I MANY INC
3, 2000-07-12
BUSINESS SERVICES, NEC
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--------                                       UNITED STATES SECURITIES AND EXCHANGE COMMISSION        -----------------------------
 FORM 3                                                WASHINGTON, D.C. 20549                                   OMB APPROVAL
--------                                                                                               -----------------------------
                                       INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES          OMB Number:       3235-0104
                                                                                                        Expires: December 31, 2001
                              Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,   Estimated average burden
                                 Section 17(a) of the Public Utility Holding Company Act of 1935 or     hours per response ... 0.05
(Print or Type Responses)                Section 30(f) of the Investment Company Act of 1940           -----------------------------
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1. Name and Address of Reporting Person*         2. Date of Event Re-   4. Issuer Name And Ticker or Trading Symbol
                                                    quiring Statement
    Doyle            William            F.          (Month/Day/Year)        I-many, Inc. ("IMNY")
-------------------------------------------------                       ------------------------------------------------------------
    (Last)          (First)          (Middle)           July 2000       5. Relationship of Reporting Person(s) 6. If Amendment, Date
                                                 -----------------------    to Issuer (Check all applicable)      of Original
    I-many, Inc.                                 3. I.R.S. Identification X Director           10% Owner         (Month/Day/Year)
    537 Congress Street                             Number of            ----               ----
                                                    Reporting Person, if     Officer (give      Other (specify  --------------------
-------------------------------------------------   an entity (Voluntary)    title below)       below)         7. Individual or
                    (Street)                                            ----               ----                   Joint/Group Filing
                                                                                                                  (Check Applicable
                                                                                                                   Line)
                                                                           ---------------------------            Form filed by One
                                                                                                                X Reporting Person
                                                                                                               ---
                                                                                                                  Form filed by
                                                                                                                  More than One
    Portland,         ME               04101                                                                      Reporting Person
                                                                                                               ---
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    (City)          (State)            (Zip)                                TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED

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1. Title of Security                              2. Amount of Securities       3. Ownership        4. Nature of Indirect Beneficial
   (Instr. 4)                                        Beneficially Owned            Form: Direct        Ownership (Instr. 5)
                                                     (Instr. 4)                    (D) or Indirect
                                                                                   (I)  (Instr. 5)
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    Common Stock                                         526,055                        I             By Insight Capital Partners,
                                                                                                      III, L.P. (1)
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    Common Stock                                          92,213                        I             By Insight Capital Partners,
                                                                                                      III-Coinvestors, L.P. (1)
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    Common Stock                                         130,313                        I             By Insight Capital Partners
                                                                                                      (Cayman) III, L.P. (1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                 (Over)
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v).                                 SEC 1473 (7-97)

               POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED
               TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.

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FORM 3 (CONTINUED)   TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
                                SECURITIES)
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1. Title of Derivative Security    2. Date Exer-  3. Title and Amount of Securities   4. Conver-   5. Owner-   6. Nature of Indirect
   (Instr. 4)                         cisable and    Underlying Derivative Security      sion or      ship        Beneficial
                                      Expiration     (Instr. 4)                          Exercise     Form of     Ownership
                                      Date                                               Price of     Deriv-      (Instr. 5)
                                     (Month/Day/                                         Deri-        ative
                                      Year)                                              vative       Security:
                                   --------------------------------------------------    Security     Direct
                                                                             Amount                   (D) or
                                    Date     Expir-                          or                       Indirect
                                    Exer-    ation           Title           Number                   (I)
                                    cisable  Date                            of
                                                                             Shares                 (Instr. 5)
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    Stock option (right to buy)      (2)    12/1/09      Common Stock        187,500     $3.80          D
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    Stock option (right to buy)      (3)    7/12/10(3)   Common Stock         62,500     $10.00(3)      D
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Explanation of Responses:
(1)  The Reporting Person is a member of the general partners of the entities that own the reported securities. The reporting person
disclaims beneficial ownership of the securities indicated, and the reporting herein of such securities shall not be construed as an
admission that the undersigned is the beneficial owner of any such securities for purposes of Section 16 of the Securities
Exchange Act of 1934, as amended, or for any other purpose.
(2)  These options vest in four equal annual installments beginning on 12/1/00.
(3)  These otions will be granted on the date of pricing of I-many's initial public offering pursuant to an effective registration
statement, which is expected to be on 7/12/00. They will vest in three equal annual installments beginning on 7/12/01 (assuming a
pricing date of 7/12/00) and will have an exercise price equal to the initial public offering price (estimated to be $10.00)



                                                                       /s/ William F. Doyle                          7/7/00
                                                                       -------------------------------------  ----------------------
**Intentional misstatements or omissions of facts constitute Federal      **Signature of Reporting Person             Date
  Criminal Violations.  SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).         William F. Doyle

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
      SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.                                                  Page 2
                                                                                                                   SEC 1473 (3-99)
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