SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
PLATINUM SOFTWARE CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
72764 R 10 5
- --------------------------------------------------------------------------------
(CUSIP Number)
Pamela K. Hagenah
Integral Capital Partners
2750 Sand Hill Road
Menlo Park, California 94025
(415) 233-0360
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 3, 1996
- --------------------------------------------------------------------------------
(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(b)(3) or (4), check the following box
[ ].
Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. 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).
(Continued on following pages)
Page 1 of 30 Pages
Exhibit Index Contained on Page 24
<PAGE>
<TABLE>
<CAPTION>
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<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 2 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management, L.P. ("ICM")
94-3148666
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 677,176 shares, of which 617,562 shares are directly owned by
SHARES Integral Capital Partners, L.P. ("ICP") and 59,614 shares are
BENEFICIALLY directly owned by Integral Capital Partners International C.V.
OWNED BY EACH ("ICPI"). ICM is the general partner of ICP and the investment
REPORTING general partner of ICPI.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
677,176 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
677,176 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 3.65%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 3 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management II, L.P. ("ICM2")
94-3195370
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 740,861 shares, of which 538,468 shares are directly owned by
SHARES Integral Capital Partners II, L.P. ("ICP2") and 202,393 shares
BENEFICIALLY are directly owned by Integral Capital Partners International II
OWNED BY EACH C.V. ("ICPI2"). ICM2 is the general partner of ICP2 and the
REPORTING investment general partner of ICPI2.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
740,861 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
740,861 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 4.00%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 4 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management III, L.P. ("ICM3")
94-3239712
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 207,325 shares, of which 167,635 shares are directly owned by
SHARES Integral Capital Partners III, L.P. ("ICP3") and 39,690 shares
BENEFICIALLY are directly owned by Integral Capital Partners International
OWNED BY EACH III, L.P. ("ICPI3"). ICM3 is the general partner of ICP3 and the
REPORTING investment general partner of ICPI3.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
207,325 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,325 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.12%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 5 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners, L.P. ("ICP")
94-3148668
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 617,562 shares are directly owned by ICP. Integral Capital
SHARES Management, L.P. is the general partner of ICP.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
617,562 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
617,562 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 3.33%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 6 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International C.V. ("ICPI")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 59,614 shares are directly owned by ICPI. Integral Capital
SHARES Management, L.P. is the investment general partner of ICPI.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
59,614 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,614 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.32%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 7 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners II, L.P. ("ICP2")
94-3195372
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 538,468 shares are directly owned by ICP2. Integral Capital
SHARES Management II, L.P. is the general partner of ICP2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
538,468 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
538,468 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.91%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 8 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International II C.V. ("ICPI2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 202,393 shares are directly owned by ICPI2. Integral Capital
SHARES Management II, L.P. is the investment general partner of ICPI2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
202,393 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,393 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.09%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 9 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners III, L.P. ("ICP3")
94-3239713
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 167,635 shares are directly owned by ICP3. Integral Capital
SHARES Management III, L.P. is the general partner of ICP3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
167,635 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
167,635 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.90%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 10 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International III, L.P. ("ICPI3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 39,690 shares are directly owned by ICPI3. Integral Capital
SHARES Management III, L.P. is the investment general partner of ICPI3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
39,690 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,690 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.21%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 11 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roger B. McNamee
###-##-####
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 1,625,362 shares, of which 617,562 shares are directly owned by ICP,
SHARES 538,468 shares are directly owned by ICP2, 167,635 shares are
BENEFICIALLY directly owned by ICP3, 59,614 shares are directly owned by ICPI,
OWNED BY EACH 202,393 shares are directly owned by ICPI2, and 39,690 shares are
REPORTING directly owned by ICPI3. ICM is the general partner of ICP and the
PERSON investment general partner of ICPI; ICM2 is the general partner of
WITH ICP2 and the investment general partner of ICPI2; ICM3 is the general
partner of ICP3 and the investment general partner of ICPI3. Mr.
