BANK OF BOSTON CORP
SC 13G, 1998-02-17
NATIONAL COMMERCIAL BANKS
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549


                                 SCHEDULE 13G


                   Under the Securities Exchange Act of 1934


                                MacDermid, Inc.
                                ---------------
                                Name of Issuer


                             Common, No Par Value
                             --------------------
                        (Title of Class of Securities)


                                  554273-10-2
                                  -----------
                                (CUSIP Number)



    Check the following box if a fee is being paid with this statement [_]


                               Page 1 of 8 Pages
<PAGE>

- -----------------------                                  ---------------------
  CUSIP NO. 554273-10-2                 13G                PAGE 2 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      BankBoston Corporation
      (04-2471221)
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      Holding Company-Massachusetts

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            289,452  
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          380,573
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             200,596
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          469,429
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      670,025

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      8.0%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      HC

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

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>

- -----------------------                                  ---------------------
  CUSIP NO. 554273-10-2                 13G                PAGE 3 OF 8 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      BankBoston, National Association
      (04-2472499)
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4    
      Bank - USA

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            289,452  
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          380,573
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             200,596
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          469,429
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      670,025

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10                  
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11    
      8.0%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
      BK

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

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
 
                                                               Page 4 of 8 Pages

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                       SCHEDULE 13G UNDER THE SECURITIES
                             EXCHANGE ACT OF 1934

Item 1.
       (a)   Name of Issuer:              MacDermid, Inc.
       (b)   Address of Issuer's          50 Brookside Road
             Principal Executive          (P.O. Box 671)
             Office:                      Waterbury, CT 06708

Item 2.
       (a)   Name of Person               Bank of Boston Corporation
             Filing:                      on its own behalf as indirect owner
                                          and on behalf of its subsidiary,
                                          BankBoston, National Association.

       (b)   Address of Principal         100 Federal Street
             Business Office or, if       Boston, Massachusetts 02110
             none, Residence:

       (c)   Citizenship:                 Holding Company - Massachusetts
                                          Bank - USA

       (d)   Title Class of
             Securities:                  Common, No Par Value

       (e)   CUSIP Number:                554273-10-2

Item 3.
       This statement is filed pursuant to Rule 13d-1(b). The persons filing are
       a parent holding company, in accordance with Reg. section 240.13d-
       1(b)(ii)(G), and a bank, in accordance with Reg. section 240.13d-
       1(b)(ii)(B) of the Securities Exchange Act of 1934.

Item 4.      Ownership:
       (a)   Amount Beneficially
             Owned:                       See Item 9, Cover Page
       (b)   Percent of Class:            See Item 11, Cover Page
       (c)   Number of Shares as to Which
             Such Person Has
             (i)   Sole Power to Vote or to Direct the vote 
             (ii)  Shared Power to Vote or to Direct the vote 
             (iii) Sole Power to Dispose or Direct the Disposition of: 
             (iv)  Shared Power to Dispose to or Direct the Disposition of:

                                               For (c), see Item 5-8, Cover Page
<PAGE>
 
                                                               Page 5 of 8 Pages

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 beneficial owner
             of more than five percent of the class of securities, check the
             following [_].

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

             Not Applicable.

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

             Bank as defined in Section 3(a)(6) of the Securities Exchange Act
             of 1934.

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

             Not Applicable.

Item 10.     CERTIFICATION:

             See Exhibit A

       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 such securities and were not acquired and are not held
       in connection with or as a participant in any transaction having such
       purpose or effect.

       After reasonable inquiry and to the best of my knowledge and belief, I
       certify that the information set forth in this statement is true,
       completed and correct.

       Date:  February 13, 1998
       BankBoston Corporation

       By: /s/ Robert T. Jefferson
          ------------------------

       Name:  Robert T. Jefferson
       Print

       Title: Comptroller
<PAGE>
 
                                                               Page 6 of 8 Pages


BankBoston, National Association


By: /s/ James H. Vineburgh
   ---------------------------


Name:  James H. Vineburgh
       ------------------
Print:


Title: Director, Private Banking
<PAGE>
 
                                                               Page 7 of 8 Pages

                                   EXHIBIT A
                                   ---------

                                   AGREEMENT


       The undersigned hereby agree, pursuant to Section 240.13d-1(f)(1) that
BankBoston Corporation may file a Schedule 13G pursuant to Rule 13d-1 under the
Securities Exchange Act of 1934, and all amendments to such Schedule, with
respect to shares of MacDermid, Inc. Common Stock, No Par Value, on behalf of
itself and BankBoston, National Association.


Dated: February 13, 1998

BankBoston Corporation


By: /s/ Robert T. Jefferson
   ---------------------------
      Robert T. Jefferson
      Comptroller
<PAGE>
 
                                                               Page 8 of 8 Pages

BankBoston, National Association

By: /s/ James H. Vineburgh
   ---------------------------

Name: James H. Vineburgh
      -------------------
Print:

Title: Director, Private Banking


              INCUMBENCY CERTIFICATE OF AUTHORIZED REPRESENTATIVE


       I, the undersigned, Michael R. Garfield, Assistant Secretary of the Board
of Directors of BankBoston, National Association, do hereby certify that James
H. Vineburgh, is a duly elected Senior Vice President of the Bank and Director
of Private Banking, and also has the power and authority to sign the attached
Statements on Schedule 13G in the name and on behalf of the Bank.

       In witness whereof, I have set my hand and seal of the Bank this 13th
day of February, 1997.


                                        By: /s/ Michael R. Garfield
                                           --------------------------
                                           Michael R. Garfield
                                           Assistant Secretary of the
                                           Board of Directors


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