UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. FOUR )*
Computron Software, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
205631104
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 1 of 23 Pages
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 2 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Limited Partnership
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
345,646
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,884,715
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 345,646
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
2,884,715
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 3 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Limited Partnership C.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
2,884,715
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 345,646
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 2,884,715
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
345,646
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 4 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Management L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 5 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Offshore Management, N.V.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,884,715
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
2,884,715
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,884,715
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.1%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 6 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Capital Partners L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 7 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 8 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 9 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen L. Green
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
8,598
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 8,598
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,238,959
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 10 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Deepak Kamra
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
4,549
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 4,549
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,234,910
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 11 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
4,000
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 4,000
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,234,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 12 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Migliorino
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
22,500
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 22,500
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,500
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 205631104 13G PAGE 13 OF 23 PAGES
- --------------------- -------------------
================================================================================
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /.
(b) / /.
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
NUMBER OF -------- --------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,230,361
EACH -------- --------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 0
-------- --------------------------------------
8. SHARED DISPOSITIVE POWER
3,230,361
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,230,361
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /.
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.5%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
ITEM 1(A). NAME OF ISSUER
Computron Software, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
301 Route 17 North, 12th Floor
Rutherford, NJ 07070
ITEM 2(A). NAME OF PERSON FILING
This statement is filed by Canaan Capital Limited Partnership, a
Delaware limited partnership, ("Canaan Capital"), Canaan Capital
Offshore Limited Partnership C.V., a Netherlands Antilles limited
partnership, ("Canaan Capital Offshore"), Canaan Capital Management
L.P. , a Delaware limited partnership, ("Canaan Capital Management"),
Canaan Capital Offshore Management, N.V., a Netherlands Antilles
corporation ("Canaan Corporation"), Canaan Capital Partners L.P., a
Delaware limited partnership, ("Canaan Partners") and Harry T. Rein,
James J. Fitzpatrick, Stephen L. Green, Deepak Kamra, Gregory
Kopchinsky, and Eric A. Young (collectively, the "Partners") and
Robert J. Migliorino. Canaan Capital Management (which serves as the
sole general partner of Canaan Capital and one of the two general
partners of Canaan Capital Offshore), Canaan Corporation (which
serves as the other general partner of Canaan Capital Offshore),
Canaan Partners (which serves as the general partner of Canaan
Capital Management), the Partners (who serve as general partners of
Canaan Partners), and Robert J. Migliorino (a retired partner of
Canaan Partners) are collectively referred to as the "Reporting
Persons" in this Schedule 13G.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Except in the case of Canaan Capital Offshore, Canaan Corporation,
Deepak Kamra, Eric A. Young and Robert J. Migliorino, the principal
business address of the Reporting Persons is 105 Rowayton Avenue,
Rowayton, CT 06853. The principal address of Canaan Capital Offshore
and Canaan Corporation is c/o ABN Trustcompany, Pietermaai 15,
Curacao, the Netherlands Antilles. The principal business address of
Deepak Kamra and Eric A. Young is 2884 Sand Hill Road, Suite 115,
Menlo Park, CA 94025. The residence address of Robert J. Migliorino
is 81 Eleven Levels Road, Ridgefield, CT 06877.
ITEM 2(C). CITIZENSHIP
Each of Canaan Capital, Canaan Capital Management and Canaan Partners
is a limited partnership organized under the laws of Delaware. Canaan
Capital Offshore is a limited partnership and Canaan Corporation is a
corporation, each organized under the laws of the Netherlands
Antilles. Each of the Partners and Robert J. Migliorino are citizens
of the United States.
Page 14 of 23 pages
<PAGE>
ITEM 2(D). TITLE OF CLASS OF SECURITIES
This Schedule 13G report relates to the Common Stock, par value $.01
("Common Stock") of Computron Software, Inc. ("the Company").
ITEM 2(E). CUSIP NUMBER
CUSIP number 205631104.
ITEM 3. IF THIS STATEMENT IF FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
None.
ITEM 4. OWNERSHIP
(a) Canaan Capital owns 345,646 shares of Common Stock and Canaan Capital
Offshore owns 2,884,715 shares of Common Stock. All other Reporting
Persons, except for Robert J. Migliorino, hold their respective
beneficially owned shares due to their relationships to the above
Partnerships as outlined in Item 2. In addition, Mr. Green owns 8,598
shares of Common Stock. Mr. Kamra owns 4,549 shares of Common Stock.
Mr. Kopchinsky owns 4,000 shares of Common Stock. Mr. Migliorino owns
22,500 shares of Common Stock.
(b) By virtue of their common control, Canaan Capital and Canaan Capital
Offshore each may be deemed to be the beneficial owners of 3,230,361
shares of Common Stock, representing beneficial ownership of 13.5% of
the Company. Canaan Capital Management, by virtue of its status as
general partner of Canaan Capital and Canaan Capital Offshore, may be
deemed to be the beneficial owner of 3,230,361 shares, representing
beneficial ownership of 13.5%. Canaan Corporation, by virtue of its
status as a general partner of Canaan Capital Offshore, may be deemed
to be the beneficial owner of 2,884,715 shares, representing
beneficial ownership of 12.1%. By virtue of its status as general
partner of Canaan Capital Management, Canaan Partners may be deemed
to be the beneficial owner of 3,230,361 shares, representing
beneficial ownership of 13.5%. By virtue of their status as general
partners of Canaan Partners, the Partners may each be deemed to be
the beneficial owner of 3,230,361 shares representing in the case of
each Partner, beneficial ownership of 13.5%. The foregoing
percentages are calculated based on the 23,913,557 shares of Common
Stock reported to be outstanding in the Quarterly Report on Form 10-Q
of the Issuer for the quarter ended September 30, 1999.