McNamee is a general partner of ICM, ICM2 and ICM3.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,625,362 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,625,362 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 8.77%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 12 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Powell
###-##-####
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 1,625,362 shares, of which 617,562 shares are directly owned by ICP,
SHARES 538,468 shares are directly owned by ICP2, 167,635 shares are directly
BENEFICIALLY owned by ICP3, 59,614 shares are directly owned by ICPI, 202,393
OWNED BY EACH shares are directly owned by ICPI2, and 39,690 shares are directly
REPORTING owned by ICPI3. ICM is the general partner of ICP and the investment
PERSON general partner of ICPI; ICM2 is the general partner of ICP2 and the
WITH investment general partner of ICPI2; ICM3 is the general partner of
ICP3 and the investment general partner of ICPI3. Mr. Powell is a
general partner of ICM, ICM2 and ICM3.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,625,362 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,625,362 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 8.77%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 13 of 30 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pamela K. Hagenah
###-##-####
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [ X ]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 948,186 shares, of which 538,468 shares are directly owned by
SHARES ICP2, 167,635 shares are directly owned by ICP3, 202,393 shares
BENEFICIALLY are directly owned by ICPI2, and 39,690 shares are directly owned
OWNED BY EACH by ICPI3. ICM2 is the general partner of ICP2 and the investment
REPORTING general partner of ICPI2; ICM3 is the general partner of ICP3 and
PERSON the investment general partner of ICPI3. Ms. Hagenah is a
WITH general partner of ICM2 and ICM3.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
948,186 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
948,186 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 5.12%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 14 of 30
This statement constitutes Amendment No. 4 to the statement on
Schedule 13D of Platinum Software Corporation (the "Issuer") filed on October 1,
1994, as amended by Amendment No. 1 thereto filed on January 21, 1995, as
further amended by Amendment No. 2 thereto filed on June 7, 1995, and as further
amended by Amendment No. 3 thereto filed on July 2, 1996 (as so amended, the
"Schedule 13D") by and on behalf of Integral Capital Management, L.P., a
Delaware limited partnership ("ICM"), Integral Capital Management II, L.P., a
Delaware limited partnership ("ICM2"), Integral Capital Management III, L.P., a
Delaware limited partnership ("ICM3"), and the general partners of ICM, ICM2 and
ICM3. The principal business address of ICM, ICM2 and ICM3 is 2750 Sand Hill
Road, Menlo Park, California 94025. The names, business addresses, occupations
and citizenships of all the general partners of ICM, ICM2 and ICM3 are set forth
on Exhibit B hereto. Capitalized terms not defined herein have the meaning
ascribed to them in the Schedule 13D.
Only those items amended are reported herein.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended and restated in
full as follows:
This statement is being filed by Integral Capital Management,
L.P., a Delaware limited partnership ("ICM"), Integral Capital Management II,
L.P. ("ICM2") and Integral Capital Management III, L.P. ("ICM3"). The principal
business address of ICM, ICM2 and ICM3 is 2750 Sand Hill Road, Menlo Park,
California 94025. The names, business addresses, occupations and citizenships of
all the general partners of ICM, ICM2 and ICM3 are set forth on Exhibit B
hereto.
ICM is the general partner of Integral Capital Partners, L.P.,
a Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). ICM2 is the general partner of Integral Capital Partners
II, L.P., a Delaware limited partnership ("ICP2"), and the investment general
partner of Integral Capital Partners International II C.V., a Netherlands
Antilles limited partnership ("ICPI2"). ICM3 is the general partner of Integral
Capital Partners III, L.P., a Delaware limited partnership ("ICP3"), and the
investment general partner of Integral Capital Partners International III, L.P.,
a Cayman Islands exempted limited partnership ("ICPI3"). With respect to ICM,
ICM2 and ICM3, and the general partners of ICM, ICM2 and ICM3, this statement
relates only to ICM's, ICM2's and ICM3's indirect, beneficial ownership of
shares of Common Stock of the Issuer (the "Common Stock"), Series B Preferred
Stock of the Issuer (the "Series B Preferred Stock") and Series C Preferred
Stock of the Issuer (the "Series C Preferred Stock") (together, the "Shares").
Each share of the Series B Preferred Stock is convertible into one share of
Common Stock. Each share of the Series C Preferred Stock is convertible into ten
shares of Common Stock. The Shares have been purchased by ICP, ICPI, ICP2,
ICPI2, ICP3, and ICPI3, and none of ICM, ICM2, ICM3, or the general partners of
ICM, ICM2 and ICM3 directly or otherwise hold any Shares. Management of the
business affairs of ICM, ICM2 and ICM3, including decisions respecting
disposition and/or voting of the Shares, resides in the general partners of ICM,
ICM2 and ICM3 listed on Exhibit B hereto.
