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