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F O R M 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities 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
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1. Name and Address of Reporting Person
Bolduc, Glenn D.
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(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. Date of Event Requiring Statement (Month/Day/Year)
February 4, 1999
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker of Trading Symbol
Vialog Corporation VLOG
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5. Relationship of Reporting Person to Issuer (check all applicable)
[ x ] Director*
[ ] 10% Owner
[ x ] Officer (give title below)
[ ] Other (specify below)
______________________________
President and CEO
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group filing (Check Appropriate Line)
[x] Form filed by One Reporting Person
[ ] Form filed by More Than One Reporting Person
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<TABLE>
<CAPTION>
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TABLE I -- NON-DERIVATIVE SECURITIES BENFICIALLY OWNED
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1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership From: 4. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership
(Instr 5.) (Instr. 5)
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<S> <C> <C> <C>
Common Stock 25,000 D
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Common Stock 30,000 I Held by wife as
custodian for minors
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</TABLE>
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<TABLE>
<CAPTION>
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TABLE II -- DERIVATIVE SECURITIES BENFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Date 3. Title and 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) Exercisable Amount of Or Exercise Form of Indirect
and Securities Price of Derivative Beneficial
Expiration Underlying Derivative Security: Ownership
Date (Month/ Derivative Security Direct (Instr. 5)
Day/Year) Security (D) or
(Instr. 4) Indirect (I)
(Instr. 5)
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Date Expira- Amount or
Exer- tion Number
cisable Date Title of Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
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Stock Option 04/06/98 10/31/06 Common Stock 160,000 $ .028 D
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Stock Option (1) 10/14/07 Common Stock 75,000 $2.00 D
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Stock Option (2) 10/29/08 Common Stock 40,000 (3) D
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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.
(3) The price per share of this option is the IPO price.
/s/Glenn D. Bolduc 2/4/99
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Signature of Reporting Person Date