To the best of ICM's, ICM2's and ICM3's knowledge, none of the
persons listed on Exhibit B hereto has, during the last five years, been
convicted in a criminal proceeding
<PAGE>
Page 15 of 30
(excluding traffic violations or similar misdemeanors) or been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to federal or state securities laws or finding any violation
with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 of the Schedule 13D is hereby amended and restated in
full as follows:
The aggregate amount of consideration required by ICP, ICPI,
ICP2, ICPI2, ICP3 and ICPI3 to purchase the 1,625,362 shares to which this
statement relates was approximately $13.7 million. The consideration was
obtained from the working capital of ICP, ICPI, ICP2, ICPI2, ICP3 and ICPI3.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and restated in
full as follows:
The purchases of the Series B Preferred Stock by ICP, ICPI,
ICP2 and ICPI2 were made pursuant to a Stock Purchase Agreement, dated as of
September 22, 1994, by and among the Issuer, ICP, ICP2, ICPI, ICPI2 and various
other investors (the "Series B Agreement"). Pursuant to the Series B Agreement,
ICP, ICP2, ICPI and ICPI2 purchased 137,740 shares, 86,338 shares, 14,458 shares
and 32,712 shares of Series B Preferred Stock, respectively. The purchases of
Series C Preferred Stock by ICP, ICPI, ICP2 and ICPI2 were made pursuant to the
Amendment Agreement to Series B Agreement, dated as of May 26, 1995 (the
"Amendment Agreement"). Pursuant to the Amendment Agreement, ICP, ICP2, ICPI and
ICPI2 purchased 12,490 shares, 8,696 shares, 1,192 shares and 3,037 shares of
Series C Preferred Stock, respectively. The Common Stock was acquired pursuant
to (1) open market purchases and (2) a settlement of a securities class action
lawsuit. The purchases of the Shares were not made for the purpose of acquiring
control of the Issuer. From time to time, ICM may, in the ordinary course of its
role as general partner of ICP and the investment general partner of ICPI,
direct ICP and/or ICPI to purchase additional shares or sell all or a portion of
the Shares now held by ICP or ICPI, and ICM2 may, in the ordinary course of its
role as general partner of ICP2 and the investment general partner of ICPI2,
direct ICP2 and/or ICPI2 to purchase additional shares or sell all or a portion
of the Shares now held by ICP2 or ICPI2. ICM3 may, in the ordinary course of its
role as general partner of ICP3 and the investment general partner of ICPI3,
direct ICP3 and/or ICPI3 to purchase additional shares or sell all or a portion
of the Shares now held by ICP3 or ICPI3.
Except as set forth above, none of ICM, ICM2, ICM3 nor the
persons listed on Exhibit B hereto has any current plans or proposals that
relate to or would result in the occurrence of any of the actions or events
enumerated in clause (a) through (j) of Item 4 of Schedule 13D.
<PAGE>
Page 16 of 30
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated in
full as follows:
A. Integral Capital Management, L.P. ("ICM")
(a) Amount Beneficially Owned: 677,176
Percent of Class: 3.65%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 677,176
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 677,176
(c) To the best knowledge of ICM, none of ICP, ICPI, ICM, nor any of
the persons listed as general partners of ICM on Exhibit B has directly effected
any transactions in the Shares during the 60 days prior to September 3, 1996
through the date hereof, other than as set forth in Items 5B(c) and 5C(c) below.
(d) ICM is the general partner of Integral Capital Partners, L.P., a
Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). Roger B. McNamee and John A. Powell are the general
partners of ICM and therefore have the power to direct the affairs of ICM,
including decisions respecting the disposition of the proceeds from the sale of
the Shares. Under certain circumstances set forth in the limited partnership
agreements of ICP, ICPI and ICM, the general and limited partners of such
entities may receive dividends from, or the proceeds from the sale of Shares of
Common Stock of Platinum Software Corporation owned, directly or indirectly, by
each such entity.
(e) Not applicable.
