FORM 4 OMB APPROVAL
OMB NUMBER:3235-0287
EXPIRES:APRIL 30, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE 0.5
[ ]Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
GAP Coinvestment Partners, L.P.
(Last) (Middle)
c/o General Atlantic Service Corporation 3 Pickwick Plaza
Greenwich Connecticut 06830
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2. Issuer Name and Ticker or Trading Symbol
Marcam Corporation/Marcam
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement of Month/Year
07/96
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5. If Amendment, Date or Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director X 10% Owner
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Officer (give title below) Other
---------- ---------- (specify
below)
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Table I - Non-Derivative Securties Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
1. Title of security 2.Transaction 3.Transaction 4.Securities 5.Amount of 6.Ownership 7.Nature of
(Instr.3) Date Code Acquired (A) Securities Form: Indirect
(Instr. 8) or Disposed of (D) Beneficially Direct Beneficial
(Month/Day/Year) (Instr. 3,4 and 5) Owned at End (D) or Ownership
Month Indirect (Instr. 4)
(Instr. 3 and 4) (I)
(Instr. 4)
(A)
Code V Amount or Price
(D)
</TABLE>
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Print or Type Response)
<PAGE>
FORM 4 (CONTINUED)TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF
OR BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
1. Title of 2. Conversion 3. Transac- 4.Transaction 5.Number of 6.Date Exercisable
Derivative or Exercise tion Date Code Derivative and Expiration
Security Price of (Month/ (Instr. 8) Securities Date
(Instr.3) Derivative Day/Year) (A) or Dis- (Month/Day/Year)
Security posed of
(D)
(Instr. 3,
4 and 5)
Code V (A) (D) Date Exerci- Expiration
sable Date
Series E Con-
vertible Pre-
ferred Stock 10 for 1 7/23/96 P 13,681 Immediately (1)
Series D Con-
vertible Pre-
ferred Stock(3) 10 for 1 9/27/95
Common Stock
Purchase Warant $15.36/share 7/23/96 P 136,810 Immediately 7/23/03
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
Title of 7. Title and Amount 8. Price of Deriv- 9. Number of Deriv- 10. Ownership Form 11. Nature of Indirect
Derivative Underlying ative Security ative Securities of Derivative Beneficial Ownership
Security Securities (Instr. 5) Benficially Owned Security; Direct (Instr. 4)
(Instr.3) (Instr. 3 and 4) at End of Month (D) or Indirect
(Instr. 4) (I) (Instr. 4)
Title Amount or
Number of
Shares
Series E Con-
vertible Pre-
ferred Stock Common Stock 136,810 (2) 13,681 D N/A
Series D Con-
vertible Pre-
ferred Stock Common Stock 239,420 23,942 D N/A
(3)
Common Stock
Purchase War- Common Stock 136,810 (2) 136,810 D N/A
</TABLE>
Explanation of Responses:
(1) There is no expiration date by which the Series E Convertible Preferred
Stock (the "Preferred Stock") must be converted into Common Stock of Marcam.
However, if, at any time after July 23, 1999, for a period of not less than 30
consecutive trading days, the market value of the shares of Common Stock on the
principal securities exchange or market on which such Common Stock is then
traded exceeds $40 per share, then Marcam may elect to mandatorily convert all
outstanding shares of Preferred Stock.
(2) The reported securities of which the reporting person has direct
beneficial ownership were purchased for an aggregate of $10 million allocated
between the Preferred Stock and the Common Stock Purchase
Warrant purchased by the reporting person and Preferred Stock and a Common Stock
Purchase Warrant purchased by General Atlantic Parnters 32, L.P., an affiliate
of the reporting person.
(3) Previously reported on Form 3, dated October 5, 1995. There has been no
change in beneficial ownership of the Series D Convertible Preferred Stock
for purposes of this Form 4.
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient,
SEE Instruction 6 for procedure.
/s/ Stephen P. Reynolds 8/8/96
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**Signature of Reporting Person Date
By: Stephen P. Reynolds, A General Partner
