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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
Omtool, Ltd.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
681974101
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
*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).
SEC 1745 (2/92)
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CUSIP NO. 681974101 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Martin A. Schultz
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
Not Applicable (b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
2,014,654
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,014,654
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WITH 8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,014,654
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.3%
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12 TYPE OF REPORTING PERSON *
IN
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CUSIP NO. 681974101 13G PAGE 3 OF 5 PAGES
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Item 1(a). NAME OF ISSUER:
Omtool, Ltd.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
8 Industrial Way, Salem, NH 03079
Item 2(a). NAME OF PERSON FILING:
Martin A. Schultz
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
8 Industrial Way, Salem, NH 03079
Item 2(c). CITIZENSHIP:
United States of America
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value.
Item 2(e). CUSIP NUMBER:
681974101
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), 13d-2(b)
or (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(15 U.S.C. 78o);
(c) [ ] Insurance company as defined in Section
3(a)(19) of the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under Section 8
of the Investment Company Act of 1940 (15 U.S.C.
80a-8);
(e) [ ] An Investment Advisor in accordance with Section
240. 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund; in
accordance with Section 240. 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240. 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813);
(i) [ ] A church plan that is excluded from the
definition of an investment company under Section
3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
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CUSIP NO. 681974101 13G PAGE 4 OF 5 PAGES
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(j) [ ] Group, in accordance with Rule 13a-1(b)(1)(ii)(J).
Not applicable.
Item 4. OWNERSHIP.
(a) Amount Beneficially Owned: 2,014,654 shares of Omtool,
Ltd.'s common stock, $.01 par value
(b) Percent of Class: 16.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
2,014,654
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the
disposition of:
2,014,654
(iv) shared power to dispose or to direct the
disposition of:
-0-
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.
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
Item 10. CERTIFICATION.
Not applicable. This Schedule 13G is not being filed pursuant
to Rule 13d-1(b) or Rule 13d-1(c).
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CUSIP NO. 681974101 13G PAGE 5 OF 5 PAGES
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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.
February 10, 1999
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Date
/s/ Martin A. Schultz
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Signature
Martin A. Schultz
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Name/Title
