VIALOG CORP
4, 1999-02-19
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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                                  F O R M    4
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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

     Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
              Section 30(f) of the Investment Company Act of 1940

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
    obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person

Bolduc                               Glenn                                 D.
- --------------------------------------------------------------------------------
(Last)                              (First)                             (Middle)

                               VIALOG Corporation
                   35 New England Business Center, Suite 160
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                                    (Street)

Andover                                 MA                                 01810
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(City)                               (State)                              (Zip)
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2. Issuer Name and Ticker of Trading Symbol

                            VIALOG Corporation "VLOG"
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3. IRS or Social Security Number of Reporting Person (Voluntary)

                                  
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4. Statement for Month/Year
                                  February 1999
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5. If Amendment, Date of Original (Month/Year)

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6. Relationship of Reporting Person to Issuer (Check all applicable)

[X] Director  

[ ] 10% Owner

[X] Officer (give title below)

[ ] Other (specify below)
                                CEO and President
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7. Individual or Joint/Group Filing (Check Applicable Line)

[X] Form filed by One Reporting Person

[ ] Form filed by More than One Reporting Person
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<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
                          TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENFICIALLY OWNED
====================================================================================================================================
1. Title of Security (Instr. 3)                        2. Transaction Date      3. Transaction Code       4. Securities Acquired (A)
                                                          (Month/Day/Year)         (Instr. 8)                or Disposed of (D)
                                                                                                             (Instr. 3, 4 and 5)
                                                       -------------------      -------------------       --------------------------
                                                                                                                    (A) or
                                                                                Code           V          Amount      (D)      Price
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                         <C>                  <C>           <C>        <C>          <C>     <C>
Common Stock                                                 2/10/99              P             V          8,000        A       (1)
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Common Stock                        
- ------------------------------------------------------------------------------------------------------------------------------------
                          
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
                    TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENFICIALLY OWNED -- Continued
====================================================================================================================================
1. Title of Security (Instr. 3)                        5. Amount of Securities      6. Ownership Form:        7. Nature of Indirect
                                                          Beneficially Owned           Direct (D) or             Beneficial
                                                          (Instr. 4)                   Indirect (I)              Ownership
                                                                                       (Instr. 4)                (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                                         <C>                            <C>                       <C>
Common Stock                                                  30,000                        D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                  30,000                        I                        By wife as
                                                                                                                     custodian
- ------------------------------------------------------------------------------------------------------------------------------------
 
====================================================================================================================================
</TABLE>
* Represents the vesting of Management Recognition Plan Award
  and the change in form of ownership from indirect to direct.
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
                           TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                   (E.G., PUTS, CALLS, WARRANTS, OPTION, CONVERTIBLE SECURITIES)
====================================================================================================================================
1. Title of Derivative Security    2. Conversion       3. Transaction Date      4. Transaction Code      5. Number of Derivative
   (Instr. 3)                         Or Exercise         (Month/Day/Year)         (Instr. 8)               Securities Acquired (A)
                                      Price of                                                              or Disposed of (D)
                                      Derivative                                                            (Instr. 3, 4, and 5)
                                      Security   
                                    -------------      -------------------      --------------------     ---------------------------
                                                                                  Code          V             (A)            (D)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>                 <C>                   <C>          <C>             <C>            <C>
Stock Option                             $.028        
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option                             $2.00
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option                             $8.00 
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
====================================================================================================================================
                           TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                             (E.G., PUTS, CALLS, WARRANTS, OPTION, CONVERTIBLE SECURITIES) -- Continued
====================================================================================================================================
1. Title of Derivative Security     6. Date                  7. Title and                     8. Price of       
   (Instr. 3)                          Exercisable              Amount of                        Derivavtive    
                                       and                      Underlying                       Security       
                                       Expiration               Securities                       (Instr. 5)     
                                       Date (Month/             (Instr. 3                     
                                       Day/Year)                and 4)                        
                                                                                              
                                                                                              
                                     --------------------    ----------------------------     --------------                  
                                     Date         Expira-                       Amount or                                  
                                     Exer-        tion                          Number                                     
                                     cisable      Date           Title          of Shares                                  
- ------------------------------------------------------------------------------------------------------------

<S>                                  <C>          <C>        <C>                <C>            <C>   
Stock Option                         4/6/98       10/31/06   Common Stock       160,000
- ------------------------------------------------------------------------------------------------------------
Stock Option                         (1)          10/14/07   Common Stock        75,000
- ------------------------------------------------------------------------------------------------------------
Stock Option                         (2)          10/29/08   Common Stock        40,000
- ------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
                           TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                             (E.G., PUTS, CALLS, WARRANTS, OPTION, CONVERTIBLE SECURITIES) -- Continued
====================================================================================================================================
1. Title of Derivative Security         9. Number of Derivative            10. Ownership Form of              11. Nature of Indirect
   (Instr. 3)                              Security (Instr. 5)                 Derivative Security:               Beneficial
                                                                               Direct (D) or                      Ownership
                                                                               Indirect (I) (Instr. 4)            (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>                                  <C>                              <C>
Stock Option                                     194,587                              D                      
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option                                     194,587                              D                
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option                                     194,587                              D 
====================================================================================================================================
</TABLE>
Explanation  of  Responses: 
  
(1) As of the reporting  date,  this option is  exercisable as to 31,250 shares.
This option will vest as to an  additional  6,250 shares on the last day of each
calendar quarter until fully vested.

(2) As of the reporting  date,  this option is  exercisable  as to 3,337 shares.
This option will vest as to an  additional  3,333 shares on the last day of each
calendar quarter until fully vested.
 
 

                         /s/Glenn D. Bolduc                    2/19/99
                         -----------------------------        --------- 
                         Signature of Reporting Person           Date


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