B. Integral Capital Management II, L.P. ("ICM2")
(a) Amount Beneficially Owned: 740,861
Percent of Class: 4.00%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 740,861
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 740,861
(c) To the best knowledge of ICM2, none of ICP2, ICPI2, ICM2, nor any
of the persons listed as general partners of ICM2 on Exhibit B has directly
effected any transactions in the Shares during the 60 days prior to September 3,
1996 through the date hereof, other than the open market purchases on August 30,
1996 by ICP2 and ICPI2 of 4,072 shares and 1,463 shares of Common Stock,
respectively, at a purchase price per share of $9.875, the open market purchases
on September 3, 1996, by ICP2 and ICPI2 of 16,290 shares and 5,850 shares of
Common Stock, respectively, at a purchase price per share of $10.00, the open
market purchases on September 6, 1996 by ICP2 and ICPI2 of 18,390 shares and
6,610 shares of Common Stock, respectively, at a purchase price per share of
$9.95, and the transactions set forth in Item 5C(c)
<PAGE>
Page 17 of 30
below.
(d) ICM2 is the general partner of ICP2 and the investment general
partner of ICPI2. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM2 and therefore have the power to direct the affairs of
ICM2, including decisions respecting the disposition of the proceeds from the
sale of the Shares. Under certain circumstances set forth in the limited
partnership agreements of ICP2, ICPI2 and ICM2, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Platinum Software Corporation owned, directly or
indirectly, by each such entity.
(e) Not applicable.
C. Integral Capital Management III, L.P. ("ICM3")
(a) Amount Beneficially Owned: 207,325
Percent of Class: 1.12%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 207,325
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 207,325
(c) To the best knowledge of ICM3, none of ICP3, ICPI3, ICM3, nor any
of the persons listed as general partners of ICM3 on Exhibit B has directly
effected any transactions in the Shares during the 60 days prior to September 3,
1996 through the date hereof, other than the open market purchases on August 8,
1996 by ICP3 and ICPI3 of 40,430 shares and 9,570 shares of Common Stock,
respectively, at a purchase price per share of $9.313, the open market purchases
on August 9, 1996 by ICP3 and ICPI3 of 80,855 shares and 19,145 shares of Common
Stock, respectively, at a purchase price per share of $9.737 per share, the open
market purchases on August 30, 1996 by ICP3 and ICPI3 of 3,610 shares and 855
shares of Common Stock, respectively, at a purchase price per share of $9.875,
the open market purchases on September 3, 1996, by ICP3 and ICPI3 of 14,440
shares and 3,420 shares of Common Stock, respectively, at a purchase price per
share of $10.00, the open market purchases on September 5, 1996 by ICP3 and
ICPI3 of 28,300 shares and 6,700 shares of Common Stock, respectively, at a
purchase price per share of $10.00, and the transaction set forth in Item 5B(c)
above.
(d) ICM3 is the general partner of ICP3 and the investment general
partner of ICPI3. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM3 and therefore have the power to direct the affairs of
ICM3, including decisions respecting the disposition of the proceeds from the
sale of the Shares. Under certain circumstances set forth in the limited
partnership agreements of ICP3, ICPI3 and ICM3, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Platinum Software Corporation owned, directly or
indirectly, by each such entity.
(e) Not applicable.
<PAGE>
Page 18 of 30
D. Roger B. McNamee
(a) Amount Beneficially Owned: 1,625,362
Percent of Class: 8.77%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,625,362
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
1,625,362
(c) Please see Items 5A(c), 5B(c) and 5C(c)above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
E. John A. Powell
(a) Amount Beneficially Owned: 1,625,362
Percent of Class: 8.77%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 1,625,362
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition:
1,625,362
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
F. Pamela K. Hagenah
(a) Amount Beneficially Owned: 948,186
Percent of Class: 5.12%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 948,186
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 948,186
(c) Please see Items 5B(c) and 5C(c) above.
(d) Please see Items 5B(d) and 5C(d) above.
(e) Not applicable.
G. Integral Capital Partners, L.P.
(a) Aggregate number of Shares owned: 617,562
Percentage: 3.33%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 617,562
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 617,562
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
<PAGE>
Page 19 of 30
(e) Not applicable.
H. Integral Capital Partners International C.V.
(a) Aggregate number of Shares owned: 59,614
Percentage: 0.32%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 59,614
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 59,614
(c) See Item 5A(c) above.
(d) See Item 5A(d) above.
