OPTELECOM INC
SC 13G, 2000-03-21
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
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                     --SCHEDULE 13G PAGE 1 OF 4 TEMPLATE--
===============================================================================

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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._____)*

                                OPTELECOM, INC
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                         COMMON STOCK, PAR VALUE $0.03
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)

                                  638 818 207
                        ------------------------------
                                (CUSIP Number)

                                 March 8, 2000
- --------------------------------------------------------------------------------
            (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).
<PAGE>

                    --SCHEDULE 13G PAGE 2 OF 4  TEMPLATE--
===============================================================================

  CUSIP NO. 638818207
            ---------

     JOEL D. ROSENTHAL
- ------------------------------------------------------------------------------
 1    NAMES OF REPORTING PERSONS.
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).


- ------------------------------------------------------------------------------
 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


                                      US
- ------------------------------------------------------------------------------
                     5    SOLE VOTING POWER

     NUMBER OF
                          58,000
      SHARES       -----------------------------------------------------------
                     6    SHARED VOTING POWER
   BENEFICIALLY

     OWNED BY
                   -----------------------------------------------------------
       EACH          7    SOLE DISPOSITIVE POWER

    REPORTING
                          40,000
      PERSON       -----------------------------------------------------------
                     8    SHARED DISPOSITIVE POWER
       WITH

- ------------------------------------------------------------------------------
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                    98,000
- ------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
      (SEE INSTRUCTIONS)
                                                                    [_]

- ------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)


                                     4.3%
- ------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)


                                      IN
- ------------------------------------------------------------------------------

<PAGE>

                     --SCHEDULE 13G PAGE 3 OF 4 TEMPLATE--
===============================================================================
Item 1

    (a) Name of Issuer     OPTELECOM, INC

    (b) Address of Issuer's Principal Executive Offices
            9300 GAITHER RD, GAITHERSBURG, MD 20877

Item 2

    (a) Name of Person Filing   JOEL D ROSENTHAL

    (b) Address of Principal Business Office or, if none, Residence
            7620 CABIN ROAD,  CABIN JOHN, MD  20818

    (c) Citizenship
            US

    (d) Title of Class of Securities
            COMMON STOCK, PAR $0.03 PER SHARE

    (e) CUSIP Number
            638818207

Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or
        240.13d-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. 78c).

    (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 adviser in accordance with (S)240.13d-1(b)(1)(ii)(E);

    (f) [_] An employee benefit plan or endowment fund in accordance with
            (S)240.13d-1(b)(1)(ii)(F);

    (g) [_] A parent holding company or control person in accordance with
            (S)240.13d-1(b)(1)(ii)(G);

    (h) [_] A savings associations 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);

    (j) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

    Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

    (a) Amount beneficially owned:      98,000

    (b) Percent of class:     4.3%

    (c) Number of shares as to which the person has:

        (i)   Sole power to vote or to direct the vote 58,000
<PAGE>

        (ii)  Shared power to vote or to direct the vote

        (iii) Sole power to dispose or to direct the disposition of  40,000

        (iv)  Shared power to dispose or to direct the disposition of

    Instruction. For computations regarding securities which represent a right
to acquire an underlying security see (S)240.13d-3(d)(1).

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]

Instruction: Dissolution of a group requires a response to this item.
<PAGE>

                     --SCHEDULE 13G PAGE 4 OF 4 TEMPLATE--
===============================================================================

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

    If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item, and if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of the employee benefit plan, pension fund or endowment fund is not required.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company.

    If a parent holding company has filed this schedule, pursuant to Rule 13d-
1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-
1(d), attach an exhibit stating the identification of the relevant subsidiary.

Item 8.  Identification and Classification of Members of the Group.

    If a group has filed this schedule pursuant to (S)240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to (S)240.13d-1(c) or (S)240.13d-1(d), attach an exhibit stating the
identity of each member of the group.

Item 9.  Notice of Dissolution of a Group

    Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.

Item 10. Certification

    (a)  The following certification shall be included if the statement is filed
pursuant to (S)240.13d-1(b):

               By signing below I certify that, to the best of my knowledge and
               belief, the securities referred to above were acquired and are
               held in the ordinary course of business and were not acquired and
               are not held for the purpose of or with the effect of changing or
               influencing the control of the issuer of the securities and were
               not acquired and are not held in connection with or as a
               participant in any transaction having that purpose or effect.

    (b)  The following certification shall be included if the statement is filed
pursuant to (S)240.13d-1(c):

               By signing below I certify that, to the best of my knowledge and
               belief, the securities referred to above were not acquired and
               are not held for the purpose of or with the effect of changing or
               influencing the control of the issuer of the securities and were
               not acquired and are not held in connection with or as a
               participant in any transaction having that purpose or effect.
<PAGE>

                                   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.

                                                       MARCH 20, 2000
                                              ----------------------------------
                                                            Date


                                              ----------------------------------
                                                          Signature

                                                      JOEL D. ROSENTHAL
                                              ----------------------------------
                                                          Name/Title

    The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See (S)240.13d-7 for other
parties for whom copies are to be sent.

    Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)


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