-----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, SSKfoXi5UHLs2MniDpa9wu3T39cEtW1NCseH9x2QinWN6F8hhqJs0ffUcd/zd8A5 +kT359UD0SL+UfK2luzu1g== 0000950135-97-000507.txt : 19970222 0000950135-97-000507.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950135-97-000507 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970212 SROS: NASD GROUP MEMBERS: CURRIE JAMES L GROUP MEMBERS: ESSEX VENTURE MANAGEMENT, L.P. GROUP MEMBERS: ESSEX VENTURE PARTNERS, L.P. FUND I GROUP MEMBERS: MARC S. SANDROFF SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAREXEL INTERNATIONAL CORP CENTRAL INDEX KEY: 0000799729 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 042776269 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45687 FILM NUMBER: 97527199 BUSINESS ADDRESS: STREET 1: 195 WEST ST CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 6174879900 MAIL ADDRESS: STREET 1: 195 WEST ST CITY: WALTHAM STATE: MA ZIP: 02154 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CURRIE JAMES L CENTRAL INDEX KEY: 0001033008 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 190 SOUTH LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3124446014 SC 13G/A 1 PAREXEL INTERNATIONAL CORPORATION 1 ---------------------------- 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. 1 )* PAREXEL International Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 699462 10 7 ------------------------------ (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). 2 - ------------------------- ------------------------------ CUSIP NO. 699462 10 7 13G PAGE 2 OF 11 PAGES ----------- --- ---- - ------------------------- ------------------------------ SCHEDULE 13G - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Essex Venture Partners, L.P. Fund I - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 11 pages 3 - ------------------------- ------------------------------ CUSIP NO. 699462 10 7 13G PAGE 3 OF 11 PAGES ----------- --- ---- - ------------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Essex Venture 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 11 pages 4 - ------------------------- ------------------------------ CUSIP NO. 699462 10 7 13G PAGE 4 OF 11 PAGES ----------- --- ---- - ------------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James L. Currie - -------------------------------------------------------------------------------- 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 21,333 NUMBER OF ------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 21,333 ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 21,333 - -------------------------------------------------------------------------------- 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 INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 11 pages 5 - ------------------------- ------------------------------ CUSIP NO. 13G PAGE 5 OF 11 PAGES ----------- --- ---- - ------------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marc S. Sandroff - -------------------------------------------------------------------------------- 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 0 EACH ------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 0 ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 11 pages 6 NOTE: This Statement on Schedule 13G is being filed on behalf of (i) Essex Venture Partners, L.P., Fund I, an Illinois limited partnership; (ii) Essex Venture Management, L.P., a Delaware limited partnership; (iii) James L. Currie; and (iv) Marc S. Sandroff. ITEM 1. (a) NAME OF ISSUER -------------- PAREXEL International Corporation (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES ----------------------------------------------- 195 West Street Waltham, MA 02154 ITEM 2. ITEM 2(a) ITEM 2(b) ITEM 2(c) --------- --------- --------- NAME OF PERSON FILING ADDRESS CITIZENSHIP --------------------- ------- ----------- OR PLACE OF ----------- ORGANIZATION ------------ Essex Venture Partners, L.P. Fund I 190 South LaSalle St. Illinois ("Essex") Chicago, IL 60603 Essex Venture Management, L.P. 190 South LaSalle St. Delaware the general partner of Essex Chicago, IL 60603 ("Venture") James L. Currie, the managing 190 South LaSalle St. United States general partner of Venture Chicago, IL 60603 Marc S. Sandroff, a general partner 