(e) Not applicable.
I. Integral Capital Partners II, L.P.
(a) Aggregate number of Shares owned: 538,468
Percentage: 2.91%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 538,468
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 538,468
(c) See item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
J. Integral Capital Partners International II C.V.
(a) Aggregate number of Shares owned: 202,393
Percentage: 1.09%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 202,393
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 202,393
(c) See Item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
K. Integral Capital Partners III, L.P.
(a) Aggregate number of Shares owned: 167,635
Percentage: 0.90%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 167,635
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 167,635
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
<PAGE>
Page 20 of 30
L. Integral Capital Partners International III, L.P.
(a) Aggregate number of Shares owned: 39,690
Percentage: 0.21%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 39,690
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 39,690
(c) See Item 5C(c) above.
(d) See Item 5C(d) above.
(e) Not applicable.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Exhibit A: Agreement of Joint Filing
Exhibit B: List of General Partners of Integral Capital Management,
L.P., Integral Capital
Management II, L.P. and Integral Capital Management III,
L.P.
<PAGE>
Page 21 of 30
SIGNATURE
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: September 9, 1996
INTEGRAL CAPITAL MANAGEMENT, L.P.
By: /s/ John A. Powell
--------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
--------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
--------------------------------
Pamela K. Hagenah
a General Partner
ROGER B. McNAMEE
JOHN A. POWELL
By: /s/ Pamela K. Hagenah
--------------------------------
Pamela K. Hagenah
Attorney-in-Fact
/s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
<PAGE>
Page 22 of 30
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
-----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL C.V.
By Integral Capital Management, L.P.,
its Investment General Partner
By: /s/ John A. Powell
-----------------------------------
John A. Powell
a General Partner
<PAGE>
Page 23 of 30
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II C.V.
By Integral Capital Management II, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 24 of 30
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 25
Exhibit B: List of General Partners of Integral Capital 28
Management, L.P., Integral Capital Management
II, L.P. and Integral Capital Management III, L.P.
<PAGE>
Page 25 of 30
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly
pursuant to Rule 13d-1(f)(1) of the Act the statement dated September 9, 1996
containing the information required by Schedule 13D, for the 1,625,362 Shares of
capital stock of Platinum Software Corporation held by Integral Capital
Partners, L.P., a Delaware limited partnership, Integral Capital Partners
International C.V., a Netherlands Antilles limited partnership, Integral Capital
Partners II, L.P., a Delaware limited partnership, Integral Capital Partners
International II C.V., a Netherlands Antilles limited partnership, Integral
Capital Partners III, L.P., a Delaware limited partnership and Integral Capital
Partners International III, L.P., a Cayman Islands exempted limited partnership.
Date: September 9, 1996
INTEGRAL CAPITAL MANAGEMENT, L.P.
By: /s/ John A. Powell
-----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
ROGER B. McNAMEE
JOHN A. POWELL
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
Attorney-in-Fact
<PAGE>
Page 26 of 30
/s/ Pamela K. Hagenah
--------------------------------------
Pamela K. Hagenah
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
-----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL C.V.
By Integral Capital Management, L.P.,
its Investment General Partner
By: /s/ John A. Powell
-----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL II C.V.
By Integral Capital Management II, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 27 of 30
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III, L.P.,
its General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
INTEGRAL CAPITAL PARTNERS INTERNATIONAL III, L.P.
By Integral Capital Management III, L.P.,
its Investment General Partner
By: /s/ Pamela K. Hagenah
-----------------------------------
Pamela K. Hagenah
a General Partner
<PAGE>
Page 28 of 30
EXHIBIT B
General Partners of
Integral Capital Management, L.P.
Set forth below, with respect to each general partner of
Integral Capital Management, L.P., is the following: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P.,
Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P.,
Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
<PAGE>
Page 29 of 30
General Partners of
Integral Capital Management II, L.P.
Set forth below, with respect to each general partner of
Integral Capital Management II, L.P., is the following: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P.,
Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P.,
Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P.
and Integral Capital Management III, L.P.
(d) United States Citizen
<PAGE>
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General Partners of
Integral Capital Management III, L.P.
Set forth below, with respect to each general partner of
Integral Capital Management III, L.P., is the following: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P.,
Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P.,
Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P.
and Integral Capital Management III, L.P.
(d) United States Citizen
