BANKBOSTON CORP
SC 13G, 1999-02-16
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                                         Page 2 of 8 Pages

- -------------------------------------------------------------------------------
1)   Names of Reporting Persons        BankBoston Corporation
     S.S. or I.R.S. Identification     (04-2471221)
     Nos. of Above Persons
- -------------------------------------------------------------------------------
2)   Check the Appropriate Box         (a)
     if a Member of a Group            (b)
     (See Instructions)
- -------------------------------------------------------------------------------
3)   SEC Use Only
- -------------------------------------------------------------------------------
4)   Citizenship or Place of
     Organization                      Holding Company-Massachusetts
- -------------------------------------------------------------------------------
Number of Shares              (5)  Sole Voting Power                    874,055
Beneficially                  (6)  Share Voting Power                 1,202,194
Owned by Each                 (7)  Sole Dispositive
Reporting Person                   Power                                673,355
With                          (8)  Shared Dispositive
                                   Power                              1,402,894
- -------------------------------------------------------------------------------
9)   Aggregate Amount Beneficially
     Owned by Each Reporting Person                                   2,076,249
- -------------------------------------------------------------------------------
10)  Check if the Aggregate Amount
     In Row (9) Excludes Certain
     Shares (See Instructions)
________________________________________________________________________________
11)  Percent of Class Represented
     by Amount in Row 9                             8.3%
________________________________________________________________________________
12)  Type of Reporting Person
     (See Instructions)         HC
<PAGE>
 
CUSIP NO. 554273-10-2                                          Page 3 of 8 Pages

- -------------------------------------------------------------------------------
1)   Names of Reporting Persons       BankBoston, National Association
     S.S. or I.R.S. Identification    (04-2472499)
     Nos. of Above Persons
- -------------------------------------------------------------------------------
2)   Check the Appropriate Box        (a)
     if a Member of a Group           (b)
     (See Instructions)
- -------------------------------------------------------------------------------
3)   SEC Use Only
- -------------------------------------------------------------------------------
4)   Citizenship or Place of
     Organization                      Bank - USA
- -------------------------------------------------------------------------------
Number of Shares              (5)  Sole Voting Power                    874,055
Beneficially                  (6)  Share Voting Power                 1,202,194
Owned by Each                 (7)  Sole Dispositive
Reporting Person                   Power                                673,355
With                          (8)  Shared Dispositive
                                   Power                              1,402,894
- -------------------------------------------------------------------------------
9)   Aggregate Amount Beneficially
     Owned by Each Reporting Person                                   2,076,249
- -------------------------------------------------------------------------------
10)  Check if the Aggregate Amount
     In Row (9) Excludes Certain
     Shares (See Instructions)
________________________________________________________________________________
11)  Percent of Class Represented
     by Amount in Row 9                                                     8.3%
________________________________________________________________________________
12)  Type of Reporting Person
     (See Instructions)         BK
<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                  245 Freght Street
        -------------------                  Waterbury, CT  06702
        Principal Executive                  
        -------------------
        Office:                           
        ------

Item 2.
   (a)  Name of Person                       Bank of Boston Corporation
        --------------                       on its own behalf as indirect owner
        Filing:                              and on behalf of its subsidiary,
        ------                               BankBoston, National Association.
 
   (b)  Address of Principal                 100 Federal Street
        --------------------                 Boston, Massachusetts  02110
        Business Office or, if               
        ----------------------
        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)  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 16, 1999
BankBoston Corporation

By:
   --------------------------------

Name:  Robert T. Jefferson
       ----------------------------
Print

Title: Comptroller
       -----------
<PAGE>
 
                                                             Page 6 of 8 Pages


BankBoston, National Association


By:___________________________


Name:  Robert H. Frey
       --------------
Print:


Title: Chief Fiduciary Officer, 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 16, 1999

BankBoston Corporation


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

BankBoston, National Association

By:
   -----------------------------------

Name: Robert H. Frey
      --------------------------------
Print:

Title:  Chief Fiduciary Officer,
        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 Robert
H. Frey, is duly elected Chief Fiduciary Officer 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 ___th day
of February, 1999.


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


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