-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J+y+WXGVZETRvBWwdUXzvdRISL6OHTPZ8Xf1wqbVohDDfAfFpu61hFv+uZk+h9Yd cca7tQJ+Cd/N+5Vpvi1c+w== 0000903893-97-000212.txt : 19970221 0000903893-97-000212.hdr.sgml : 19970221 ACCESSION NUMBER: 0000903893-97-000212 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970211 SROS: NONE GROUP MEMBERS: CANAAN CAPITAL LIMITED PARTNERSHIP GROUP MEMBERS: CANAAN CAPITAL MANAGEMENT L.P. GROUP MEMBERS: CANAAN CAPITAL OFFSHORE LIMITED PARTNERSHIP, C.V. GROUP MEMBERS: CANAAN CAPITAL OFFSHORE MANAGEMENT, N.V. GROUP MEMBERS: CANAAN CAPITAL PARTNERS L.P. GROUP MEMBERS: DEEPAK KAMRA GROUP MEMBERS: ERIC A. YOUNG GROUP MEMBERS: GREGORY KOPCHINSKY GROUP MEMBERS: HARRY T. REIN GROUP MEMBERS: JAMES J. FITZPATRICK GROUP MEMBERS: ROBERT MIGLIORINO GROUP MEMBERS: STEPHEN L. GREEN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCE PARADIGM INC CENTRAL INDEX KEY: 0001012956 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 752493381 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48759 FILM NUMBER: 97523974 BUSINESS ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY STREET 2: SUITE 1900 CITY: IRVING STATE: TX ZIP: 75062 BUSINESS PHONE: 2148306199 MAIL ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY SUITE 1900 STREET 2: 545 E JOHN CARPENTER FREEWAY SUITE 1900 CITY: IRVING STATE: TX ZIP: 75062 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CANAAN CAPITAL LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0001012797 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 105 ROWAYTON AVE CITY: ROWAYTON STATE: CT ZIP: 06853 BUSINESS PHONE: 2038550400 MAIL ADDRESS: STREET 1: CANAAN CAPITAL LIMITED PARTNERSHIP STREET 2: 105 ROWAYTON AVE CITY: ROWAYTON STATE: CT ZIP: 06853 SC 13G 1 SCHEDULE 13G OMB APPROVAL OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response . . .14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.___)* Advance ParadigM, Inc. ---------------------- (Name of Issuer) Common Stock, $.01 par value ---------------------------- (Title of Class of Securities) 007491103 --------- (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 1 of 21 pages CUSIP No. 007491103 13G Page 2 of 21 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 117,000 NUMBER OF ----- -------------------------------------------------- ----- -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 973,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 117,000 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 973,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 21 pages CUSIP No. 007491103 13G Page 3 of 21 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 973,750 NUMBER OF ----- -------------------------------------------------- ----- -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 117,000 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 973,750 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 117,000 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 21 pages CUSIP No. 007491103 13G Page 4 of 21 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 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 21 pages CUSIP No. 007491103 13G Page 5 of 21 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 973,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 973,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 973,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.5% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * CO - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 21 pages CUSIP No. 007491103 13G Page 6 of 21 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 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 21 pages CUSIP No. 007491103 13G Page 7 of 21 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 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 21 pages CUSIP No. 007491103 13G Page 8 of 21 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 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 21 pages CUSIP No. 007491103 13G Page 9 of 21 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 15,500 NUMBER OF ----- -------------------------------------------------- ----- -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 15,500 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,106,250 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.2% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 21 pages CUSIP No. 007491103 13G Page 10 of 21 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 0 NUMBER OF ----- -------------------------------------------------- ----- -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 21 pages CUSIP No. 007491103 13G Page 11 of 21 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 0 NUMBER OF ----- -------------------------------------------------- ----- -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 21 pages CUSIP No. 007491103 13G Page 12 of 21 Pages - ------ ------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert 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 0 NUMBER OF ----- -------------------------------------------------- ----- -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 12 of 21 pages CUSIP No. 007491103 13G Page 13 of 21 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 1,090,750 ----- -------------------------------------------------- ----- -------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 ----- -------------------------------------------------- ----- -------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,090,750 - ----------------------- ----- -------------------------------------------------- - ------ ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,090,750 - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.9% - ------ ------------------------------------------------------------------------- - ------ ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - ------ ------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 13 of 21 pages ITEM 1 (A). NAME OF ISSUER: Advance ParadigM, Inc. ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 545 E. John Carpenter Freeway, Suite 1900 Irving, TX 75062 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, Deepak Kamra, Stephen L. Green, Gregory Kopchinsky, Robert J. Migliorino, and Eric A. Young (collectively, the "Partners"). 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), and the Partners (who serve as general partners 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 and Eric A. Young, 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. 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 are citizens of the United States. ITEM 2 (D). TITLE OF CLASS OF SECURITIES: This Schedule 13G report relates to the Common Stock, par value $.01 ("Common Stock") of Advance ParadigM, Inc. ("the Company"). ITEM 2 (E). CUSIP NUMBER: CUSIP number 007491103. Page 14 of 21 pages ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under Section 15 of the Securities Exchange Act of 1934 (the "Act"). (b) [ ] Bank as defined in Section 3 (a) (6) of the Act. (c) [ ] Insurance Company as defined in Section 3(a) (19) of the Act. (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940. (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1 (b) (1) (ii) (F) of the Act. (g) [ ] Parent Holding Company, in accordance with Rule 13d-1 (b) (ii) (G) of the Act. (h) [ ] Group, in accordance with Rule 13d-1 (b) (1) (ii) (H) of the Act. Not applicable. ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: By virtue of their common control, Canaan Capital and Canaan Capital Offshore each may be deemed to be the beneficial owners of 1,090,750 shares of Common Stock. 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 1,090,750 shares. Canaan Corporation, by virtue of its status as a general partner of Canaan Capital Offshore, may be deemed to be the beneficial owner of 973,750 shares. By virtue of its status as general partner of Canaan Capital Management, Canaan Partners may be deemed to be the beneficial owner of 1,090,750 shares. By virtue of their status as general partners of Canaan Partners, the Partners (except for Mr. Green) may each be deemed to be the beneficial owner of 1,090,750 shares. In addition, Stephen L. Green may be deemed to be the beneficial owner of 1,106,250 shares of Common Stock. Canaan Capital is the record owner of 117,000 shares of Common Stock and Canaan Capital Offshore is the record owner of 973,750 shares of Common Stock. All other Reporting Persons hold their respective beneficially owned shares due to their relationships to the above Partnerships as outlined in Page 15 of 21 pages Item 2. In addition, Stephen L. Green is the record owner of 15,500 shares of Common Stock as an individual. (b) Percent of Class: Canaan Capital: 13.9%; Canaan Capital Offshore: 13.9%; Canaan Capital Management: 13.9%: Canaan Corporation: 12.5%, Canaan Partners: 13.9%; the Partners (except for Mr. Green): 13.9%; and Stephen L. Green: 14.2%. The foregoing percentages are calculated based on the 7,800,817 shares of Common Stock reported to be outstanding in the Quarterly Report on Form 10-Q of Advance ParadigM, Inc. for the quarter ended 9/30/96. (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: Canaan Capital: 117,000 shares; Canaan Capital Offshore: 973,750 shares; and Stephen L. Green: 15,500 shares. (ii) Shared power to vote or direct the vote: Canaan Capital: 973,750 shares; Canaan Capital Offshore: 117,000 shares; Canaan Capital Management: 1,090,750 shares; Canaan Corporation: 973,750 shares; Canaan Partners: 1,090,750 shares; and the Partners: 1,090,750 shares. (iii) Sole power to dispose or to direct the disposition of: Canaan Capital: 117,000 shares; Canaan Capital Offshore: 973,750 shares; and Stephen L. Green: 15,500 shares. (iv) Shared power to dispose or to direct the disposition of: Canaan Capital: 973,750 shares; Canaan Capital Offshore: 117,000 shares; Canaan Capital Management: 1,090,750 shares; Canaan Corporation: 973,750 shares; Canaan Partners: 1,090,750 shares; and the Partners: 1,090,750 shares. 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) (H). Page 16 of 21 pages 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). Page 17 of 21 pages 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. February 10, 1997 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 Management L. P. 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 ----------------------- President Canaan Capital Partners L.P. By: /s/ Harry T. Rein ----------------------- General Partner Page 18 of 21 pages /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 19 of 21 pages EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) (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 Advance ParadigM, Inc. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. February 10, 1997 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 Management L. P. 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 ------------------------ President Canaan Capital Partners L.P. By: /s/ Harry T. Rein ------------------------ General Partner Page 20 of 21 pages /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 21 of 21 Pages -----END PRIVACY-ENHANCED MESSAGE-----