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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. __)
Nexar Technologies, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
65332P 10 6
(CUSIP Number)
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SCHEDULE 13G
CUSIP No. 65332P 10 6 Page 2 of 5
1. Name of Reporting Persons S.S. or I.R.S. Identification Number of Above
Persons
Albert J. Agbay
Social Security No.: ###-##-####
2. Check the Appropriate Box if a Member of a Group
Not Applicable
3. SEC Use Only
4. Citizenship or Place of Organization
United States of America
Number of Shares Beneficially Owned By Each Reporting Person With
5. Sole Voting Power
1,044,580 shares (includes 962,545 shares which Mr. Agbay has the right to
acquire pursuant to stock options).
6. Shared Voting Power
None
7. Sole Dispositive Power
1,044,580 shares (includes 962,545 shares which Mr. Agbay has the right to
acquire pursuant to currently exercisable stock options).
8. Shared Dispositive Power
None
9. Aggregate Amount Beneficially Owned by Each Reporting Person.
1,044,580 shares (includes 962,545 shares which Mr. Agbay has the right to
acquire pursuant to currently exercisable stock options).
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares.
Not Applicable
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CUSIP No. 65332P 10 6 Page 3 of 5
11. Percent of Class Represented by Amount in Row 9.
10.4%
12. Type of Reporting Person.
IN
Item 1(a). Name of Issuer:
Nexar Technologies, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
257 Turnpike Road
Southborough, Massachusetts 01772
Item 2(a). Name of Person Filing:
Albert J. Agbay
Item 2(b). Address of Principal Business Office or, if None, Residence:
c/o Nexar Technologies, Inc.
257 Turnpike Road
Southborough, Massachusetts 01772
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value per share
Item 2(e). CUSIP Number:
65332P 10 6
Item 3:
Not Applicable
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CUSIP No. 65332P 10 6 Page 4 of 5
Item 4. Ownership:
(a) Amount Beneficially Owned:
1,044,580 shares (includes 962,545 shares which Mr. Agbay has the
right to acquire under currently exercisable stock options).
(b) Percent of Class:
10.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,044,580 shares (includes 962,545 shares which Mr. Agbay has
the right to acquire under currently exercisable stock
options).
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the disposition of:
1,044,580 shares (includes 962,545 shares which Mr. Agbay has
the right to acquire under currently exercisable stock
options).
(iv) shared power to dispose or to direct the disposition of:
None
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 by the Parent Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
Not Applicable
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CUSIP No. 65332P 10 6 Page 5 of 5
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
Not Applicable
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 3, 1998
/s/ Albert J. Agbay
Albert J. Agbay
Chairman of the Board,
Chief Executive Officer
and President of the Issuer
