SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
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)
June 24, 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 26 Pages
Exhibit Index Contained on Page 19
<PAGE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 2 of 26 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*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
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>
- ----------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
CUSIP NO. 72764R 10 5 13D Page 3 of 26 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 688,186 shares, of which 499,716 shares are directly owned by
SHARES Integral Capital Partners II, L.P. ("ICP2") and 188,470 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
688,186 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,186 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 3.71%
- ----------- ------------------------------------------------------------------------------------------------------------------
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 26 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*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
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 5 of 26 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*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
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 6 of 26 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 499,716 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
499,716 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,716 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.70%
- ----------- ------------------------------------------------------------------------------------------------------------------
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 26 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 188,470 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
188,470 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
188,470 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.02%
- ----------- ------------------------------------------------------------------------------------------------------------------
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 26 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 1,365,362 shares, of which 617,562 shares are directly owned by
SHARES ICP, 499,716 shares are directly owned by ICP2, 59,614 shares are
BENEFICIALLY directly owned by ICPI, and 188,470 shares are directly owned by
OWNED BY EACH ICPI2. ICM is the general partner of ICP and the investment
REPORTING general partner of ICPI. ICM2 is the general partner of ICP2 and
PERSON the investment general partner of ICPI2. Mr. McNamee is a
WITH general partner of ICM and ICM2.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,365,362 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,365,362 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 7.37%
- ----------- ------------------------------------------------------------------------------------------------------------------
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 9 of 26 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 1,365,362 shares, of which 617,562 shares are directly owned by
SHARES ICP, 499,716 shares are directly owned by ICP2, 59,614 shares are
BENEFICIALLY directly owned by ICPI, and 188,470 shares are directly owned by
OWNED BY EACH ICPI2. ICM is the general partner of ICP and the investment
REPORTING general partner of ICPI. ICM2 is the general partner of ICP2 and
PERSON the investment general partner of ICPI2. Mr. Powell is a general
WITH partner of ICM and ICM2.
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,365,362 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,365,362 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 7.37%
- ----------- ------------------------------------------------------------------------------------------------------------------
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 10 of 26 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 688,186 shares, of which 499,716 shares are directly owned by
SHARES ICP2 and 188,470 shares are directly owned by ICPI2. ICM2 is the
BENEFICIALLY general partner of ICP2 and the investment general partner of
OWNED BY EACH ICPI2. Ms. Hagenah is a general partner of ICM2.
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
688,186 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
688,186 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
[ ]
<PAGE>
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 3.71%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 11 of 26
This statement constitutes Amendment No. 3 to the statement on Schedule
13D of Platinum Software Corporation (the "Issuer") filed on September 31, 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 (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"), and the general partners of ICM and ICM2.
The principal business address of ICM and ICM2 is 2750 Sand Hill Road, Menlo
Park, California 94025. The names, business addresses, occupations and
citizenships of all the general partners of ICM and ICM2 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") and Integral Capital Management II, L.P.
("ICM2"). The principal business address of ICM and ICM2 is 2750 Sand Hill Road,
Menlo Park, California 94025. The names, business addresses, occupations and
citizenships of all the general partners of ICM and ICM2 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"). With respect to ICM and ICM2 and the
general partners of ICM and ICM2, this statement relates only to ICM's and
ICM2'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 and ICPI2, and none of ICM, ICM2 or the
general partners of ICM and ICM2 directly or otherwise hold any Shares.
Management of the business affairs of ICM and ICM2, including decisions
respecting disposition and/or voting of the Shares, resides in the general
partners of ICM and ICM2 listed on Exhibit B hereto.
<PAGE>
To the best of ICM's and ICM2's knowledge, none of the persons listed
on Exhibit B hereto has, during the last five years, been convicted in a
criminal proceeding (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.
<PAGE>
Page 12 of 26
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 and
ICPI2 to purchase the 1,365,362 shares to which this statement relates was
approximately $11.2 million. The consideration was obtained from the working
capital of ICP, ICPI, ICP2 and ICPI2.
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.
Except as set forth above, none of ICM, ICM2 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.
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
<PAGE>
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
<PAGE>
Page 13 of 26
(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 June 24, 1996 through
the date hereof, other than the receipt by ICP and by ICPI of 9,561 shares and
995 shares, respectively, of Common Stock in connection with the partial
settlement of a securities class action suit, which shares were received by ICP
and ICPI on June 24, 1996.
(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: 688,186
Percent of Class: 3.71%
(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: 688,186
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 688,186
(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 June 24,
1996 through the date hereof, other than the receipt by ICP2 and ICPI2 of 3,129
shares and 1,279 shares, respectively, of Common Stock in connection with the
partial settlement of a securities class action suit, which shares were received
by ICP2 and ICPI2 on June 24, 1996.
(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
<PAGE>
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 14 of 26
C. Roger B. McNamee
(a) Amount Beneficially Owned: 1,365,362
Percent of Class: 7.37%
(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: 1,365,362
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 1,365,362
(c) Please see Items 5A(c) and 5B(c) above.
(d) Please see Items 5A(d) and 5B(d) above.
(e) Not applicable.
D. John A. Powell
(a) Amount Beneficially Owned: 1,365,362
Percent of Class: 7.37%
(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: 1,365,362
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 1,365,362
(c) Please see Items 5A(c) and 5B(c)) above.