Page 15 of 23 Pages
<PAGE>
<TABLE><CAPTION>
NUMBER OF SHARES
--------------------------------------------------------------------
(c) Reporting Person (i) (ii) (iii) (iv)
- ------------------------- --------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Canaan Capital 345,646 2,884,715 345,646 2,884,715
Canaan Capital Offshore 2,884,715 345,646 2,884,715 345,646
Canaan Capital Management 0 3,230,361 0 3,230,361
Canaan Corporation 0 2,884,715 0 2,884,715
Canaan Partners 0 3,230,361 0 3,230,361
Harry T. Rein 0 3,230,361 0 3,230,361
James J. Fitzpatrick 0 3,230,361 0 3,230,361
Stephen L. Green 8,598 3,230,361 8,598 3,230,361
Deepak Kamra 4,549 3,230,361 4,549 3,230,361
Gregory Kopchinsky 4,000 3,230,361 4,000 3,230,361
Robert J. Migliorino 22,500 0 22,500 0
Eric A. Young 0 3,230,361 0 3,230,361
</TABLE>
(i) Sole power to vote or direct the vote
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
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
Each of the Reporting Persons expressly disclaims membership in a
"Group" as defined in Rule 13d-1 (b) (ii) (J).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable. This Schedule 13G is not filed pursuant to Rule
13d-1(b).
DATE: February 14, 2000
Page 16 of 23 Pages
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Canaan Capital Limited Partnership
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Limited Partnership C.V.
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Management L.P.
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: *
-----------------------------
Director
Canaan Capital Partners L.P.
By: *
-----------------------------
General Partner
Page 17 of 23 Pages
<PAGE>
*
- -------------------------------------
Harry T. Rein
*
- -------------------------------------
James J. Fitzpatrick
*
- -------------------------------------
Stephen L. Green
*
- -------------------------------------
Deepak Kamra
*
- -------------------------------------
Gregory Kopchinsky
*
- -------------------------------------
Robert J. Migliorino
*
- -------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
--------------------------
Guy M. Russo
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney a
copy of which is filed herewith as Exhibit 2.
Page 18 of 23 Pages
EXHIBIT 1
---------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
as amended, the undersigned agree that only one statement containing the
information required by Schedule 13G need be filed by each of the undersigned
with respect to the ownership by each of the undersigned of shares of stock of
Computron Software, Inc. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original.
Canaan Capital Limited Partnership
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Limited Partnership C. V.
By: Canaan Capital Management L.P.
Its General Partner
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Management L.P.
By: Canaan Capital Partners L.P.
Its General Partner
By: *
-----------------------------
General Partner
Canaan Capital Offshore Management, N.V.
By: *
-----------------------------
Director
Page 19 of 23 Pages
<PAGE>
Canaan Capital Partners L.P.
By: *
-----------------------------
General Partner
*
- -------------------------------------
Harry T. Rein
*
- -------------------------------------
James J. Fitzpatrick
*
- -------------------------------------
Stephen L. Green
*
- -------------------------------------
Deepak Kamra
*
- -------------------------------------
Gregory Kopchinsky
*
- -------------------------------------
Robert J. Migliorino
*
- -------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
--------------------------
Guy M. Russo
Attorney-in-Fact
- ----------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney a
copy of which is filed herewith as Exhibit 2.
Page 20 of 23 Pages
EXHIBIT 2
---------
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Guy M. Russo his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities (until
revoked in writing) to sign any and all instruments, certificates and documents
required to be executed on behalf of himself as an individual or in his capacity
as a general partner or authorized signatory, as the case may be, on behalf of
any of Canaan Capital Limited Partnership; Canaan Capital Offshore Limited
Partnership C.V.; Canaan Capital Offshore Management, N.V.; Canaan Capital
Management L.P. or Canaan Capital Partners, L.P. pursuant to the Securities Act
of 1933, as amended, (the "Securities Act"), or the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and any and all regulations promulgated
thereunder and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Securities Act,
the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
fully to all intents and purposes as he might or could do in person thereby, and
ratifying and confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof,
or may have done in connection with the matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 21 of 23 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 29th day of
January, 1998.
CANAAN CAPITAL LIMITED PARTNERSHIP
By: Canaan Capital Management, L.P.
Its General Partner
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
--------------------------------
General Partner
CANAAN CAPITAL OFFSHORE LIMITED PARTNERSHIP C.V.
By: Canaan Capital Management, L.P.
Its General Partner
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
--------------------------------
General Partner
CANAAN CAPITAL OFFSHORE MANAGEMENT, N.V.
By: /s/ Harry T. Rein
--------------------------------
Director
CANAAN CAPITAL MANAGEMENT, L.P.
By: Canaan Capital Partners, L.P.
Its General Partner
By: /s/ Harry T. Rein
--------------------------------
General Partner
CANAAN CAPITAL PARTNERS, L.P.
By: /s/ Harry T. Rein
--------------------------------
General Partner
Page 22 of 23 Pages
<PAGE>
/s/ Harry T. Rein
- -------------------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
- -------------------------------------
James J. Fitzpatrick
/s/ Stephen L. Green
- -------------------------------------
Stephen L. Green
/s/ Deepak Kamra
- -------------------------------------
Deepak Kamra
/s/ Gregory Kopchinsky
- -------------------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
- -------------------------------------
Robert J. Migliorino
/s/ Eric A. Young
- -------------------------------------
Eric A. Young
Page 23 of 23 Pages
