UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 28)*
THE OHIO ART COMPANY
(Name of Issuer)
_________________________________Common Stock________________________________
(Title of Class of Securities)
677143 10 9
(CUSIP Number)
*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).
1 of 10 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 677143 10 9
______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
W. C. Killgallon
Soc. Sec. No. ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b)/X/
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A.
______________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
68,132
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
68,132
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
NONE
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,132
______________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
/ /
______________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.69
______________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
2 of 10 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 677143 10 9
______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William Carpenter Killgallon
Soc. Sec. No. ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A.
______________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
128,013
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
122,656
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
67,329
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,013
______________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
/X/
______________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.44%
______________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
3 of 10 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 677143 10 9
______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Martin Lawrence Killgallon,II
Soc. Sec. No. ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A.
______________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
210,292
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
205,106
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
67,329
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
210,292
______________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
/X/
______________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
23.71%
______________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
4 of 10 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 677143 10 9
______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ruth K. Gilbert
Soc. Sec. No. ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A
______________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
32,192
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
32,192
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
NONE
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,192
______________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
/ /
______________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.63
______________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
5 of 10 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 677143 10 9
______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Katherine K. Michelsen
Soc. Sec. No. ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. A.
______________________________________________________________________________
5 SOLE VOTING POWER
NUMBER OF
18,098
SHARES ______________________________________________________
6 SHARED VOTING POWER
BENEFICIALLY
NONE
OWNED BY ______________________________________________________
7 SOLE DISPOSITIVE POWER
EACH
18,098
REPORTING ______________________________________________________
8 SHARED DISPOSITIVE POWER
PERSON WITH
NONE
______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,098
______________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
/ /
______________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.04
______________________________________________________________________________
12 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
6 of 10 Pages
<PAGE>
Item 1(a) Name of Issuer:
The Ohio Art Company
Item 1(b) Address of Issuer's Principal Executive Offices:
P.O. Box 111
Bryan, OH 43506
Item 2(a) Name of Each of the Persons Filing this Statement:
W. C. Killgallon Ruth K. Gilbert
William Carpenter Killgallon Katherine K. Michelsen
Martin Lawrence Killgallon, II
Item 2(b) Address of the Principal Business Office of Each of the Persons
Filing this Statement:
P.O. Box 111
Bryan, OH 43506
Item 2(c) Citizenship:
Each person filing this statement is a citizen of the United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
677143 10 9
Item 3. Not Applicable.
7 of 10 Pages
<PAGE>
<TABLE>
Item 4. Ownership:
<CAPTION>
c) Number of shares as to which such person has:
------------------------------------------------------
(i) (ii) (iii) (iv)
Sole Shared Sole Power Shared Power
(a) (b) Power Power to Dispose to Dispose
Amount to Vote to Vote or to or to
Benefi- Percent or to or to Direct the Direct the
cially of Direct Direct Disposition Disposition
Owned Class the Vote the Vote of of
------- ------- -------- -------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C>
68,162 7.69 68,162 None 68,162 None
W. C. Killgallon (1)
William Carpenter Killgallon 128,013 14.44 128,013 None 122,656 67,329
(2) (4) (5)
Martin Lawrence Killgallon,II 210,292 23.71 210,292 None 205,106 67,329
(3) (4) (5)
Ruth K. Gilbert 32,192 3.63 32,192 None 32,192 None
Katherine K. Michelsen 18,098 2.04 18,098 None 18,098 None
</TABLE>
8 of 10 Pages
<PAGE>
Item 4. (Cont.)
(1) Includes 1,200 shares owned by Killgallon Foundation of which W. C.
Killgallon is an officer and director, as to which beneficial ownership
is disclaimed.
(2) Does not include 3,850 shares owned by wife nor 68,400 shares held in
trust by wife for sons and daughters. Does not include 1,200 shares owned
by Killgallon Foundation of which William Carpenter Killgallon is an
officer and director. These 1,200 shares are included in the Form 4 of
W. C. Killgallon.
(3) Includes 52,110 shares held for children of Martin Lawrence Killgallon,
II, as to which beneficial ownership is disclaimed, but does not include
l,129 shares owned by wife. Does not include 1,200 shares owned by
Killgallon Foundation of which Martin Lawrence Killgallon, II is an
officer and director. These 1,200 shares are included in the Form 4 of
W. C. Killgallon.
(4) 5,357 of these shares are held for William C. Killgallon's account in the
company's ESOP and 5,186 of these shares are held for M. L. Killgallon,
II's account in the company's ESOP.
(5) These shares reflect allocated and unallocated shares held in the ESOP as
to which William C. Killgallon and Martin L. Killgallon, II, as trustees
and members of the Plan Committee have shared investment. Messrs.
Killgallon disclaim beneficial ownership of all of these shares other
than those allocated to their respective accounts.
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:
The children of Martin Lawrence Killgallon, II have the right to receive
the income and proceeds from 52,110 shares held for them. The Killgallon
Foundation has the right to receive the income and proceeds from 1,200
shares reported herein as beneficially owned by W. C. Killgallon.
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 Member of the Group:
W. C. Killgallon is the father of William Carpenter Killgallon, Martin
Lawrence Killgallon, II, Ruth K. Gilbert, and Katherine K. Michelsen.
The affairs of The Ohio Art Company are from time to time discussed by
the family members, but each party hereto has sole control of the shares
listed herein as owned by such party and disclaims being a member of a
"group" within the meaning of Section 13 of the Securities and Exchange
Act.
9 of 10 Pages
<PAGE>
Item 9. Notice of Dissolution of Group: Not applicable
Item 10. Certification:
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.
Each of the undersigned hereby constitutes and appoints M. L. Killgallon,
II and William Carpenter Killgallon and each of them, their true and lawful
agent and attorney-in-fact, for them and in their name, place, and stead in
any and all capacities to sign, file, and deliver any amendment or papers
supplemental to the Schedule 13G relating to The Ohio Art Company previously
filed by the undersigned with the Securities and Exchange Commission,
including all exhibits thereto, as fully to all intents and purposes as they
might do in person, and thereby ratify and confirm all that said agent and
attorney-in-fact may lawfully do or cause to be done by virtue of such
constitution and appointment.
Dated: February 4, 1999 /s/ W. C. Killgallon
--------------------------
W. C. Killgallon
/s/ William Carpenter Killgallon
-------------------------------
William Carpenter Killgallon
/s/ Ruth K. Gilbert
--------------------------
Ruth K. Gilbert
/s/ Katherine K. Michelsen
--------------------------
Katherine K. Michelsen
/s/ Martin L. Killgallon,II
---------------------------
Martin L. Killgallon,II
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations. (See 18 U.S.C. 1001)
10 of 10 Pages
