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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Physician Reliance Network, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
71940G 10 8
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(CUSIP Number)
Page 1 of 6 Pages
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CUSIP NO. 71940G 10 8 SCHEDULE 13G Page 2 OF 6 Pages
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(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Texas Oncology, P.A. (I.R.S. Employer Identification No. 75-2131429)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Texas
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(5) SOLE VOTING POWER
NUMBER OF 10,386,291
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 10,386,291
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(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,386,291
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (a) [ X ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.8%
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(12) TYPE OF REPORTING PERSON*
00 (Professional Association)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 OF 6 Pages
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Page 3 of 6 Pages
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrick H. Reese
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(5) SOLE VOTING POWER
NUMBER OF 939,985
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 10,386,291
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 939,985
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(8) SHARED DISPOSITIVE POWER
10,386,291
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,326,276
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (a) [ X ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.7%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 OF 6 Pages
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Page 4 of 6 Pages
SCHEDULE 13G
Item 1(a). Name of Issuer: Physician Reliance Network, Inc.
("PRN")
Item 1(b). Address of Issuer's Two Lincoln Center
Principal Executive 5420 LBJ Freeway, Suite 900
Offices: Dallas, TX 75240
Item 2(a). Name of Persons Filing: Texas Oncology, P.A.
("TOPA")
Merrick H. Reese ("Reese")
Item 2(b). Address of Principal Two Lincoln Center
Business Office: 5420 LBJ Freeway, Suite 900
Dallas, TX 75240 is the business
address for the persons listed
in Item 2(a).
Item 2(c). Organization/Citizenship: TOPA is a Texas professional
association.
Reese is a United States citizen.
Item 2(d). Title of Class Common stock
of Securities: ("Common Stock")
Item 2(e). CUSIP Number: 71940G 10 8
Item 3. Inapplicable.
Item 4. Ownership
This Schedule 13G is filed jointly by the reporting persons to
reflect ownership of Common Stock by TOPA and Reese and certain
overlapping beneficial ownership of such persons.
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Page 5 of 6 Pages
<TABLE>
<CAPTION>
Total Shares Shared
of PRN Common Percent Sole Shared Sole Power
Stock Beneficially of Voting Voting Power to to
Person Owned(1) Class(2) Power Power Dispose Dispose
- ---------- ------------------- -------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
TOPA 10,386,291(3) 21.8% 10,386,291 -- 10,386,291 --
Reese 11,326,276(4) 23.7% 939,985 10,386,291 939,985 10,386,291
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</TABLE>
(1) The number of shares beneficially owned has been adjusted to reflect a
2-for-1 split of PRN Common Stock effective June 1996.
(2) Based on 47,630,820 shares of Common Stock outstanding as of December 31,
1996.
(3) Does not include 3,478,104 shares of Common Stock owned by persons employed
by TOPA, which shares TOPA has options to purchase upon the occurrence of
certain events, including termination of employment, as to which TOPA
disclaims beneficial ownership. These options expire with respect to
183,512 of such shares in 1997; 1,209,296 of such shares in 1998; 903,862
of such shares in 1999; and the balance of such shares in 2000. Includes
2,081,432 shares of Common Stock subject to options to purchase shares of
PRN Common Stock owned by TOPA granted by TOPA to certain persons which are
exercisable within 60 days of the date hereof.
(4) Includes 864,497 shares beneficially owned by Reese individually, 75,488
shares subject to currently exercisable options, and 10,386,291 shares
beneficially owned by TOPA. See Note 2. Reese is President of TOPA. In such
capacity, Reese may be deemed to share voting and investment power with
respect to the shares owned by TOPA.
Item 5. Ownership of Five Percent or Less of a Class
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
Inapplicable.
Item 8. Identification and Classification of Members of the Group
Inapplicable.
Item 9. Notice of Dissolution of Group
Inapplicable.
Item 10. Certification
Inapplicable.
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SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certify that the information
set forth in this statement is true, complete, and correct as of this 13th day
of February, 1997.
Texas Oncology, P.A.
By: /s/ Merrick H. Reese
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Title: President
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Merrick H. Reese
/s/ Merrick H. Reese
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