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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2(b)
(Amendment No. 2)
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 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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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NUMBER OF 5 SOLE VOTING POWER
SHARES 9,503,112
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 9,503,112
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,503,112
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (a) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.4%
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12 TYPE OF REPORTING PERSON*
00 (Professional Association)
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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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NUMBER OF 5 SOLE VOTING POWER
SHARES 1,063,960
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 9,503,112
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,063,960
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 9,503,112
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,567,072
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (a) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
21.6%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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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 beneficial 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 Class(1) Power Power Dispose Dispose
- ------------- ------------------- ----------- ------------- ------------- -------------- ------------
<S> <C> <C> <C> <C> <C> <C>
TOPA 9,503,112(2) 19.4% 9,503,112 -- 9,503,112 --
Reese 10,567,072(3) 21.6% 1,063,960 9,503,112 1,063,960 9,503,112
</TABLE>
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(1) Based on 48,998,741 shares of Common Stock outstanding as of December
31, 1997.
(2) Does not include 3,126,164 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 1,103,562 of such shares in 1998; 866,750 of such shares in
1999; and the balance of such shares in 2000. Includes 2,453,253 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 December 31, 1997.
(3) Includes 973,960 shares beneficially owned by Reese individually,
90,000 shares subject to currently exercisable options, and 9,503,112
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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Page 6 of 6 Pages
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.
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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