FORM 3 OMB APPROVAL
OMB NUMBER:3235-0104
EXPIRES:APRIL 30, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE 0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
General Atlantic Partners, LLC
c/o General Atlantic Service Corporation, 3 Pickwick Plaza
Greenwich Connecticut 06830
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2. Date of Event Requiring Statement (Month/Day/Year)
8/15/96
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3. IRS or Social Security Number of Reporting Person
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4. Issuer Name and Ticker or Trading Symbol
E*TRADE GROUP, INC./EGRP
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director X 10% Owner
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Officer (give title below) Other
---------- ---------- (specify
below)
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6. If Amendment, date of Original
(Month/Day/Year)
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Table I - Non-Derivative Securties Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C>
1. Title of security 2. Amount of Securities 3.Ownership 4. Name of Indirect Beneficial Ownership
Beneficially Owned Form:Direct (Instr. 5)
(Inst.4) (Instr.4) (D) or Indirect
(I) (Inst. 5)
Common Stock 6,030,120 I By General Atlantic Partners II, L.P., of
which General Atlantic Partners, LLC is
the general partner.
</TABLE>
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
<PAGE>
FORM 3 (CONTINUED)TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G.,
puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conversion 5. Owner- 6.Nature of Indirect
Security(Instr. 4) and Expiration Date Securities Underlying or Exercise ship Beneficial Ownership
(Month/Day/Year) Derivative Security Price of Form of (Instr. 5)
(Instr. 4) Derivative Deriv-
Security ative
Security:
Direct (D)
or Indirect
Date Expiration Title Amount or (I)
Exer- Date Number of (Instr. 5)
cisable Shares
N/A
</TABLE>
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient,
See Instruction 6 for procedure.
/S/ Stephen P. Reynolds 8/15/96
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**Signature of Reporting Person Date
By: Stephen P. Reynolds, a Managing Member of General Atlantic Partners,
LLC