(d) Please see Items 5A(d) and 5B(d) above.
(e) Not applicable.
Pamela K. Hagenah
(a) Amount Beneficially Owned: 688,186
Percent of Class: 3.71%
(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: 688,186
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 688,186
(c) Please see Item 5B(c) above.
(d) Please see Item 5B(d) above.
(e) Not applicable.
F. Integral Capital Partners, L.P.
(a) Aggregate number of Shares owned: 617,562
Percentage: 3.33%
<PAGE>
(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.
(e) Not applicable.
<PAGE>
Page 15 of 26
G. 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.
H. Integral Capital Partners II, L.P.
(a) Aggregate number of Shares owned: 499,716
Percentage: 2.70%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 499,716
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 499,716
(c) See item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
<PAGE>
I. Integral Capital Partners International II C.V.
(a) Aggregate number of Shares owned: 188,470
Percentage: 1.02%
(b) 1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: 188,470
3. Sole power to dispose or to direct the disposition: -0-
4. Shared power to dispose or to direct the disposition: 188,470
(c) See Item 5B(c) above.
(d) See Item 5B(d) above.
(e) Not applicable.
<PAGE>
Page 16 of 26
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. and Integral Capital Management II, L.P.
Exhibit C: Powers of Attorney
<PAGE>
Page 17 of 26
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: June 28, 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
ROGER B. McNAMEE
JOHN A. POWELL
By: /S/ PAMELA K. HAGENAH
___________________________________
Pamela K. Hagenah
Attorney-in-Fact
/S/ PAMELA K. HAGENAH
_______________________________________
Pamela K. Hagenah
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
<PAGE>
By: /S/ JOHN A. POWELL
___________________________________
John A. Powell
a General Partner
<PAGE>
Page 18 of 26
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 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 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 19 of 26
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
Exhibit A: Agreement of Joint Filing 20
Exhibit B: List of General Partners of Integral Capital 22
Management, L.P. and Integral Capital
Management II, L.P.
Exhibit C: Powers of Attorney 24
<PAGE>
Page 20 of 26
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 June 28, 1996, containing the
information required by Schedule 13D, for the 1,365,362 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, and Integral Capital Partners International II
C.V., a Netherlands Antilles limited partnership.
Date: June 28, 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
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 21 of 26
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 22 of 26
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 23 of 26
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>
Page 24 of 26
POWER OF ATTORNEY
The undersigned person hereby constitutes and appoints each of John A.
Powell and Pamela K. Hagenah as attorneys-in-fact with power of substitution for
the undersigned in any and all capacities, to sign and file any and all forms,
schedules, statements and other documents required to be filed by the
undersigned with the Securities and Exchange Commission with respect to any
shares of stock or other securities held by Integral Capital Partners, L.P.;
Integral Capital Partners II, L.P.; Integral Capital Partners III, L.P.;
Integral Capital Partners International C.V.; Integral Capital Partners
International II C.V.; and Integral Capital Partners International III, L.P.,
hereby ratifying and confirming all that each said attorneys-in-fact, or his or
her substitute or substitutes, may do or cause to be done by virtue hereof. This
power of attorney is effective on the date signed below and for a period of five
(5) years thereafter.
DATED: April 3, 1996
/s/ Roger B. McNamee
----------------------------------------
Roger B. McNamee
<PAGE>
Page 25 of 26
POWER OF ATTORNEY
The undersigned person hereby constitutes and appoints each of Roger B.
McNamee and Pamela K. Hagenah as attorneys-in-fact with power of substitution
for the undersigned in any and all capacities, to sign and file any and all
forms, schedules, statements and other documents required to be filed by the
undersigned with the Securities and Exchange Commission with respect to any
shares of stock or other securities held by Integral Capital Partners, L.P.;
Integral Capital Partners II, L.P.; Integral Capital Partners III, L.P.;
Integral Capital Partners International C.V.; Integral Capital Partners
International II C.V.; and Integral Capital Partners International III, L.P.,
hereby ratifying and confirming all that each said attorneys-in-fact, or his or
her substitute or substitutes, may do or cause to be done by virtue hereof. This
power of attorney is effective on the date signed below and for a period of five
(5) years thereafter.
DATED: April 3, 1996
/s/ John A. Powell
--------------------------------------
John A. Powell
<PAGE>
Page 26 of 26
POWER OF ATTORNEY
The undersigned person hereby constitutes and appoints each of Roger B.
McNamee and John A. Powell as attorneys-in-fact with power of substitution for
the undersigned in any and all capacities, to sign and file any and all forms,
schedules, statements and other documents required to be filed by the
undersigned with the Securities and Exchange Commission with respect to any
shares of stock or other securities held by Integral Capital Partners II, L.P.;
Integral Capital Partners III, L.P.; Integral Capital Partners International II
C.V.; and Integral Capital Partners International III, L.P., hereby ratifying
and confirming all that each said attorneys-in-fact, or his or her substitute or
substitutes, may do or cause to be done by virtue hereof. This power of attorney
is effective on the date signed below and for a period of five (5) years
thereafter.
DATED: April 3, 1996
/s/ Pamela K. Hagenah
----------------------------------------
Pamela K. Hagenah
