ---------------- -------------
Stephen P. Reynolds, 215 East 72nd Street Retired
President and Director New York, NY 10021
Steven A. Denning, 3 Pickwick Plaza Managing Member of
Director Greenwich, CT 06830 General Atlantic
Partners, LLC
David C. Hodgson, 3 Pickwick Plaza Managing Member of
Director Greenwich, CT 06830 General Atlantic
Partners, LLC
William E. Ford, 3 Pickwick Plaza Managing Member of
Director Greenwich, CT 06830 General Atlantic
Partners, LLC
Edwin C. Cohen, Carlin Ventures Private Investor
Director 445 Park Avenue
9th Floor
New York, NY 10022
Alexis M. Cranberg, Aspect Management President of oil and gas
Director 535 16th Street exploration company
Suite 820
Denver, CO 80202
Messrs. Cohen and Cranberg are not employed by or affiliated with either of
General Atlantic Partners, LLC, a Delaware limited liability company ("GAP
LLC"), GAP-Brigham or GAPCO II. The general partner of GAP-Brigham is Stephen P.
Reynolds. Mr. Reynolds is also a special advisor to GAP LLC. The general
partners of GAPCO II are Steven A. Denning, Peter L. Bloom, William E. Ford,
William O. Grabe, David C. Hodgson, Franchon M. Smithson, Clifton S. Robbins,
Matthew Nimetz, Mark F. Dzialga, Rene M. Kern and John Wong (collectively, the
"GAPCO II General Partners"). The business address
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109178103 PAGE 8 OF 11 PAGES
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of each of the GAPCO II General Partners is 3 Pickwick Plaza, Greenwich,
Connecticut 06830, and the present principal occupation or employment of each of
the GAPCO II General Partners is as a general partner of GAPCO II and as a
managing member of GAP LLC. Each of the officers and directors of GAP III and
each of the GAPCO II General Partners, other than Messrs. Kern and Wong, is a
citizen of the United States. Mr. Kern is a citizen of Germany and Mr. Wong is a
citizen of Singapore.
None of the Reporting Persons and none of the above
individuals has, during the last five years, been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction or subject to any judgment, decree or final order finding any
violation of federal or state securities laws or enjoining future violations of,
or prohibiting or mandating activities subject to, such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------
Unchanged.
Item 4. PURPOSE OF TRANSACTION.
----------------------
Item 4 is hereby amended and supplemented by the addition of
the following:
This statement is being filed as a result of the Reporting
Persons entering into a Stockholders Voting Agreement, dated October 31, 2000
(the "Voting Agreement"), with the Company, DLJ ESC II, L.P., a Delaware limited
partnership, DLJ MB Funding III, Inc., a Delaware corporation and certain other
shareholders of the Company (the "Shareholders"), pursuant to which the
Reporting Persons agreed, among other things, that at any special or
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109178103 PAGE 9 OF 11 PAGES
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annual meeting of shareholders of the Company, such Reporting Persons would vote
all of the shares of Common Stock beneficially owned by them to approve the
issuance of the Warrants (as hereinafter defined) and any future adjustments to
the Exercise Price (as hereinafter defined) thereof in accordance with the
Purchase Agreement (as hereinafter defined), all as more fully described in Item
6 below.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
Unchanged.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH
------------------------------------------------------------
RESPECT TO THE ISSUER.
---------------------
Item 6 is hereby amended and supplemented by the addition of
the following:
The Company entered into a Securities Purchase Agreement,
dated October 31, 2000 (the "Purchase Agreement"), pursuant to which the Company
agreed to issue and sell to certain purchasers an aggregate of up to one million
shares of its Series A Preferred Stock and Warrants (the "Warrants") to acquire
6,666,667 shares (the "Warrant Shares") of Common Stock at an exercise price of
$3.00 per share (the "Exercise Price").
Since the Warrant Shares will represent more than 20% of the
Company's outstanding voting securities and the Warrants will contain certain
anti-dilution provisions, the rules of The Nasdaq Stock Market, Inc. require the
Company's stockholders to approve the issuance of the Warrants, the
anti-dilution provisions thereof and any future adjustments to the Exercise
Price. Consequently, the Company, the Reporting Persons and the Shareholders
entered into the Voting Agreement.
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109178103 PAGE 10 OF 11 PAGES
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The foregoing summary of the Voting Agreement is qualified in
its entirety by reference to Exhibit 3 which is incorporated herein by
reference.
Item 7. MATERIALS TO BE FILED AS EXHIBITS.
---------------------------------
Exhibit 1: Agreement relating to the filing of joint
acquisition statements as required by Rule
13d-1(f)(1) under the Securities Exchange
Act of 1934, as amended.
Exhibit 2: Power of Attorney dated December 31, 1999
appointing Thomas J. Murphy Attorney-In -
Fact for GAPCO II.
Exhibit 3: Stockholders Voting Agreement, dated October
31, 2000 among the Company, DLJ ESC II,
L.P., ELJ MB Funding III, Inc. and certain
shareholders of the Company, including GAP
III, Gap-Brigham and GAPCO II.
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109178103 PAGE 11 OF 11 PAGES
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SIGNATURES
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 as of November 6, 2000.
GENERAL ATLANTIC PARTNERS III, L.P.
By: GAP III INVESTORS, INC.,
Its general partner
By: /s/ Thomas J. Murphy
--------------------------------------------
Name: Thomas J. Murphy
Title: Secretary
GAP III INVESTORS INC.
By: /s/ Thomas J. Murphy
--------------------------------------------
Name: Thomas J. Murphy
Title: Secretary
GAP-BRIGHAM PARTNERS, L.P.
By: /s/ Stephen P. Reynolds
--------------------------------------------
Name: Stephen P. Reynolds
Title: General Partner
GAP COINVESTMENT PARTNERS II, L.P.
By: /s/ Thomas J. Murphy
--------------------------------------------
Name: Thomas J. Murphy
Title: Attorney-In-Fact
