UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Predictive Systems, Inc.
------------------------
(Name of Issuer)
Common Stock, par value $.001 per share
---------------------------------------
(Title of Class of Securities)
74036W102
---------
(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 9 pages
CUSIP NO. 74036W102 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 6,880,006
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 6,880,006
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,880,006
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 29.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person 00
- --------------------------------------------------------------------------------
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Page 3 of 9 pages
CUSIP NO. 74036W102 13G
- --------------------------------------------------------------------------------
1. Name of Reporting Person General Atlantic Partners 54, 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 6,880,006
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 6,880,006
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,880,006
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 29.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 4 of 9 pages
CUSIP NO. 74036W102 13G
- --------------------------------------------------------------------------------
1. Name of Reporting Person General Atlantic Partners 57, 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 6,880,006
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 6,880,006
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,880,006
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 29.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 5 of 9 pages
CUSIP NO. 74036W102 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 6,880,006
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 6,880,006
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,880,006
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares [_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9 29.7%
- --------------------------------------------------------------------------------
12. Type of Reporting Person PN
- --------------------------------------------------------------------------------
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Page 6 of 9 pages
CUSIP No. 74036W102
SCHEDULE 13G
This Schedule 13G is filed by the undersigned with respect to the
shares of common stock, par value $.001 per share (the "Common Stock"), of
Predictive Systems, Inc. (the "Company").
Item 1. (a) Name of Issuer
Predictive Systems, Inc.
(b) Address of Issuer's Principal Executive Offices
145 Hudson Street
New York, New York 10013
Item 2. (a) Names of Persons Filing
General Atlantic Partners, LLC ("GAP")
General Atlantic Partners 54, L.P. ("GAP 54")
General Atlantic Partners 57, L.P. ("GAP 57")
GAP Coinvestment Partners II, L.P. ("GAPCO II" and, together with
GAP, GAP 54 and GAP 57, 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 54 -- Delaware
GAP 57 -- Delaware
GAPCO II -- Delaware
(d) Title of Class of Securities
Common Stock, par value $.001 per share (the "Shares")
(e) CUSIP Number
74036W102
Item 3. This statement is not filed pursuant to either Rule 13d-1(b) or
13d-2(b).
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Page 7 of 9 pages
CUSIP No. 74036W102
Item 4. As of December 31, 1999, GAP, GAP 54, GAP 57 and GAPCO II
owned of record no Shares, 5,350,441 Shares, 349,918 Shares and
1,179,647 Shares, respectively, or 0.0%, 23.1%, 1.5% and 5.1%,
respectively, of the issued and outstanding Shares. The general
partner of GAP 54 and GAP 57 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 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 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 6,880,006 Shares or 29.7% 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 6,880,006 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 8 of 9 pages
CUSIP No. 74036W102
Item 10. Certification
Not applicable.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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Page 9 of 9 pages
CUSIP No. 74036W102
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 54, L.P.
By: GENERAL ATLANTIC PARTNERS, LLC
its General Partner
By: /s/ Thomas J. Murphy
--------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GENERAL ATLANTIC PARTNERS 57, 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 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