190 South LaSalle St. United States of Venture Chicago, IL 60603 ITEM 2(d). TITLE OF CLASS OF SECURITIES ---------------------------- Common Stock, $.01 par value Page 6 of 11 pages 7 ITEM 2(e). CUSIP NUMBER ------------ 699462 10 7 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13(d)-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 provision of the Employee Retirement Income Security Act of 1974 or endowment Fund; see Rule 13-d(b)(1)(ii)(F) of the Act. (g) --- Parent Holding company, in accordance with Rule 13(d)-1(b)(ii)(G) of the Act. (h) --- Group, in accordance with rule 13d-1(b)(ii)(H) of the Act. None of the above. ITEM 4. OWNERSHIP. ---------- (a) AMOUNT BENEFICIALLY OWNED ------------------------- As of December 31, 1996, each of the following is the holder of record of the number of shares of Common Stock set forth next to his or its name. Essex 0 shares Venture 0 shares Mr. Currie 21,333 shares Mr. Sandroff 0 shares (b) PERCENT OF CLASS ---------------- Essex Less than 5% Venture Less than 5% Mr. Currie Less than 5% Page 7 of 11 pages 8 Mr. Sandroff Less than 5% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: --------------------------------------------- (i) sole power to vote or direct the vote: -------------------------------------- Essex 0 Venture 0 Mr. Currie 21,333 Mr. Sandroff 0 (ii) shared power to vote or direct the vote: ---------------------------------------- Essex 0 Venture 0 Mr. Currie 0 Mr. Sandroff 0 (iii) sole power to dispose or to direct the disposition of: ------------------------------------------------------ Essex 0 Venture 0 Mr. Currie 21,333 Mr. Sandroff 0 (iv) shared power to dispose or to direct the disposition of: -------------------------------------------------------- Essex 0 Venture 0 Mr. Currie 0 Mr. Sandroff 0 Each of Essex, Venture and Messrs. Currie and Sandroff expressly disclaims beneficial ownership of any shares of Common Stock of PAREXEL International Corporation, except any shares held directly of record or any shares in which they have an actual pecuniary interest. Page 8 of 11 pages 9 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] Each of the reporting persons have ceased to own beneficially more than 5% of the Common Stock of PAREXEL International Corporation. 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 MEMBER OF THE GROUP. --------------------------------------------------------- Not applicable. Essex, Venture and Messrs. Currie and Sandroff expressly disclaim membership in a "group" as defined in Rule 13d-1(b)(1)(ii)(H). ITEM 9. NOTICE OF DISSOLUTION OF GROUP. ------------------------------- Not applicable. ITEM 10. CERTIFICATION. ---------------- Not applicable. This statement on Schedule 13G is not filed pursuant to Rule 13d-1(b). Attached as Exhibit 1 hereto is a Joint Filing Agreement executed by each of the filing persons pursuant to Rule 13-1(f) under Section 13(d) of the Act. Page 9 of 11 pages 10 SIGNATURE --------- After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 12, 1997 ESSEX VENTURE PARTNERS, L.P. FUND I By: Essex Venture Management, L.P. By: /s/ James L. Currie ----------------------------- James L. Currie Managing General Partner ESSEX VENTURE MANAGEMENT, L.P. By: /s/ James L. Currie ------------------------------ James L. Currie Managing General Partner /s/ James L. Currie - --------------------- James L. Currie /s/ Marc s. Sandroff - --------------------- Marc S. Sandroff Page 10 of 11 pages 11 EXHIBIT 1 --------- JOINT FILING AGREEMENTS OF ESSEX VENTURE PARTNERS, L.P. FUND I, ESSEX VENTURE MANAGEMENT, L.P. JAMES L. CURRIE AND MARC S. SANDROFF The undersigned hereby agree that the Schedule 13G with respect to the securities of PAREXEL International Corporation, dated as of even date herewith is filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended. Dated: February 12, 1997 ESSEX VENTURE PARTNERS, L.P. FUND I By: /s/ James L. Currie ----------------------------- James L. Currie Managing General Partner ESSEX VENTURE MANAGEMENT, L.P. By: /s/ James L. Currie ----------------------------- James L. Currie Managing General Partner /s/ James L. Currie - ---------------------- James L. Currie /s/ Marc S. Sandroff - ---------------------- Marc S. Sandroff Page 11 of 11 pages -----END PRIVACY-ENHANCED MESSAGE-----