UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Programmer's Paradise, Inc.
(Name of Issuer)
Common Stock Par Value $.01
(Title of Class of Securities)
743205106
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
Cusip No. 743205106 13G Page 2 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Investment Partners III A Limited Partnership
06-1088899
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power 220,803 shares of
Shares common stock
Bene-
ficially (6) Shared Voting Power Not Applicable
Owned by
Each (7) Sole Dispositive Power 220,803 shares of
Reporting common stock
Person
With (8) Shared Dispositive Power Not Applicable
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,803 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
<PAGE>
Cusip No. 743205106 13G Page 3 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Associates III, Limited Partnership
06-1093520
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,803 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,803 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,803 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
<PAGE>
Cusip No. 743205106 13G Page 4 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Investment Partners II A Limited Partnership
06-1045847
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power 138 shares of common
Shares stock
Bene-
ficially (6) Shared Voting Power Not Applicable
Owned by
Each (7) Sole Dispositive Power 138 shares of common
Reporting stock
Person
With (8) Shared Dispositive Power Not Applicable
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
138 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
<PAGE>
Cusip No. 743205106 13G Page 5 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Associates II, Limited Partnership
06-1056446
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 138 shares of common
ficially stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 138 shares of common
With stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
138 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
Less than 0.1%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
PN
<PAGE>
Cusip No. 743205106 13G Page 6 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Oak Management Corporation
06-0990851
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
CO
<PAGE>
Cusip No. 743205106 13G Page 7 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Bandel L. Carano
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
<PAGE>
Cusip No. 743205106 13G Page 8 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Gerald R. Gallagher
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
<PAGE>
Cusip No. 743205106 13G Page 9 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Edward F. Glassmeyer
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
<PAGE>
Cusip No. 743205106 13G Page 10 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Fredric W. Harman
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
<PAGE>
Cusip No. 743205106 13G Page 11 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Ann H. Lamont
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
<PAGE>
Cusip No. 743205106 13G Page 12 of 19 Pages
1 Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Persons
Eileen M. More
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of (5) Sole Voting Power Not Applicable
Shares
Bene- (6) Shared Voting Power 220,941 shares of
ficially common stock
Owned by
Each (7) Sole Dispositive Power Not Applicable
Reporting
Person (8) Shared Dispositive Power 220,941 shares of
With common stock
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each
Reporting Person
220,941 shares of common stock
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row 9
4.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
<PAGE>
Page 13 of 19 Pages
Schedule 13G
Amendment No. 2
Common Stock, Par Value $.01
CUSIP No. 743205106
Amendment No. 1 to the Schedule 13G is hereby amended by this Amendment No.
2, which is being filed to report options to purchase an additional 18,750
shares of Common Stock which were deemed to be held by Edward F. Glassmeyer on
behalf of Oak Investment Partners III A Limited Partnership as of December 31,
1996. Such options were not reported on Amendment No. 1. Item 4 of this
Amendment No. 2 and each cover sheet hereto have been corrected to reflect
ownership of such options, as of December 31, 1996, but do not reflect changes
in beneficial ownership by the Reporting Persons, or changes in outstanding
shares, since December 31, 1996.
Item 1(a) Name of Issuer:
Programmer's Paradise, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1163 Shrewsbury Avenue
Shrewsbury, NJ 07702
Item 2(a) Name of Person filing:
Oak Investment Partners II A Limited Partnership
Oak Associates II, Limited Partnership
Oak Investment Partners III A Limited Partnership
Oak Associates III, Limited Partnership
Oak Management Corporation
Bandel L. Carano
Gerald R. Gallagher
Edward F. Glassmeyer
Fredric W. Harman
Ann H. Lamont
Eileen M. More
Item 2(b) Address of Principal Business Office or, if none,
Residence:
c/o Oak Management Corporation
One Gorham Island
Westport, CT 06880
Item 2(c) Citizenship:
Please refer to Item 4 on each cover sheet for each filing
person
Item 2(d) Title of Class of Securities:
Common stock, $.01 par value
<PAGE>
Page 14 of 19 Pages
Item 2(e) CUSIP Number: 743205106
Item 3 Not Applicable.
Item 4 Ownership.
The approximate percentages of shares of Common Stock reported as
beneficially owned by the Reporting Entities is based upon 4,778,173 shares
outstanding as of November 7, 1996, as reported in the Issuer's Quarterly
Report on Form 10-Q for the fiscal quarter ended September 30, 1996, plus
the shares issuable upon exercise of the options described in the following
sentence. Amounts shown as beneficially owned include currently exercisable
options to purchase 138 shares of Common Stock and 18,987 shares of Common
Stock which are deemed to be held by Edward F. Glassmeyer on behalf of Oak
Investment Partners II A Limited Partnership, and Oak Investment Partners
III A Limited Partnership, respectively.
Please see Items 5, 6, 7, 8, 9 and 11 for each cover sheet for each filing
entity.
Item 5 Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].
Item 6 Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable
Item 8 Identification and Classification of Members of the Group.
Not applicable
Item 9 Notice of Dissolution of Group.
Not applicable
Item 10 Certification.
Not applicable
<PAGE>
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 May 21, 1997
Oak Investment Partners II
A Limited Partnership
By: Oak Associates II,
Limited Partnership,
As General Partner
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
Oak Associates II, Limited
Partnership
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
Oak Investment Partners III
A Limited Partnership
By: Oak Associates III,
Limited Partnership,
As General Partner
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
Oak Associates III, Limited
Partnership
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
<PAGE>
OAK MANAGEMENT CORPORATION
By: /s/ Edward F. Glassmeyer
------------------------------------
Name: Edward F. Glassmeyer
Title: President
/s/ Bandel L. Carano
------------------------------------
Bandel L. Carano
/s/ Fredric W. Harman
------------------------------------
Fredric W. Harman
/s/ Gerald R. Gallagher
------------------------------------
Gerald R. Gallagher
/s/ Edward F. Glassmeyer
------------------------------------
Edward F. Glassmeyer
/s/ Ann H. Lamont
------------------------------------
Ann H. Lamont
/s/ Eileen M. More
------------------------------------
Eileen M. More
<PAGE>
INDEX TO EXHIBITS
Page
----
EXHIBIT A Agreement of Reporting Persons 18
<PAGE>
Exhibit A
Each of the undersigned hereby agrees that Amendment No. 2 to the Schedule
13G filed on the date hereof with respect to the shares of Common Stock of
Programmer's Paradise, Inc. has been filed on behalf of the undersigned.
Signature:
Dated May 21, 1997
Oak Investment Partners II
A Limited Partnership
By: Oak Associates II,
Limited Partnership,
As General Partner
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
Oak Associates II, Limited
Partnership
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
Oak Investment Partners III
A Limited Partnership
By: Oak Associates III,
Limited Partnership,
As General Partner
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
Oak Associates III, Limited
Partnership
By: /s/ Edward F. Glassmeyer
------------------------------------
General Partner
<PAGE>
OAK MANAGEMENT CORPORATION
By: /s/ Edward F. Glassmeyer
------------------------------------
Name: Edward F. Glassmeyer
Title: President
/s/ Bandel L. Carano
------------------------------------
Bandel L. Carano
/s/ Fredric W. Harman
------------------------------------
Fredric W. Harman
/s/ Gerald R. Gallagher
------------------------------------
Gerald R. Gallagher
/s/ Edward F. Glassmeyer
------------------------------------
Edward F. Glassmeyer
/s/ Ann H. Lamont
------------------------------------
Ann H. Lamont
/s/ Eileen M. More
------------------------------------
Eileen M. More
